12-12-2012 06:01 PM
I'm really wondering what the deal is with Experian?!?!? Their score is almost almost 60 points different than the others. I have checked all 3 reports and they are reporting the same thing!! What gives??
12-12-2012 06:05 PM
I'm going to post my own thing, but I hear you. But, I will say this, it is NOT their fault I filed BK, etc; however, I will say that it sucks that I just received my Experian score of 530 when my FAKO CreditKarma Score is 628 (not that that is good). Needless to say, I have a long, long, long way to go. Booooooo
12-12-2012 06:10 PM
12-12-2012 06:13 PM - edited 12-12-2012 06:14 PM
EX scores are a giant mystery. They do not sell any model of FICO scores to consumers, so what you are getting is a FAKO. They can be +/- up to 100 points off in some cases. They can be dead on in some cases. The only thing you can do it clean your report as much as possible, get a FICO EQ and TU every now and again and assume your EX is in the neighborhood of those, assuming your profile is similar or the same bureau to bureau. If have a pull done at a bank for a loan of some sort, they can generally tell you what your score was, and what model they pulled. Additionally, if you are ever rejected for credit, or given less than advertised rates based on your EX score, it is required of the creditor to provide you with the scoring they used as a basis.
Bottom line: Don't worry about your EX score, it's not real anyway. Focus on the content of your profile instead.
As an example, here are my EX FAKO scores from three different sources:
Credit Sesame: 663
Eliminate ID Theft: 684
|Chase Freedom $9500|
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
|Lowe's CC $8500|
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
12-12-2012 07:54 PM
It seems that TU is mostly used by the majority of lenders that I am going after, so as long as this doesn't change the other CRA's can shove it lol. I really wish there was more insight to the scoring models but I won't hold my breath.
12-12-2012 08:06 PM
Im still surprised that the feds havent tried to step more into this realm of banking. You would thought after the lending crisis they would had done something (I'm glad they havent but just surprised).