Credit Savvy provides credit scores and credit file information from Experian, one of Australia’s official credit reporting bodies (CRBs).
There are many possibilities as to why your Experian credit score may differ from other CRBs. Key reasons include that each CRB may:
Have their own algorithm and may interpret the data available in a different way; or
Have access to different data as each CRB will have data that is unique to them and not all credit providers submit data to every CRB; or
Use a different scale, for example, some use a score out of 1,000 while others use 1,200.
As a result, you may have different credit scores or ranges at different CRBs and this is normal. To help you interpret what your score means, we also provide a descriptive score band from Below Average to Excellent on your Dashboard. Scores simply act as an indication of your creditworthiness for you and for lenders. A lender may use more than just your score to assess your application.