I continued to be amazed by the way both credit scores differ, and this month the two scores move in opposite directions: in the past month, TransUnion reported my score is 4 points lower, which Eloan reported my score to be 4 points higher.
|
TransUnion |
Eloan |
Difference |
September-03 |
686 |
636 |
50 |
October-03 |
686 |
663 |
23 |
November-03 |
686 |
650 |
36 |
December-03 |
673 |
649 |
24 |
January-04 |
689 |
673 |
16 |
February-04 |
695 |
684 |
11 |
March-04 |
697 |
691 |
6 |
April-04 |
710 |
675 |
35 |
May-04 |
704 |
679 |
25 |
Actually, before getting the scores, I thought my scores will change quite significantly. Why? In the last few weeks, I have complete refinancing and applied for two credit cards (Fidelity Investment Rewards Card and Amex CostCo card). On the other hand, I paid off most of the revolving balance in my ShareBuilder card (0% APR anyway) to see if it can improve my credit score.
From the details both services provided in association with the credit score, I can see probably both picked up my additional credit inquiries, but only Eloan reflected my lower revolving balance. Probably this is the reason why my Eloan score inches up despite more credit inquiries.