Credit Scores Variations
Many consumers wonder why each credit bureau has a different credit score?
are competitors. I like to compare it to Ford, Chevrolet, and Toyota.
They don’t share information with each other and each have different
approaches to collecting credit information. They also have
confidential agreements with lenders. For example, you buy a car here
in Miami from a Miami dealer with not so great financing. This dealer
uses “private financing”, meaning the money comes from investors
living in Brazil, but they still report your payments to all three
credit bureaus. As this is a small operation, they may report once a
month or even take longer. The information may be mishandled and a
late payment may be reported to only two credit bureaus. The other credit
bureau didn’t get the information so your score would be higher with
Another example is that this operation only reports to one credit
bureau. All that good information is not being reported to the other
two credit agencies. This is not common, but it does happen. If that
is the case, then this will cause a variation in your credit scores.
Sometimes, adverse accounts are not reported or judgments appear only
on one credit report. This will also cause credit score variations.
My office is here in Miami. I have been helping people recover their
credit for over 15 years. I have been an attorney since 1990 and
graduated from University of Miami. You can see my full resume on my
It is my opinion that these scores should be different but not
dramatically. If one score is in the low 600’s and the other score is
above 700, I would check all three credit reports. It is possible
that an account appears on your credit report which doesn’t belong to
As always, review your credit reports once a year. If you have
questions or concerns, our firm has a free consultation. Please call
us at 305-860-1221 or send us an Email.