Reply
Valued Contributor
Posts: 1,437
Registered: ‎01-05-2010
0

The Credit Score You See May Differ from What Lenders See, but Does it Matter?

[ Edited ]

Here is what John Ulzheimer (more by this writer) writes on the Credit Sesame website:

"If you have a good credit report, then you’re going to have a good score regardless of the scoring model. If you have a poor credit report, then you’re going to have a poor score regardless of the scoring model. If you have an average credit report, then you’re going to have a middle of road credit score."

As much as I would like to agree, there are considerable gray areas inbetween, as there are differences in the definitions of "good" for reports vs score formulas. The former are fairly bland, while the latter go in all directions.

Are you living within your means?
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.