11-20-2012 12:01 PM
So im in the process of closing my chase checking acct and opening an acct at 5/3 since that is who services my mortgage. Not to mention if I get the homeowners credit card it can save on my mortgage principle.
While I was in there today the lady asked if I had credit protection and of course started to tell her all about myFICO....she said the offer a service which is basically lifelock but cheaper and it provides you if there are any changes in your CRs and a monthly score from all three CRAs and a sim....blah blah blah...
I asked her if those were FICO scores since there are only a few places to get your actual FICOs, and she told me the absolutely were FICOs..uhh no that's a lie, I began to politely school her on scoring and the different type of FICO scores out there and so on and so forth.
She still swore that the were actual FICO score and gave me the packet. Of course the are NOT FICO score but rather CreditXpert. Its only $6 bucks a month so the monitoring of the 3 CRAs may be useful.
Was anyone had experience with CreditXpert?
Anyone else with a 5/3 checking acct beware what the try and sell you since, (no suspires) the bankers are not really informed enough to give you all the details.
11-23-2012 07:27 PM
I doubt she knows she is incorrect. She probably thinks she is correct and her boss insists it to her, so it mst be true. It's how all the corporations sell info these days.
11-25-2012 10:06 AM
Haha yeah I asked her if the use the TU98, TU04, or the TU08, or if the EQ was the Beacon 5.0 or if the EX was the FICO ll. She said " No we use FICOs" haha.
11-25-2012 10:12 AM
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.>> About myFICO