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Hi all, as you can see from the number of posts I have, I'm am very new to all of this.
On April 23, I had my credit report pulled by a bank. My scores were (I think, it's early) 589, 599 and 612. This morning I signed up for score watch and my score was 644. My question is: How is that possible? Since that time I haven't resolved any of my credit issues.
Any guidance on how this is all done would be appreciated. Thanks!
Would have to see the CRs to compare if there were any changes. Also could be difference between FICO 04 vs 08.
Good morning, and welcome to the forum! You will learn very quickly that there are tons of different scoring modules, and it can get very confusing. Try not to focus on the numbers right now if you can and focus more on what's on your credit report instead....Good luck to you!
@Ineedaname wrote:Hi all, as you can see from the number of posts I have, I'm am very new to all of this.
On April 23, I had my credit report pulled by a bank. My scores were (I think, it's early) 589, 599 and 612. This morning I signed up for score watch and my score was 644. My question is: How is that possible? Since that time I haven't resolved any of my credit issues.
Any guidance on how this is all done would be appreciated. Thanks!
No one can be absolutely sure as to the differences, but Fico recently changed the Equifax scoring model from the 2004 version to the 2008 version and many individuals, including myself, have seen score increases. Because of the conversion to a newer scoring model, two days ago my Equifax score increased 30 points. I would guess that this is the reason for the score change.
They are just different. Mortgage-lender pulled scores are the only scores that matter if you are applying for a mortgage. I have no idea what one would use scores from other sources for but I suggest ignoring all of them for mortgage application purposes.