Which Credit Bureau, Report or Score is Most Accurate?

If you’ve ever applied for a loan, apartment rental or even a job, you might have seen the 3-digit number that is your credit score. And if that number changes from day to day, or application to application, chances are you’re wondering why.

What many people don’t realize, however, is that there are multiple credit scores. So, if you’re wondering which credit bureau, report or score is the most accurate, here’s what you need to know.

Disclaimer: Credit Summit may be affiliated with some of the companies mentioned in this article. Credit Summit may make money from advertisements, or when you contact a company through our platform.

What is the Most Accurate Credit Score?

Approximately 90% of all U.S. lenders use the latest version of the FICO credit score. Even if they use a similar scoring model, credit scores from other companies can vary by up to 100 points from this score. So, it’s a good idea to monitor your FICO score since that’s the one most lenders will check.

The other most accurate scoring model is the VantageScore 3.0. Keep an eye on this score as well if you’re looking into loans or other financial products.

The basic FICO credit score range is 300 to 850.

  • 300 to 579 (poor credit): Most lenders will reject applications from borrowers with a score in this range.
  • 580 to 669 (fair credit): Some lenders will work with consumers with fair credit. However, interest rates will be higher, and the loan amounts will often be lower.
  • 670 to 739 (good credit): The average consumer has good credit and can qualify for most loans or credit cards. The interest rates are usually middle-of-the-line.
  • 740 to 799 (very good credit): Consumers with very good credit qualify for most loan products with decent rates.
  • 800 to 850 (excellent credit): Around 18% to 20% of people have excellent credit. They are eligible for the best rates and their applications are rarely rejected.  

READ MORE: What credit score do you start with?

What is a FICO Score?

Founded in 1956 in San Jose, California, FICO was originally known as the Fair Isaac Corporation. It started as a data analytics and software optimization company but became known for its first general-purpose FICO score in 1989.

However, it wasn’t until 1995 that the FICO score became mainstream. That was the year the Federal Home Loan Mortgage Corporation, or Freddie Mac started using the FICO score in all new mortgage applications. From then on, more lenders began using this scoring model to evaluate consumer data and calculate their credit risk.

The FICO credit scoring model uses the following factors to determine an individual’s score:

  • Payment history: This includes late payments, on-time payments, accounts in collections, foreclosures, and bankruptcies. It makes up 30% of the score.
  • Length of credit history: This focuses on the age of each credit card or loan account. It accounts for 15%.
  • Credit utilization: This refers to how much of their available credit a person is using. The recommended credit utilization is below 30%. Credit utilization accounts for 30% of the overall score.
  • Mix of credit: This refers to the different types of credit or accounts a person has, such as open lines of credit, installment loans, and so forth. It makes up 10% of the score.
  • Most recent credit applications or hard inquiries: 10% of the score is based on how many recent loan or credit card applications a person has had. The more hard inquiries, the greater the impact on the score.
  • Derogatory marks: Although not percentage-based, things like bankruptcies, accounts in collections and foreclosures all hurt the overall score.

You can find your FICO score at myFICO.com or one of the major credit bureau’s official websites. Another option is to get it from your credit card issuer, bank or credit union.

Industry-Specific FICO Scores

FICO scores 8 and 9 are general scores. However, there are several industry-specific FICO scores in use today. Each score is used for specific financial products, like car loans. For example:

  • FICO Auto Scores 2, 4 and 5 are used in auto loans.
  • FICO Bankcard Scores 2, 4 and 5 are used in credit card decisions.
  • FICO Scores 2, 4 and 5 are used by mortgage lenders.  

