@Anonymous wrote:
My Experian Fico score (from MyFico) is a 640, my mortgage score is 540! Everyone in the forums and pretty much everywhere else say that the mortgage score shouldn't be far off from the fico score. Mine is 100pts off/lower ... How is this possible?
Depends on the data in your reports.
Don't just assume that different models should be the same or similar. There can be quite a bit of variance depending on the details. If you really want to dig into this then don't overlook the Understanding FICO Scoring subforum.
@Anonymous wrote:
All of these different scoring versions and systems are stressful.
Why? If you only look at the numbers and don't understand how report data is assessed then it can certainly be confusing. Don't just fixate on the numbers. Focus on the data in your reports. Any score is generated based on the data in a report. Good reports will lead to good scores.
It is what it is. Creditors/products don't all use the same scoring model so you'll have to educate yourself and consider how a given scoring model is relevant to a given creditor/product versus assuming that you can rely on just one scoring model.
@Anonymous wrote:
I just signed up with creditrepair dot com hopefully they can help me raise these mortgage scores.
I've been searching everywhere online and the mortgage fico scoring system seems to be the one that has everyone confused as to what factors are most/least important.
Don't waste your time and money with credit repair services. This site, these forums and even other credit sites can help. You can educate yourself and assess your own reports. You can also have others give you feedback if you're willing to disclose enough.
