     Christine Baker (Admin) | Wednesday, April 18, 2001 - 07:40 pm 
From an e-mail I got today:
"I recently pulled my Equifax Credit Report and have a BEACON Score of 745.
After applying for a mortgage they told me that my Experian Score was 501 and my Trans Union was 588."
While this is an extreme example, 100+ point variations are very common.
If you're looking for a mortgage or your credit and/or scores are important for whatever reasons, don't make any assumptions based on your Beacon score.
A SINGLE incorrectly reported account can easily lower your score by 50+ points.
DO review all 3 reports - dispute any obvious problems - LONG before you want to buy!
If you have inaccuracies wait until the disputes are processed and then get ALL your scores from a mortgage broker. |