6 Reasons Why Your Credit Score Might Differ

If your credit score isn’t quite adding up across different sources, here’s why:

  • Credit scoring model used: Most commonly, this will be your FICO or VantageScore 3.0. Credit card companies almost always use one or the other.
  • Score version: Each company uses a different base score. For example, the FICO 9 (second-latest version) ranges from 300 to 850. This model puts less weight on things like medical debt and doesn’t calculate past accounts in collections. However, it does consider rent payments, if reported, in the overall score.
  • Industry-specific scores: These scores focus mainly on things like auto score, mortgage score and other installment loans.
  • Credit bureau: Not every lender reports the same information to every credit bureau. So, your Experian score might differ from your Equifax or TransUnion score.
  • Data provided to the credit bureau: Lenders aren’t legally obligated to report to all three credit bureaus. Some lenders don’t report a consumer’s activity to any bureaus at all.
  • Timing: Scores vary from day to day. This depends on what’s been reported recently, what’s fallen off the report and the age of an account or remark.
  • Errors on your credit report: A person’s credit score reflects any errors that appear on their report. If an error only appears on one credit bureau’s report, then that bureau might give you a lower score. Always dispute any errors as soon as you find them for an accurate score.

Regardless of the scoring model or report, you should check your credit score regularly. That way even if the numbers don’t perfectly match up, you’ll still have a good idea of what lenders and prospective employers are seeing. 

READ MORE: How to get a free credit score

You Have Dozens of Credit Scores

There are dozens of different credit scores used today. Not only are there three major credit bureaus (TransUnion, Experian and Equifax), but each one has a database of consumer information and a scoring system. In the United States, every consumer has at least 60 different credit scores, though most never use nearly that many.

One of the most common scoring systems, FICO, has several credit scores of its own, including: 

  • General-purpose score
  • Industry-specific score
  • NextGen risk score
  • Small Business Scoring Service (SBSS)

The VantageScore, introduced by the credit bureaus in 2006, is another popular credit score. Along with this, certain lenders rely on other credit scores for additional insight into people’s financial habits and creditworthiness. Non-VantageScore and non-FICO scores include:

  • PRBC alternative credit score
  • ChexSystems Consumer Score
  • Credit Optics Score (by SageStream)

A person’s credit score plays a major role in many facets of society. It can determine whether a lender or creditor will lend to them. Plus, it can help a prospective landlord decide whether to lease to them and what deposit to demand. It can even come into play in certain employers’ hiring decisions.

Some people view certain credit scores as more or less accurate than others. However, this primarily depends on what it’s used for and the information included. Overall, credit scores serve one purpose, and that is to determine a person’s credit risk and track their credit history.

Why Are There So Many Different Credit Scores?

First, there are three major credit bureaus, each with its database of consumer credit information. Then, there are dozens of scoring models out there, including FICO and VantageScore. Every model relies on a different algorithm to rank a person’s credit. On top of that, some credit scores exist solely for educational reasons.

Besides this, some creditors only report consumer activity to one credit bureau rather than to all three. As a result, one bureau might have information that the others don’t. This results in a different credit scores among providers.

The different credit scoring companies also sometimes update their scoring system. However, lenders and creditors don’t always follow suit. Instead, they might continue to use an older scoring model, resulting in two or more credit scores.

Each score also emphasizes a different aspect of a person’s credit behavior. For example, one scoring company could give more weight to payment history. Another might focus on the mix of credit or the number of open accounts (credit cards and loans). The next company might care more about credit history, late payments, etc.

Since every formula is based on the individual’s credit history, the final credit score tends to be accurate. But, since each score is weighted differently, the numbers aren’t always the same.

Other Types of Credit Scores

Besides FICO, two other widely known scoring models are the VantageScore and CE score.


The original VantageScore used a scoring range of 501 to 990. However, VantageScore 3.0 and 4.0 both range from 300 to 850. Unlike the FICO score, this system categorizes consumer credit based on the following:

  • 300 to 499: Very poor
  • 500 to 600: Poor
  • 601 to 660: Fair
  • 661 to 780: Good
  • 781 to 850: Excellent

Around 23% of consumers have an excellent VantageScore, while 38% have a good score.

