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Whenn I look at my credit scores on TrueCredit the scores are higher than when I look on Identity Guard. Why?*

When I look it up on TrueCredit by Transunion my credit scores in the 550 range but when I look on Identity Guard they're in the 510 range? Isn't that weird? Is it because my TrueCredit report updates more frequently because it's owned by Transunion or is it that Idenity guard doesn't know what they're talking about? Both TrueCredit and Idntity Guard report from all three of the credit agencies. What I'm saying is that they're reporting different numbers from the same agencies. For example TrueCredit says my transunion score is 560 while Identity Guard says it's 510. TrueCredit says my Experian is 552 and Identity Guard says its 506. Get the picture?

Answers:

1) ALL credit reporting agencies have different scores. And to top it all of Experian has just changed their grading scale. Used to reach 850 tops, now people with normal credit are getting 990 scores. There is so much demand for higher scales (the higher the scale the more money they make) that companies are chaging. Mortgage companies do not focus on the scores. They review your reports in detail and make their own decisions. At least that gives you some comfort that scores are not that important - YOUR REPORTS ARE. Keep them clean and pristine. And know how to do it. /

2) First, why in the world would you waste money on not one, but two credit monitoring services? They are a complete waste of money. Cancel both services and use the money to pay on your debts. Second, most third party monitoring services use they own scoring method, referred to as Fakko. TransUnion and Experian will sell you Vantage (scale goes to 990 vs FICO's 850). Bascially, you are comparing apples and oranges. Creditors use FICO. If you want your real, up-to-date FICO scores for all three credit bureaus, go to MyFico.com. But most importantly, don't obsess over your score. Pay your bills on time and check your credit report annually for accuracy. You score will take care of itself. In your case, you probably need about 24 months of consistent, on time payment to see any real improvement in those credit scores.

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