Difference with Equifax and Experian

ernie100

Anyone know why there is a huge difference between Equifax and Experian? My Equifax rating is Excellent compared with a Fair rating on Experian.

ben1985

Hi there,

Not really sure if there is a major difference. In my own opinion I would trust Experian more. I believe they are used a lot by by companies, not sure whether it's because they are cheaper or better, but Experian's always been the one for me:rolleyes:

Regards

Ben

YorkshireBoy

ernie100 wrote: »

Anyone know why there is a huge difference between Equifax and Experian? My Equifax rating is Excellent compared with a Fair rating on Experian.

Are these 'ratings' obtained directly from the agencies or via a third party such as checkmyfile?

ernie100

Direct from themselves

YorkshireBoy

Does your Equifax report contain a lot more data than the Experian report?

Are there errors on either of the reports?

ernie100

Nope the Equifax contains a lot less!

YorkshireBoy

Well that just confirms my (and others') belief that these 'ratings' (and scores) that you pay for from these agencies are worthless!

oli_ro

YorkshireBoy wrote: »

Are these 'ratings' obtained directly from the agencies or via a third party such as checkmyfile?

Good point, its worth mentioning that sometimes companies like checkmy file don't have access to the all the credit profile details from experian and they give a score for partial information which is very misleading.

paige13_2

Hiya

My Experian score is 900, showing as "Good". But my Equifax is 298, showing as very poor. This makes no sence to me either..

naijapower

Forget all the credit score business. It is a waste. Simply review your file yourself. It is easy to tell if it is good or bad. e.g. if you have too many recent searches, it doesnt put you in good light.
As stated on this post, most lenders prefer to use Experian....Dont ask me why