Equifax is among the top 3 credit bureaus, they offer an amazing service. You can secure your credit information with equifax with just a click. If you need to stay off credit identity theft, credit fraud, then securing your credit with equifax is what you should endeavor to do.
Transunion on the hand also offers sames service like equifax, however, you need to take note of the difference between transunion and equifax now.
Calculating Credit score
There’s no difference in how equifax and tranunion calculate credit score. Equifax provides FICO® and VantageScores. The most current FICO® and VantageScores range from 300 to 850. Same thing goes with transunion.
From the information we’ve gathered, we got to know that TransUnion generates FICO® Scores, and VantageScores. They also provide an accurate company-specific educational scores, and business scores.
You have to know that equifax and transunion collects same information from customers, but they process in different ways.
What is the difference between transunion and equifax credit score?
First, you have to understand that equifax and transunion collects same information, but they process them in different format. These two companies operates in different ways, but they still have one thing in common.
The major reasons why you see some difference in your credit report is because of their reporting styles.
Secondly you need to understand that both human and machine errors can lead to inaccurate reporting.
Hope you’ve sen the major reason why it seems as if there’s huge difference between transunion and equifax credit report? If you have questions, kindly comment below now.