Why do credit scores differ?
Three major credit-reporting bureaus (Experian, Equifax, and TransUnion) and two scoring models (FICO or VantageScore) determine credit scores. Financial institutions use different bureaus, as well as their own scoring models. Over 200 credit report factors may be considered when calculating a score, and each model may weigh credit factors differently, so no scoring model is identical.
- What if the information provided by Credit Score appears to be wrong or inaccurate?
- Is there a fee for Credit Score?
- Will accessing Credit Score "ding" my credit and potentially lower my credit score?
- How often is the credit score updated?
- Do I have to be enrolled in a specific product to get my credit score or is this available to everyone that has Digital Banking?