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07-21-2013 12:14 PM
So I recently signed up for myfico and it gave me my score as a 648 from equifax. Then Paypal Bill me later reported I had a 523 from equifax. Odd to me. Has anyone else had this sort of an issue?
07-21-2013 12:50 PM
What were the score ranges? Even though it was pulled from EQ, doesn't mean it's a FICO from EQ. They probably have an inhouse score, or maybe even use your FICO and then merge it with their own scoring system.
07-21-2013 01:04 PM
Wow....that's quite a difference....
07-21-2013 01:14 PM
Actually, not so different in the scores.
GE backs their cards, along with many other cards. They have a different scale range than FICO does.
07-21-2013 01:16 PM
Well in the letter stating why I was not approved it stated that I had an Equifax FICO of 523 and myfico had me at 648 at that current time. It has since dropped to 612 in the last week with a new collection and that inquirey added to it. FML
07-21-2013 01:19 PM
I had the same thing happen with me and my GE backed Walmart card. They had me in the 500s and FICO had me in the 700s. When I contacted them, they said they used my FICO score alongiside their own system and had a custom score.
Whether that's true or not, I have no idea. But their range was different, it only went to 660 or so and FICO goes to 850