05-22-2012 02:25 PM
I have been tracking my scores all through 2011 and 2012. I get my Experian FICO through PSECU and Equifax FICO through DCU both monthly and my Transunion FICO through myFICO every other month or so.
The scores I had gotten at the beginning of May were as follows:
I felt like my scores were finally good enough for the lowest possible mortgage rates and today (5/22), I put in mortgage applications with two banks.
The gentleman working on my application told me my scores from the tri-merge report are as follows:
802, 759 and 752.
It is very frustrating feeling like you are making these applications with an advantage of knowing your scores. The score that counts the most (the middle one) was actually quite a bit lower than what I expected it to be and the scores will go down as I acquire more inquiries.
I guess the bright side is that I had one score in the 800's, but the 800 score won't count for anything because lenders use the middle score. I know it probably won't be that big of a deal when I look back on this experience, but it would be nice to know that you had the same info the lenders were going to see.
I guess it is just messing with my confidence a little.
05-22-2012 03:04 PM
After confirming which versions of scores your lender pulled your next step would be to see what info changed in your reports from the time you got your scores and then the date your lender pulled. It might be something as simple as a credit card balance reported and messed with utilization. An easy fix. The TU score from your lender was probably the newer TU 04 and the EQ score should be same version you get here. Which would mean that something in your reports changed that changed your score in between your pull and the lender pull.
But, as stated, even your mid-score qualifies you for the best rate.
05-22-2012 03:53 PM
I'm sorry .. but I don't know that I understand why you're so frustrated. Your scores are well above what lenders are looking for ... maybe I missed something??
My thoughts exactly
05-22-2012 03:58 PM
The point of the post was the frustration with the various fico scores and inability to obtain certain versions, the same frustration we all have about them and not knowing where we truly stand. Or thinking you know where you do stand and learning otherwise. Just because OP's scores are high doesn't mean they can't be frustrated just like someone who has lower scores.
05-22-2012 04:05 PM
I was told 760 and higher qualifies you for the best rate and I am just shy of that. I am frustrated because I went into the application thinking I had closer to a 776, not under 760.
Nothing has changed on my reports, I waited until all accounts updated to apply. The difference is in the formulas/versions used, but I didn't have access to the TU04 version so I didn't know that it would be 17 points lower than the TU98 version I was acquiring here on myFICO.
I know I will get a good rate, but that is a decent size point difference that I am being judged by and I would like consumers to be allowed to access and track that same score. I might have waited if I had known.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.