Costco

I recently looked to get financing for a new car and one dealership reported both Experian and TransUnion. The variance in the scores, however, was almost 130 points with the TransUnion score being the lower one.

I've been carrying a balance on my credit card of around $1500 dollars for a while now but in reality it should be only $3-500 but I had saved up a bit because I was paranoid in this downturn. A while back I got my Camaro paid off, but when is my other score just average while the other one is so great? Is there a reason why there's a difference and should I be worried?

Will Y.

It's my understanding that the three companies may have different sources for your credit information, and it varies by region. For example, Transunion has a light file on me-- much less information than Experian. Some businesses report to and rely on just one credit reporting company; others report to all three.

burtonblue75

Any loan you have will show up on ALL 3. They all just have different math...
For instance one looks at your total current debt more than if you have made late on anything. And visa versa.

Every bank is different, some only look at your experian, some only look at transunion. Some look at them both.

You dont have to worry about them being so different, because its going to happen. Credit Unions are always the best way to go.
As for big banks, Bank of America is the only one really putting out some good rates and approvals.

The big thing right now they are looking at is they want to see your current debt load is under 30% of total loan...

If you have a $1,000 credit card, they want to see it just below $333.

What kind of car you looking at buying?