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Difference between TransUnion and lenders score

As per the National Credit Act a credit or service provider may determine for itself any scoring or other evaluative mechanism or model to be used. This means that the TransUnion Credit Score is not the same score that lenders will use to decide if you qualify for credit or a loan.

A credit risk score used by lenders will include not only the credit information held by a credit bureau, but elements requested when an affordability assessment is done, for example your income and expenses, your demographic information, current and past relationship with the lender, collateral etc.