Why do credit scores differ?

Over 200 factors of a credit report may be taken into account when calculating a credit score. There are three major credit reporting bureaus – Equifax, Experian and Transunion – and different scoring models that determine consumers’ credit scores. Each model may weigh credit factors differently, and therefore no scoring model is identical. Financial institutions choose the bureaus and scoring models they use. No matter which credit bureau or credit scoring model is used, the following credit ranges remain consistent:




781 - 850


661 - 780


601 - 660


501 - 600


Below 500

SavvyMoney Credit Score gets credit histories from TransUnion and uses the VantageScore credit scoring model. Because it was developed collaboratively by the three major credit bureaus, VantageScore seeks to make score information more uniform between the three bureaus to provide consumers a better picture of their credit health.