HELP PLEASE ! Credit score doesnt go up

JustinPac

Hi.
5 months ago I've registered with 3 different credit score monitoring websites for 3 different scoring agencies. 
I'm using 3-4 credit cards to build up my credit score. Spending little amounts allways payng back on time in full.
Every month for 5 months my  Experian and TransUnion credit score goes up 5-15 points but Equifax stays exactly the same and even went down 20 points today.
Does anyone knows why that could be happening? Keep in mind I'm never late on any payments, have mortgage, credit cards, loans, everything paid on time so score should go up.

Thank you

sourcrates

The score is not real, its a marketing ploy, used to sell you credit improvement products, its your credit history that`s important, you are doing fine, ignore the score.

jimbo26

JustinPac said:

Does anyone knows why that could be happening? 

The scores are a gimmick, generated by the CRAs. They can go up, down, stay static for any number of reasons. You don't need to fret over the scores as the only person that can see it is you. Lenders are interested in how you manage credit so keep doing what you are doing.

JustinPac

Ok thank you for answers 👍

PaulW922

Experian is good at telling you why your score has changed - it could be how much of your available credit you are using for example. However as others have intimated, these scores are only seen by you and the CRAs. They are a guide for you to understand how potential lenders will see you but that is all. The scores are not provided by the CRAs to anyone else and every lender wills core you according to its own criteria. 

JustinPac

Yeah. I have my experian score at 999 of 999 for last 6 months maybe so i decided to register for another 2 agencies just of curiousity to see how they rank my credit score, because I've heard in the past that to get 100% perfect credit score is very very hard and takes a lot of time even if you do everything perfect at least thats what I've heard from some people from US.  And yes  it wasnt perfect score like experian as i expected, Equifax was 504 of 700 and TransUnio was 610 of 710. in months TransUnion went up by 35 points but Equifax still same. checked 2 days ago Equifax went down 20 points but maybe because i applied for new credit card. will be checking once a mont just to see how its going

JustinPac

Also im wondering when you apply for mortgage which credit scoring agency lenders using? or they using all of them same time

John_

JustinPac said:

Also im wondering when you apply for mortgage which credit scoring agency lenders using? or they using all of them same time

They do not use your score from any of them. They look at the history, what events are actually on your file.

It’s conceivable that they will ask an agency to calculate some kind of score but that will be unrelated to the one which you see.

DCFC79

JustinPac said:

Also im wondering when you apply for mortgage which credit scoring agency lenders using? or they using all of them same time

They can use a mix of all 3 or just 1 or 2.

If you speak to a broker they may be able to tell you who they use but as long as your history is correct then dont worry about which agency they use.

JustinPac

Thank you 

Thrugelmir

One properly run credit card account is sufficient to build history.