MyFico Credit Score not very accurate

[nikkiheaven]

I have scorewatch from MyFico.  It seems to be about 21 points off.  I applied for credit at Navy Federal, and they send you your credit score.  My Equifax score was 21 points lower than what MyFico reports.  Sigh...........  I think I'm going to stop paying for scores, and just focus on having the cleanest report possible.

[Ysettle4]

Probably the best thing to do

FYI, myfico provides the EQ 08 calulated score while the EQ site provide the 04 calculated score. I think mortgage lenders use the EQ 04.

[Gerri]

I got my NFCU FICO score today and it was 1 point lower than mine her at myfico so I guess it just depends for each individual. 

[tyhollin]

All scoring models will be slightly different because scoring companies each have their own scoring algorithm. I use myfico because it's what most creditors use when determining credit risk. In my personal experience I find that myfico tends to score me slightly higher.

I use credit karma and myfico and I have found that if I pay my credit card balance to 0 myfico score rises whereas my credit karma score drops. On the other hand, if I open a new credit card myfico drops and my credit karma goes up.

[Superman85]

That much of a difference, they might be giving you TU or EX FICO score and not EQ Fico as myFICO does with scorewatch

[elim]

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@nikkiheaven wrote:

I have scorewatch from MyFico.  It seems to be about 21 points off.  I applied for credit at Navy Federal, and they send you your credit score.  My Equifax score was 21 points lower than what MyFico reports.  Sigh...........  I think I'm going to stop paying for scores, and just focus on having the cleanest report possible.

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  +1