Credit Card Center Advertiser Disclosure

Reply
New Member
Posts: 6
Registered: ‎04-28-2007
0 Kudos

FICO vs. PLUS Score...

Can someone explain to me the difference between the FICO and Plus Score???  I've been tracking my FICO and recently viewed my Equifax score using the free credit report website.  It's so confusing, and I'm not sure which one is more accurate.  Ugh!
Senior Contributor
Posts: 4,834
Registered: ‎04-20-2007
0 Kudos

Re: FICO vs. PLUS Score...



Tinka2007 wrote:
Can someone explain to me the difference between the FICO and Plus Score??? I've been tracking my FICO and recently viewed my Equifax score using the free credit report website. It's so confusing, and I'm not sure which one is more accurate. Ugh!



The only scores that matter at this time are your FICO scores. If you see the FICO medallion it is a true FICO score. Nothing else matters.
Regular Contributor
Posts: 165
Registered: ‎03-18-2007
0 Kudos

Re: FICO vs. PLUS Score...

smallfry said it best !!!
New Member
Posts: 6
Registered: ‎04-28-2007
0 Kudos

Re: FICO vs. PLUS Score...

Thanks smallfry!  I'm trying to raise it asap, trying to purchase a house soon. When mortgage companies pull the credit reports are they looking at the FICO scores or is there another score I'm not aware of? I was told that for an interest-only loan the score should be at least 620.
Moderator Emeritus
Posts: 16,382
Registered: ‎03-12-2007
0 Kudos

Re: FICO vs. PLUS Score...



Tinka2007 wrote:
Thanks smallfry!  I'm trying to raise it asap, trying to purchase a house soon. When mortgage companies pull the credit reports are they looking at the FICO scores or is there another score I'm not aware of? I was told that for an interest-only loan the score should be at least 620.


Only concern yourself with FICO scores.  What are your other two scores?  Do you the know the baddies on your reports?  Many here can help you repair your credit (legally of course), resulting in higher scores and better mortgage rates.
Senior Contributor
Posts: 4,635
Registered: ‎03-11-2007
0 Kudos

Re: FICO vs. PLUS Score...



Tinka2007 wrote:
I've been tracking my FICO and recently viewed my Equifax score using the free credit report website.
...
I'm trying to raise it asap, trying to purchase a house soon.
...
I was told that for an interest-only loan the score should be at least 620.


You'll want to take a look at all 3 CRAs, at least the CRs if not the scores.
 
What's your CC util? That's a way you control that you can raise your scores.
 
With subprime lending collapse, talk to a mortgage broker but understand things seem to change frequently. Minimum score this week might be higher next week.
New Member
Posts: 6
Registered: ‎04-28-2007
0 Kudos

Re: FICO vs. PLUS Score...

One said 644, and my FICO says 600.  It seems like a big difference to me, but all still confusing. When I pulled my FICO it said 600 but about 2 wks before that the mtg agent said it was around the 580's mark.
Senior Contributor
Posts: 4,635
Registered: ‎03-11-2007
0 Kudos

Re: FICO vs. PLUS Score...

New Member
Posts: 6
Registered: ‎04-28-2007
0 Kudos

Re: FICO vs. PLUS Score...

I'm sorry one credit site said 644, and FICO says 600, and the broker said I was around the 580's mark.
Senior Contributor
Posts: 4,635
Registered: ‎03-11-2007
0 Kudos

Re: FICO vs. PLUS Score...



Tinka2007 wrote:
I'm sorry one credit site said 644, and FICO says 600, and the broker said I was around the 580's mark.


Broker is likely using one of the various scoring methods that many industries use. You can use your FICO score as a "target finder". Get your FICOs to 640, then the broker should be around 620.
 
If the 644 came from one of the CRAs, freecreditreport.com, etc. then it's a Vantage score or FAKO.
 

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.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* 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.

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.