This scoring model uses five categories to determine a person’s credit score. However, it doesn’t give exact percentages for each category. The most important factors are:

  • Credit usage: Most influential
  • Credit mix: Highly influential
  • Payment history: Moderately influential
  • Credit history length: Less influential
  • Recent activity: Less influential

You can get a free VantageScore report from AnnualCreditReport.com. Most major credit card issuers (CreditWise by Capital One, Credit Karma, Discover’s Credit Scorecard, etc.) also provide a credit report. Or you can request it from the credit bureaus.

READ MORE: Why did my credit score drop?

CE Score and Other Credit Scores

The CE (community empower) score is a free credit score created by CE Analytics. Quizzle.com once used it before the site converted to VantageScore. It ranges from 350 to 850.

Some credit scores are used for educational purposes only. Many of these existed before the FICO system. These scores are less accurate and less comprehensive than the FICO or VantageScore. They are, however, a good resource for those who want to monitor their credit for free.

If you’re looking for a comprehensive credit report, go to AnnualCreditReport.com. This site is federally authorized and offers complete credit reports to consumers.

Want to know more about how to get the most accurate credit score? Watch this video:

Credit Reporting Agencies

Here’s a breakdown of each credit bureau, including how to contact them.


Like Equifax and TransUnion, Experian collects data from a person’s credit history to make an accurate credit report. Experian uses the VantageScore and FICO scoring models like the other credit bureaus. An Experian report includes:

  • Summaries of any loans or lines of credit (if reported by creditors or lenders)
  • Personal data and contact information
  • Current and past employment information
  • History of credit checks or hard inquiries
  • Matters of public record like bankruptcy or involuntary arrangements
  • All current and closed accounts – loans, credit cards, mortgages, etc.
  • Amount of time a closed account will stay on the credit report
  • Monthly balance each month since an account was first opened
  • Additional data about recent credit inquiries

Here’s how to contact Experian directly.

Phone: 1 (888) 397-3742

Website: https://www.experian.com/

Mailing address: P.O. Box 2104, Allen, TX 75013-0949

How to get an Experian credit report

You can get a free Experian credit report and credit monitoring from Experian’s official website. You can also get it from CreditKarma.com, AnnualCreditReport.com or Credit Sesame.​ 


Equifax uses much of the same data as Experian to compile a credit report. However, Equifax lists all accounts as either “open” or “closed,” which makes it easier to separate old data from current data. An Equifax report also includes:

  • 81 months of credit history (seven years)
  • All revolving lines of credit, including retail charge cards
  • Installment loans (personal, auto, etc.)
  • Mortgage loans
  • Matters of public record
  • Hard inquiries
  • Accounts in collections
  • Other personal information (contact info, employment)

Here’s the contact information for Equifax.

Phone: 1 (888) 548-7878

Website: https://equifax.com/

Mailing address: Equifax Disclosure Department, P.O. Box 740241, Atlanta, GA 30374

How to get an Equifax credit report

You can obtain an Equifax credit report from Credit Karma, Credit Sesame or AnnualCreditReport.com. Or you can go to the bureau’s official website and get a free, comprehensive copy once a year.


TransUnion operates based on the same principles and scoring model as the other two major credit bureaus. A TransUnion report also includes the same type of information and is equally accurate.

Here’s the contact information for TransUnion.

Phone: 1 (800) 916-8800

Website: https://www.transunion.com/

Mailing address: P.O. Box 1000, Chester, PA 19022

How to get a TransUnion credit report

You can get a free credit report from each credit bureau once a year. You can also request your credit score with updated information from Credit Karma, Credit Sesame or AnnualCreditReport.com.

Why Does My Credit Score Matter?

Your credit score directly determines your creditworthiness. It acts as a tool that helps you qualify for loans, lower interest rates and credit cards with better benefits. With a good credit score, you can also negotiate for better loan terms than someone with a lower score. You can also apply for loans with a higher limit, which is convenient for making major purchases.r purchases.

