06-22-2007 03:50 PM
06-22-2007 04:00 PM
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!
06-22-2007 05:17 PM
06-22-2007 05:24 PM
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.
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.
06-22-2007 05:26 PM
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.
06-22-2007 05:28 PM
06-22-2007 05:29 PM
Tinka2007 wrote:One said 644, and my FICO says 600.
06-22-2007 05:36 PM
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.
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