Can anyone please make sense of the Trans Union scoring models for credit reports?
LittleMomma asked:
I pulled a credit report and the Trans Union score was 740. Two days later, I had to pull a new report – it was the lender’s decision, not mine – and Trans Union dropped their score nearly 50 points!!! I understand they use different models, but can anyone explain this huge drop? There were absolutely no differences in the two reports.
Both reports were pulled for the sake of a mortgage, not auto financing or anything else.
MARQUIS
I pulled a credit report and the Trans Union score was 740. Two days later, I had to pull a new report – it was the lender’s decision, not mine – and Trans Union dropped their score nearly 50 points!!! I understand they use different models, but can anyone explain this huge drop? There were absolutely no differences in the two reports.
Both reports were pulled for the sake of a mortgage, not auto financing or anything else.
MARQUIS