Why do I have different Credit Scores?

As if credit scores weren’t confusing enough, there are a few different scoring methodologies used to generate your credit score and three different credit bureaus that generate scores for you. So while most of us think of our credit score as just one number, the reality is not that simple.

Three Credit Bureaus:

  • Equifax
  • TransUnion
  • Experian

Each of these bureaus may have different information about you based on what financial institutions report information to the bureaus and when they report the information.

Two Scoring Mechanisms:

  • VantageScore
  • FICO Score

You're most likely to see the VantageScore credit score when you enroll in a free credit report or credit monitoring service (like the Upstart Financial Fitness Dashboard). The VantageScore credit score uses the same formula for all the credit bureaus, but you may see different information based on the tool the credit bureau uses.

The Fair Isaac Corporation (FICO, the company) developed a unique model for each credit bureau, which can lead to more discrepancies in your credit score if viewing a FICO score from different bureaus. The FICO score is often used by lenders to price and approve credit.

Upstart Financial Fitness Dashboard displays your VantageScore credit score provided by Equifax.

Both FICO and VantageScore credit scores range from 300-850. Lenders view that higher scores indicate a less risky borrower.

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