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Frequent Contributor
CreditBob
Posts: 498
Registered: ‎05-01-2007
0

Scores lenders are using

All of my creditors are using the fico score that is generated by Fair Isaac aka MYFICO. The vantage score is just a scoring model that is used only between the credit bureaus themselves. So when my credit union sees an Equifac score of 700 I will see the samething on MYFICO.
Member
powerup
Posts: 47
Registered: ‎07-18-2007
0

Re: Scores lenders are using

You should see about the same thing. The Vantage scoring model isn't used enough yet. I don't know it will be. So the scores should be the same.
Moderator Emeritus
fused
Posts: 16,373
Registered: ‎03-12-2007
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Re: Scores lenders are using



CreditBob wrote:
All of my creditors are using the fico score that is generated by Fair Isaac aka MYFICO. The vantage score is just a scoring model that is used only between the credit bureaus themselves. So when my credit union sees an Equifac score of 700 I will see the samething on MYFICO.


Yes, EQ scores from their website and EQ FICO scores are the same. Not the case with the other two CRAs though.
Credit Profile -
FICO 08 Scores (11-08-2014): EQ 818, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1


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