Why should I check all 3 credit scores?
Mom's Response: You have a very common question. Most people don't realize that the three credit bureau's can have different information and different scores.
The reason you want to check all three is because they could all be different. When applying for a loan, the underwriters (folks that approve the loans) will look at the loan requirement guidelines.
The requirements for different loans and credit cards vary. It could be any combination of the scores, average of the 3 scores, the highest, the lowest, the middle, or any combo of the above.
So by not only checking all three scores
but also all three credit reports, you will have an idea of what the underwriter is looking at.
Yes, they will usually be different numbers and contain different information. Why? Not all creditors report to all 3 of the major bureaus. So what is included on one may not be on another.
In addition, your financial history is dynamic. It is changing all the time depending on when information is reported and included in the calculations.
So it is best to check your scores
and reports on a regular basis.