03-11-2010 11:08 PM
I have this message on my account when I login today. Will this be a true fico score?
I would think the answer will be in the details. Read the information carefully. If you don't see the word "FICO" anywhere when it talks about credit scores I would be very wary and ask further questions.
From a BK years ago to:
7/09 TU-742 EQ- 779
8/09 TU-765 EQ- 783
9/09 EX pulled by lender 802
You can do the same thing with hard work
Credit Scoring 101
Frequently Requested Threads
Credit Problems Which Is Worse?
Whats In Your FICO Score
03-13-2010 07:02 PM
No, it wont.
Any creditor, including CUs, pay a fee under contract to report their activity with the CRA.
So that only covers their credit reporting.
In order to offer credit scores, it may have been part of their contract with the CRA to allow them to provide credit scores to their consumers that were generated by the CRA.
But a CRA cannot authorize a CU to receive scores directly from Fair Isaac.
I cant say that it wont be a FICO score, but I can proffer the opinion that the chances are almost zero.
03-14-2010 07:09 AM
I wonder if it's the Beacon 5.0 (the classic EQ score that we get here and on Equifax's site), or if it's one of the tweaked ones? I know that some CU's use the FICO NextGen scores, causing quite a bit of confusion for forums members who are trying to figure this out.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.