Banks that typically use Equifax data
- Discover it Cash Bank.
- Discover it Balance Transfer.
- Discover it Miles.
- Chase Freedom Flex.
- Chase Unlimited Freedom.
- Chase Slate Edge.
- Citi Double Cash Card.
- Citi Premier Card.
In this post
Who uses just Equifax?
PenFed Credit Union is the only loan company that uses only your Equifax credit data. In most cases, you won’t be able to determine beforehand which credit bureaus your lender will use. In some cases, lenders will pull your credit report from two or even all three major credit bureaus.
Which credit bureau is used most by lenders?
Although Experian is the largest credit bureau in the U.S., TransUnion and Equifax are widely considered to be just as accurate and important. When it comes to credit scores, however, there is a clear winner: FICO® Score is used in 90% of lending decisions.
Do lenders check Equifax or TransUnion?
Answer provided by. “In general, lenders have a preferred credit report between Equifax, Experian, or TransUnion. However, they may pull more than one credit report if they can’t determine if you qualify for a loan based on one.
Does Capital One use Equifax?
Capital One appears to use all three major credit bureaus—Equifax, Transunion and Experian.
Does Chase use Equifax?
The credit bureau Chase uses for approval is mainly Experian, according to customer service. However, it’s possible for Chase to use any of the three major credit bureaus to evaluate credit card applications for approval: Experian, TransUnion and/or Equifax.
Why is my Equifax score higher than TransUnion?
The credit bureaus may have different information.
And a lender may report updates to different bureaus at different times. So, it’s possible that Equifax and TransUnion could have different credit information on your reports, which could lead to your TransUnion score differing from your Equifax score.
Navy Federal normally uses TransUnion for credit card applications. However, they may pull an inquiry from any of the three major credit bureaus (Equifax, TransUnion, and Experian) when evaluating a credit card application.
What Bureau does Citi pull?
Citi partners with FICO and Equifax, one of the major credit reporting agencies, to be able to provide you with your FICO® Score. How often is my FICO® Score updated on Card Benefits? Citi gets a refreshed FICO® Score on a monthly basis. The “as of” date represents the date the score was pulled at Equifax.
What’s more important Equifax or TransUnion?
Is TransUnion more important than Equifax? The short answer is no. Both TransUnion and Equifax are reliable credit reporting agencies that compile reports and calculate your credit scores using different scoring models.
What is more accurate TransUnion or Equifax?
Neither score is more or less accurate than the other; they’re only being calculated from slightly differing sources. Your Equifax credit score is more likely to appear lower than your TransUnion one because of the reporting differences, but a “fair” score from TransUnion is typically “fair” across the board.
What is a good Equifax credit score?
670 to 739
Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.
Which credit bureau does Walmart use?
Which Credit Bureau Does Walmart Use? Walmart pulls information from all three major credit bureaus — TransUnion, Equifax, and Experian.
What credit does discover use?
Discover may pull from any of three major credit bureaus: Experian, Equifax and TransUnion, but it appears based on consumer-reported data the bank leans heavily on Equifax to source many credit reports, followed by Experian and TransUnion.
What score do you need for Capital One?
A: The Capital One Platinum Credit Card is deshigned for fair credit, so you may need a FICO credit score of at least 580 to qualify. But it’s possible you’ll be approved with a lower score.
Who does AMEX pull from?
Experian
Which Credit Bureau Does American Express Use? American Express appears to primarily pull credit reports from Experian, but this doesn’t mean it doesn’t occasionally pull from one or both of the other major consumer credit bureaus as well.
What Bureau does Wells Fargo pull?
Wells Fargo uses all three major credit bureaus: Equifax, Experian, and TransUnion. Either one or more credit bureaus may be used when evaluating a Wells Fargo credit card application. Cardholder reports suggest the state you live in may factor into which credit bureau Wells Fargo uses when it pulls your credit report.
What credit score does Citi use?
Experian is the most commonly used source that Citi will draw a report from, but there’s no guarantee that they won’t decide to pull a different or additional report from another reporting agency. If you’re not certain your score is good enough to be approved, you can work on improving your credit.
Do car dealerships use TransUnion or Equifax?
In conclusion, auto lenders use Equifax and Experian the most, while TransUnion is less used for auto loan credit checks, at least in some parts of the US.
How many points is Credit Karma off?
Credit Karma touts that it will always be free to the consumers who use its website or mobile app. But how accurate is Credit Karma? In some cases, as seen in an example below, Credit Karma may be off by 20 to 25 points.
Does Credit Karma show your real credit score?
The credit scores and reports you see on Credit Karma should accurately reflect your credit information as reported by those bureaus. This means a couple of things: The scores we provide are actual credit scores pulled from two of the major consumer credit bureaus, not just estimates of your credit rating.