credit score

[Anonymous]

where do u get your actual credit score that lender pull

[meehan22]

Banks pull from a wide variety of different Fico score models. There isn't a 1 fits all pull. 

From what I've read is MyFico's Equifax pull is pretty close to what most banks pull. 

But depending on what lenders use for a score model your score can be a bit different. MyFico gives me 702 and BarClay gives me 630 something. 

[Gunnar419]

---

@meehan22 wrote:

Banks pull from a wide variety of different Fico score models. There isn't a 1 fits all pull. 

From what I've read is MyFico's Equifax pull is pretty close to what most banks pull. 

But depending on what lenders use for a score model your score can be a bit different. MyFico gives me 702 and BarClay gives me 630 something. 

---

+ 1

Even within FICO, there are dozens of different models, including auto enhanced and mortgage enhanced scores plus of course different scores from each of the three major bureaus. As meehan says, the MyFico EQ score has a reputation for being the most typically "right" one, but the scoring model is in the process of being changed, so even that may change.

Best thing you can do is look at as many FAKOS and FICOs as you can and sort of get an average idea. Then if you're going to app for something big and important, know which bureau the lender is likely to pull from and get the most current FICO score you can for that bureau (or all three bureaus if you're apping for a mortgage).

[mccallb]

Even fico has several models and revisions.  But I would say, whatever fico you get from this website, will give you a much better idea than a vantage score or some FAKO score you get from a monitoring service.

[axxy]

If we had a federal law requiring that all credit scores be computed by the same forumla, and that the formula be published so everyone would know exactly how their scores were calculated, would that solve all the problems?

[meehan22]

---

@axxy wrote:

If we had a federal law requiring that all credit scores be computed by the same forumla, and that the formula be published so everyone would know exactly how their scores were calculated, would that solve all the problems?

---

My libertarian side says no, haha. Let banks use whatever score models they choose since they are the ones willing to loan you 1,000 or 1,000,000.  

Keep your nose clean and will never have any questions when it comes to getting credit pulled.