Besides, a higher credit score typically means an easier approval process for apartment and home rentals. If your score is high enough, you could also get better insurance premiums and pay smaller deposits. The benefits of having a high credit score can stack up over time.

People with a lower credit score can still apply for loans, get utilities and apply for credit cards. However, they’ll usually face higher fees than those with better credit since lenders and insurance companies see them as a higher risk.

Keep in mind that your credit score will change throughout your life. For instance, applying for a new account through Capital One will result in a hard inquiry with all three of the major credit bureaus, which can affect your score. Most other lenders only run a hard inquiry through one of the three major bureaus, which impacts your score a bit less.

How Often Should I Check My Credit Report?

The Consumer Financial Protection Bureau (CFPB) recommends checking your credit report annually. If you’ve been a victim of identity theft or noticed an error on your report, consider checking it more frequently. You might also want to check your score before applying for a loan or new job.

READ MORE: How to check your credit report

Will Checking My Credit Information Hurt My Credit Score?

Only hard inquiries impact your credit score. Every 12 months, you can get a free credit report from any of the credit bureaus without hurting your score. If you check it another way, make sure it won’t result in a hard inquiry. For more information, check out the CFPB’s page.

How Does Credit Repair Impact My Credit Score?

Credit repair services review your credit report for any information that shouldn’t be there. They then try to remove that information for you by disputing it with the credit bureaus. This process can take up to a year and generally comes with a service fee ranging from $20 to $150. If successful, it can lead to a boost in credit score.

There are many scams out there, so verify any credit repair company before starting the process. Check with the Better Business Bureau or the CFPB for any complaints, negative reviews or licensing errors.

READ MORE: Best credit repair services

Will Credit Monitoring Help My Credit Score?

Credit monitoring is a service that observes any changes in a person’s credit score and financial behavior. This service can help catch any errors early and guard against identity theft. If something doesn’t seem right with your activity, the credit monitoring service can temporarily freeze an account until you verify it. This, in turn, prevents any extra damage to your credit or finances.

Most credit monitoring services charge a monthly fee of around $30. Look for a legitimate company not offered by the credit bureaus. That way, you’ll have more security in case of a data breach, such as the one experienced by Equifax in 2017. 

The Bottom Line

Your credit score is extremely important when it comes to things like loan or credit card applications, rentals, or employment. It’s also important to monitor your credit reports because incorrect information there can drive down your credit score. Check your reports and score at least once a year, or before making any big financial decisions like taking out a personal loan or mortgage.

Although there are many reporting systems out there, the FICO and VantageScore 3.0 are the best ones to monitor. Get a copy of your report from the bureaus, a free online website or a reputable service.


Do Student Loans Affect Your Credit Score?

Student loans are installment loans you repay over time. Just like other installment loans, they can affect your credit score. Applying for one results in a hard inquiry, which will cause your score to drop temporarily. However, with on-time payments, you can start building credit with them.

What is a Credit Freeze?

A credit freeze prevents someone from opening a new credit account in your name. It lasts until you ask the credit bureaus to remove it. While it’s active, you can still apply for jobs or an apartment rental. However, creditors will not be able to see your credit information.

How Can I Check my Credit Report Information and Dispute Errors?

Go to AnnualCreditReport.com for the most up-to-date credit report. Or call them at 1-877-322-8228.
To dispute an error, contact the bureau that gave you the report directly via snail mail or phone. Include the report confirmation number, if you have it, and any details regarding the error and the associated account. Provide any supporting documents you have as well. Ultimately, be prepared to explain why you’re disputing the error.

What is the Lowest Credit Score to Buy a House?

This depends on the type of loan. Conventional mortgage loans require a 620+ score, while a USDA loan requires 640+. FHA and VA loans require a 580+ score. In general, shoot for a credit score of 640 or above before applying for a mortgage.

Scroll to Top
Scroll to Top