Equifax vs Experian
I have noticed a great discrepancy between the two companies. Experian has my bank details, past credit and my electoral roll details but, despite sending letters and a copy of my Experian statutory report, Equifax have only my Virgin Media account on my profile. Which do you use as it appears that Experian is more thorough?
January 14, 2021
In the UK, there are three main credit reference agencies – Equifax, Experian, and TransUnion. Each of these agencies has a different scoring system and uses different information to determine your credit score. It’s not unusual for your score to be different with each of these agencies.
At CarFinance 247, we work with a panel of lenders who use different credit reference agencies to determine whether they can approve you in principle. As you can’t be certain which of the three agencies your lender uses, it’s good practice to check your credit score at all three. This can be done for free by heading to Credit Karma (which uses TransUnion data), ClearScore (which uses Equifax) or Credit Club from MoneySavingExpert (using Experian data).
Find out more about credit reference agencies here