10-29-2012 08:15 AM
@ sitori... to make a long story short, there are a vast amount of credit scores available out there. The FICO score is said to be the most accurate for lenders trying to manage risk.(aka people not paying their bills) There are a bunch of "spinoff" formulas that diff folks are selling just to make a $. Fair Isaac Corporation is the parent of the FICO score and all the others whipped up formulas to compete in the sales of credit scores.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.
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