Hi again everyone!
I am building a house and have been pre-approved for a mortgage. The lender just sent me a report that shows all of my credit scores. I am a little confused about the scoring systems...
TU - Score Model: FICO Risk Score, classic 2004
EQ - Score Model: FACTA Beacon 5.0
EX - Score Model: Fair Isaac Redeveloped (FICO 2)
What do these mean? I thought FICO was just FICO? Are there different types of FICO's? What about the FACTA? Is that a FAKO? I thought EQ used FICO? I'm confused!