@scorepower wrote:
Credit chekc is showing it as FICO score 8. I guess my quesiton is are these real FICO scores that lenders pull? I want to have a baseline and wondering if these are accurate so i can use this as a baseline for my repair journey.
A FICO is a FICO. A score cannot be called a FICO if it is not acutally a FICO. FICO is a registered trademark of the Fair Isaac Corporation and FICO scores are their products. However, not all FICO models are equivalent. A FICO 8 is a FICO 8 regardless of source. A FICO 8 is not the same thing as a FICO 4, FICO NextGen or even FICO 8 Bankcard, for example.
All scores, whether FICO or FAKO, are accurate but only for their own model. You cannot use a score generated by one model to determine a score generated by another model. FICO 8 is the most commonly used FICO model but not all creditors use FICO 8. See also the Understanding FICO Scoring subforum and its stickies for info on the various FICO models used by creditors. If you want to know what number a creditor will pull for you then you need to know the model and CRA used by the creditor and then go and pull that specific score, if possible.
You can use any model you want to monitor progress but you should really learn to assess your own report data versus relying on specific numbers. To repair your credit you'll need to be able to identify and address deficiencies anyway.
@scorepower wrote:
This would explain why capital one has been so generous with giving me credit cards with decent credit limits.
It's not about generosity. It's about risk assessment. You credit profile and income determine the limits, etc that you qualify for. Some creditors have more lax approval criteria than others but that's not generosity.
It's also never just about score.
