Basic question: Is the My Fico scoring system accurate if you use the exact model that a bank does? My CU pulls TU Fico Auto 09 (manager told me), and I want to know if the fico auto 9 score on my account will match / be close to accurate, or will it be behind / delayed, lower , higher, etc. detials below...
Short description of my situation as context: 11 months since discharge from ch7. Hit rough times shortly after, which made re-building credit a tough thing to do, but now stuff is looking good. Doing everything by the book. got a small limit secured card I pay off each month, I have a high interest car loan I've never missed a payment on since bankruptcy, and I have a credit re-builder loan which I pay into each month (720credit program) , and this "responcible" usage has been a trend now for about 4-5 month, so now my score is finally coming up to 650+ (averaging a rise anywhere between 7-20 points per month).
Goal: Get my score into prime territory (technically some lenders think you have to be 2 years out from discharge to be considered prime), so like 700+, and refinance or ideally, trade in my current car, and get something used, more reliable, lower payments, better interest.
Question: My Credit Union (Landmark CU) told me they use / are currently using Fico Auto 09 scoring model (using Trans union) for auto loans. So, if for example, If I see my credit score rise into 700+ on MyFico for the Trans Union Fico Auto 9, will the score my Bank pulls (same scoring model) be comparable / accurate to the score listed on my account ?
I'd hate to see them pull a sub650 Fico Auto 9 score when it says 700+ on MyFico. Any information would be helpfull. I just need to know if the per-model scoring system can be relied upon as a way to guage when it's good time go apply.
