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KJackson50

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A few questions and concerns.
1. Why is my credit score different among the 3 credit companies? It's lower in one, and higher in the others...

2. How am I supposed to raise my credit score if my request for a credit card or loan keeps getting declined?

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1. Each credit bureau receives information from different businesses and, since businesses pay an annual fee to have credit reported on a particular site, few (if any) businesses report to more than one credit bureau.  Checking all three credit reports annually is the best way to make sure that all information on your credit reports is correct so that the credit score will be truly calculated.

Each credit bureau has it's own credit scoring method.  Then there is the commonly used FICO score which utilizes data from all three credit bureaus to calculate a credit score.

2. If your request for a credit card or loan is being denied, it could be due to not having sufficient proven credit history.  You should have received a letter from the company that denied the loan/card telling you what was their reason for the denial and from what credit bureau they obtained the information. You then should request a copy of your credit report from that credit bureau so you can check it for errors and dispute any errors you find.

If the denial was based on a *thin file* it means insufficient credit history.  You can begin building your own credit history with a *secured card* which requires you deposit a few hundred dollars with the card issuer, and that is usually your credit limit.  With careful use and propmpt repayment, you would soon qualify for a 'regular' credit card after developing a sound credit history. 

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