02-13-2013 05:01 PM
The temptation is strong. I think I will subscribe to these ones at the end of the billing cycle of my FAKO's. They really should have been more clear that it wasnt the real scores that they were pushing me. I just dislike the thought having to repeatedly buy my reports.
02-13-2013 08:01 PM - edited 02-13-2013 08:02 PM
I used to preach this all the time, when I was active in the community. There aren't as many commercials about credit scores as there used to be, but these companies make money off of selling their FAKO scores. Why would they make any mention of the fact that they aren't worth the paper that they are written on to anyone but them? They are taking advantage of the market for credit awareness. I use a CMS ONLY to see the content in my CRs. I never bother with the scores. If they say credit score, then you are likely dealing with a FAKO, as they cannot use the FICO name.
Edited for punctuation.
02-13-2013 08:27 PM
I know, its extremely misleading. The bad part is that I went specifically to the CRA websites and still have FAKO's. The only useful part is being able to refresh my report daily.
02-13-2013 08:33 PM
02-13-2013 08:39 PM
Equifax doesnt give the real score anymore. This is directly from their site.
Both the Equifax Credit Score and the FICO Score are general-purpose score models used to predict credit risk. The Equifax Credit Score is a proprietary model created by Equifax. The FICO Score is a proprietary model created by Fair Isaac Corporation (FICO) . All Equifax consumer services and tools make use of the Equifax Credit Score unless otherwise indicated.
02-13-2013 08:45 PM
02-13-2013 08:51 PM
02-14-2013 12:07 AM
EQ does still sell their score, and it is their Beacon FICO score. The exact same one that a mortgage lender or such will pull. TU98 is available here, and Tu08 is available if you have a Walmart CC and set up paperless billing. You can't purchase a TU04. EX doesn't allow the consumer to purchase their FICO score, however there is a CU in Pennsylvania that provides it to their customers.
02-14-2013 06:24 AM
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.