Why Do You Have Three Different Credit Scores?

We ask every client what are their credit scores?

Almost always, they give me one number.

The number our clients give us is their highest credit score from one of the credit bureaus.

It’s almost as if they only have one score.

Today I want to share why you have three different credit scores that make up your credit and what you can do to get each of them as close as possible. 

You have three different credit scores because they’re three individual companies analyzing all of your credit data is the first reason. 

Each of these Individual companies analyzes your credit using their own credit scoring model. Since each company is using a different formula, your scores will almost always be different. 

The third reason is not every company that you have as a creditor is reporting your data to all three credit bureaus. Your scores will be different because of this.

You can’t do anything about the first two reasons, but you can contact each creditor and inquire who they currently report your data to and you can even ask if they’re willing to report to the other bureaus. I cannot say whether they will or they will not, but at least you will know who can and who cannot.

I hope now you have a bit more clarity around why you have three different credit scores.

My name is Edgar DeJesus. I’m the mortgage advisor and branch manager of Treasure Coast Home Loans. 

Today’s market requires you to have a skilled negotiator and consultant, like me, helping you and the people you care about right now.

Call or text, (772) 444-6362, with any questions that will let me separate opinion from opportunity. 

Thank you for taking the time to read my latest real estate and mortgage report.

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