Why do credit scores reported by each credit bureau vary by as much as 50 points? They all use different statistical methods. They all pull their data from one database. They all use the same statistical method. They all contract with one company that calculates credit scores.

Why do credit scores reported by each credit bureau vary by as much as 50 points? They all use different statistical methods. They all pull their data from one database. They all use the same statistical method. They all contract with one company that calculates credit scores.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter4: Going Into Debt

Section4.4: Government Regulation Of Credit

Problem 2R

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Question

Why do credit scores reported by each credit bureau vary by as much as 50 points?
They all use different statistical methods.
They all pull their data from one database.
They all use the same statistical method.
They all contract with one company that calculates credit scores.

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