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Score Differences Across Credit Bureaus Reflect True Data Differences

“Why are credit scores different for the same consumer across the different CRAs?”  FICO gets that question apparently a lot, and tries to provide some answers in its recent banking analytics blog.

To be most valuable to a lender, a credit score must extract all the predictive power from all of the credit data about a consumer that is stored at that consumer reporting agency (CRA).  This provides the most comprehensive and reliable view of the consumer’s credit risk.

That is a challenging task, but considering that lenders contribute data voluntarily to the CRAs there could be credit score differences across bureaus for a given consumer.   

Joanne Gaskin provides answers to this important issue in her recent blog.  To read the full blog click on this link

Source:  FICO Banking Analytics Block

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