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Equifax scoring vs myfico

New Member

Equifax scoring vs myfico

What is the point of getting myfico instead of Equifax? It is the same score, so I don't understand. With Equifax you can update your score everyday.
12 REPLIES
Senior Contributor

Re: Equifax scoring vs myfico

Equifax will give you FICO scores but also give you a non-FICO score.  Make sure you are getting one of their products that provides a FICO score.  I haven't looked at them in a while, so maybe you have already checked that.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


Take the FICO Fitness Challenge
New Member

Re: Equifax scoring vs myfico

Thank you I didn't know that. I guess I will call them and ask them what exactly I'm paying for.
Senior Contributor

Re: Equifax scoring vs myfico

What's the name of the product?

 

ETA: http://www.equifax.com/all-products/  Look at the bottom.  You'll see the ones that give you a FICO score.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


Take the FICO Fitness Challenge
New Member

Re: Equifax scoring vs myfico

I am not sure I can check. I know I pay 16.95 a month, they give me credit alerts and updates of my credit score. I will check the name of it.
Senior Contributor

Re: Equifax scoring vs myfico

See edit above.  If you can refresh the score every day, I doubt it's a FICO score.  It's probably their Equifax Credit Score, which is a FAKO.  See the fine print below the products on this page:

 

http://www.equifax.com/compare-products/

 

"Unless otherwise noted, any credit score provided as part of the products described herein makes use of the Equifax Credit Score. Click here to view products that feature the FICO® Score"


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


Take the FICO Fitness Challenge
New Member

Re: Equifax scoring vs myfico

Its the complete Equifax advantage score.
New Member

Re: Equifax scoring vs myfico

Can I ask them to change that? I just got a discover card and they sent me my FICO score with it. The FICO score was higher then the Equifax.
Senior Contributor

Re: Equifax scoring vs myfico

Not a FICO score.  Use it for the reports but ignore the score and ignore the advice that comes with it about how to improve your score.

 

For a credit monitoring service, it's not bad, but there are probably some cheaper options.  I like eliminateidtheft.com.  It allows daily pulls for all three reports.  I signed up for the plan for $180 per year by paying it all at once and it allows for my wife to pull as well. So basically $15/month for both me and my wife to pull all three every day.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


Take the FICO Fitness Challenge
New Member

Re: Equifax scoring vs myfico

Oh, that's great advice thank you.