credit scores

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MARYQ
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Subject: credit scores

Sun Jan 14, 2007 2:21 pm

I have worked hard to improve my credit score. Last month I ran a 3 credit score from TransUnion. The scores were 543 EQ, 560 EX & 635 TU. The next day I ran my fico scores from the Fair Isaac's website. They were 601 EQ, 661 EX, & 661 TU. Which set of scores would be the one's lenders use? I am not looking to buy a car or home in the near future, but I would like a better rate on a credit card. I have $2000 in the bank now, so, I am not looking for credit just to have it. I have a paid judgement on my report from 2003. Would the chance of getting a major credit card be zero? If so, I would not bother applying. I don't want to a lot of inquiries on my credit report.

peter

Joined: 29 Jun 2006
peter's page
Posts: 22

1495 Magic Points

Mon Jan 15, 2007 7:51 pm

Hi Maryq,

Most of the lenders check all 3 scores and use a median for evaluation of any loan application. And about the paid judgment you had two years back, it won't have that significant affect on your borrowing needs.

Peter

MARYQ
Guest

Tue Jan 16, 2007 5:55 pm

Thank you!

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