Rebuilding Your Credit

[LoveGoodCredit]

Yup, I mean at least I can get an idea about where I am with this stuff.  I am really working it.  NOW I will do two more PFD and that'll leave two.  The two left are from almost 6 years ago.  GOD i wish I had done this sooner.

[rckstrscott]

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LoveGoodCredit wrote:

Yup, I mean at least I can get an idea about where I am with this stuff.  I am really working it.  NOW I will do two more PFD and that'll leave two.  The two left are from almost 6 years ago.  GOD i wish I had done this sooner.

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I mean, you can always purchase a FICO from here... at least the Equifax is stlil what lenders use.. so you could have a feel for what THAT score is at least

-scott

[LoveGoodCredit]

Yes I do get them from here.  My equifax is horrible but thank god for middle scores. 

[calihlove75]

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LoveGoodCredit wrote:

My experian jumped 33 points and is up to 622 PTL!   But, is it accurate?

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I know it varies but in my case credit sesame is near identical to my EX fico according to Amex.

[LoveGoodCredit]

I do know I checked my experian report and they did a pull when mine was updated.  CreditKarma is accurate.  I called Transunion and got my score from them because I am on a trial period for their monitoring system and  their score was the exact same as creditkarmas vantage score.  In fact they both changed the same day.

[somnipotent]

I use CK and CS as temprature gauges weekly and pull myFico once every 3 months for a snapshot.  CK has been more or less 10 plus/minus.  CS, not so sure.

[CreditSesame]

Hello everybody, I work for Credit Sesame and wanted to let you know that we use a score known as the Experian National Equivalency score. This score comes directly from Experian and is intended to give you an overvall view of your credit standing. Considering there are 49 FICO scores available, it is rare any two scores will be the same. 

Instead of viewing only the score, we recommend also viewing the category your score falls in (Fair, Good, Excellent etc.) to get a better understanding of your credit rating.

Feel free to use me as a resource for any Credit Sesame related questions. 

[rckstrscott]

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CreditSesame wrote:

Hello everybody, I work for Credit Sesame and wanted to let you know that we use a score known as the Experian National Equivalency score. This score comes directly from Experian and is intended to give you an overvall view of your credit standing. Considering there are 49 FICO scores available, it is rare any two scores will be the same. 

Instead of viewing only the score, we recommend also viewing the category your score falls in (Fair, Good, Excellent etc.) to get a better understanding of your credit rating.

Feel free to use me as a resource for any Credit Sesame related questions. 

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The quesiton was; how accurate is the score?

FICO scores, are used by lenders. Can you point out a lender that uses the Experian National Equivalency score?

The score provided is not used by any lender and should be used for educational purpose, and therefor, has a 0 percent accuracy in my estimation because it used by 0 percent of lenders. 

While it is true that there are 49 FICO scores, less than 10 are used on a regular basis, and a small amount of education will help you make decisions on which FICOs are most used and in what terms.

I don't think the question was is Credit Sesame a worthwhile site, or if you should use it to vaguely guage credit worthiness. On this forum,  a Fico forum, when people ask if a score is accurate,  they are comparing it to a FICO.

-scott

[timotiger]

CreditSesame, thanks for joining. You will be an invaluable resource. Thank you.

[GregB]

CreditSesame,

I would also like to thank you for joining and being a resource.

I think the benefit of CreditSesame.com is in the information in the reports and the ways to get better deals on replacement or new financing.