@jordanhand wrote:I'm trying to get a personal loan for $2,000.
My credit sesame score is 636
credit karma- 620
credit.com- 603
my fico- 541
i understand that fico is the score most lenders use but why are my other scores so much higher? I applied for a loan and it came back saying your fico is 549! And I was of course denied
Does anyone have any suggestions as to where I can get a bc personal loan for 2000? I will pay high interest
Those scores other than the Fico are called FAKOs and no one knows why or how they can be different from FIco since no one bothers to analyze them in any great detail as they are scores developed for "entertainment purposes only" (most say this if you read the fine print). Fico scores can also vary from lender to lender as there are multiple major models of Fico (I.e. year moel 98, 04, 08, etc) and then there are 49 models inside each of those year models (auto. mortgage, generic, bankcard, collection, etc). The reason your FAKOS are what they are is thats the number generated from your credit info in file when the request for the score is received using whatever algorithm they have programmed. I would try a local CU or a well known national CU that assists in rebuilding, DCU would be one.
If it's not too personal what do you need a loan for ? Because honestly with a 549 Fico you might pay 8,000 for a $2000 loan. In some cases it's better to work directly with the problem
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