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Myfico EQUIFAX VS WHATEVER EQUIFAX

New Contributor

Myfico EQUIFAX VS WHATEVER EQUIFAX

Today I pulled myfico and my eq score is at 636. I went with my hubby to buy a car and the salesman told me my eq score is at 590. WOW! That is a 46 point difference. I thought myfico is authentic. Please help because I am so discouraged. I have been working on my credit for a minute and I actually thought I was doing something.

5/13/13 EQ 636 (Myfico), TU 660 lender pull , EX 640 lender pull
Barclay Rewards MC $2300, Cap One $750, Walmart $800, Macys $2000, Lane Bryant $600.
Message 1 of 5
4 REPLIES
Moderator Emeritus

Re: Myfico EQUIFAX VS WHATEVER EQUIFAX

Hi!

 

Welcome to myFICO forums!

 

It is true that auto dealers pull an "Auto Enhanced" FICO.  You can find more information on that here.

 

In the meantime, I recommend that you join a credit union such as Digital Credit Union, or even a local credit union.

 

Credit unions are more likely to rely on a straight FICO instead of an Auto Enhanced Fico when determining approval.

 

Best of Luck!


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



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Message 2 of 5
Established Contributor

Re: Myfico EQUIFAX VS WHATEVER EQUIFAX

There are so many versions of FICO that unless the lender uses this version, they will never be the same score. What does this mean? There really is no point in buying your FICO lol. Just use some low cost CMS and gauge your progress that way. I use mycreditinform that comes with cap one secured card. The score has steadily rose up as my credit goes better. I know the score isn't even FICO. But what's the difference if lenders doesn't even use the version provided on this site? 

Message 3 of 5
New Contributor

Re: Myfico EQUIFAX VS WHATEVER EQUIFAX

Thank you Webhopper, I appreciate the info it calmed me. I was upset because I thought my work was in vain. Smiley Happy  I will check into the CU.

 

Samsung, myfico has been somewhat accurate when I have used it outside of the auto industry. I guess it can be a toss up sometimes.

 

5/13/13 EQ 636 (Myfico), TU 660 lender pull , EX 640 lender pull
Barclay Rewards MC $2300, Cap One $750, Walmart $800, Macys $2000, Lane Bryant $600.
Message 4 of 5
New Member

Re: Myfico EQUIFAX VS WHATEVER EQUIFAX

So you recently received credit from all that you list?

Message 5 of 5