About 90% of the top lenders use FICO® scores to make lending decisions. According to FICO, the information on your three credit reports could vary because:
➜➜Lenders are not required to notify all three credit reporting agencies—or any of them.
➜➜Each agency processes data differently.
➜➜Even if one FICO score is high, you could be dinged by one of your lower scores.
➜➜Each lender uses different criteria to evaluate credit scores.
➜➜Lenders usually report account performance once a month, but not necessarily at the time you pay your credit card bill.