@Anonymous wrote:I have an example of myFICO Equifax Fico score being different from my Equifax Fico number direct from Equifax. I purchased the Fico number from the Equifax web site. That number was 600. I then ran my Equifax FICO score on myFICO and it was 576 (ugh). I did it within 5 minutes of each other.I recently had a balance go down on a CC and wonder if this is just a timing issue. Does myFICO refresh their data on a regular basis? Many thanks!!!
It is confusing, for sure. They are different scoring models. MyFICO here uses the EQ 08 model, but the Equifax FICO that you can purchase from them (make sure it's a FICO and not just their "credit score") is the EQ 04 scoring model. They look at the same information on your credit report, but provide a different result by scoring things differently.
Thank you so much for replying. It is definitely not their FAKO score because that is like 30 points higher then the FICO score they gave me. I wish the FAKO's were my real ones. I know many car dealerships use the auto enhanced score but do you happen to know which version of the FICO score typically is used @ Credit Unions for auto loans? Is it the same verison MyFico uses (EQ 08 )? Is there no way of knowing? Thank you SOOOOOO much. 
@Anonymous wrote:@Thank you so much for replying. It is definitely not their FAKO score because that is like 30 points higher then the FICO score they gave me. I wish the FAKO's were my real ones. I know many car dealerships use the auto enhanced score but do you happen to know which version of the FICO score typically is used @ Credit Unions for auto loans? Is it the same verison MyFico uses (EQ 08 )? Is there no way of knowing? Thank you SOOOOOO much.
There really isn't any way of knowing, unless you happen to ask someone there and they a) are willing to share that with you and b) actually know the answer to that question. If you know a specific CU you want to know about, you can probably narrow it down a little bit. For example, DCU pulls EQ. But credit unions as a group pull all three CRAs and many different models.
@MarineVietVet wrote:
@zostar22 wrote:My experience with the different scores when I was refinancing my house in September 2014 are listed below: Shows lender score vs. myfico score pulled on same day
Experian- 716 (725 score from myfico website) -9
Transunion- 714 (699 score from myfico website) +15
Equifax- 706 (679-my fico website) -27
Something else to be aware of. Mortgage lenders use a FICO scoring model geared toward that particular type of debt.
So do lenders of car loans and CC issuers.
Auto lending absolutely uses auto-enhanced scores; however, the vast majority of mortgage lending at least for primary scores dictated by the GSE's are still EQ Beacon 5.0, TU Classic 04, EX Risk Model v2... these are still the baseline scores albeit a mortgage is still likely the tradeline equivalent of the 5 star Michelin ranking, is that what you're referring to?
@jones2929 wrote:This has been a great resource to use. I was wondering if anyone knew how accurate the scores on this site are. I have a 698 for TransUnion and Equifax. If I apply for a refinancing, they have told me that I need to get to 700. I think I can do that in a month or so by paying down another credit card fairly significantly. However, I don't want the bank to pull my scores until I am pretty sure that they are at 700. How confident can I be a 700 on this site will equal a 700 on something pulled by a lender? I have 710, 716. 724, and 742 on other sites, but I know those are FAKOs and I really don't have any faith in them (although they are fun to look at and review).
Thanks in advance.
I assume you're talking about a mortgage refinancing.
Mortgage lenders would almost never pull FICO 8 scores, which are the scores that appear on your MyFICO dashboard.
Mortgage lenders usually pull your mortgage scores from all 3 bureaus, take the middle score, and go with that.
In order to find out your current mortgage scores, you need to pull your 3B report and look at the mortgage score versions.
@Anonymous wrote:
It's all a scam!!!! They collect your money to give you "results" that we think are being utilized by the banks, but the scores are VERY inaccurate. Like another user, I used this website to attempt to monitor my scores and clear up disputed information for refinancing purposes, just do find out...the banks scores were 50-100 points less than what was revealed on MyFICO. A colossal waste of time and money!!!
Sorry to hear you are disappointed. Perhaps you didn't read through the thread? It can take some time to absorb the differences in what drives the scores. But it is not a scam, it's just complicated.
If you were using FICO 8 scores, which are the common headline scores discussed here, to "optimize" that would be to optimize for credit card applications.
For refinancing a mortgage, as others noted in this thread a few years ago, and that advice still applies, those score models are different. Those score models are available on the MyFICO 3B quarterly updates, but you have to get past the FICO 8 Headline score to get to the Mortgage scores, and understand what you are seeking.
In general, mortgage score results are tougher (lower scores) than the FICO 8 models.
