Credit Cards Center Credit cards from our partners
Reply
New Member
Posts: 3
Registered: ‎03-12-2013
0

Credit Score 100 point lower than FICO score

I checked my credit score through Equifax. My Tranunion was a 564, my Equifax was 550 and my Experian was a 537. However my FICO score is a 637. Can someone tell me why this is?

 

Why is there such a big difference? Is it possible for either score to be wrong even though I went through Equifax for my true raw credit scores for each bureau.

 

Someone please help and please explain.

 

 

Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
0

Re: Credit Score 100 point lower than FICO score

Your FICO is the score that matters.  The others are not FICO scores, they are FAKO scores.  There is no correlation between the two.

Senior Contributor
Posts: 4,294
Registered: ‎05-01-2008
0

Re: Credit Score 100 point lower than FICO score

Since you are new here, and likely, new to the whole credit topic...I'd like to suggest you read this link.  This is a compilation of some of the best information and advice you will find anywhere.

 

I used it myself many years ago.... http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Your-Guide-to-Credit-Scoring/m-p/718550

 

That link is under this one....which also has some great links for specific topics & situations.  http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Frequently-Requested-Threads/td-p/19320

 

 



Starting Score: 02/2015 TU 709 - EQ 676 - EX 729
Current Score: 07/2015 TU 730 - EQ 699 - EX 724
Goal Score: 850

Bury me in the garden...last app 08.09.15

New Member
Posts: 3
Registered: ‎03-12-2013
0

Re: Credit Score 100 point lower than FICO score

Thank you for responding. I was just curious as to why Equifax would give me a FAKO score and not just the real score.

 

New Member
Posts: 3
Registered: ‎03-12-2013
0

Re: Credit Score 100 point lower than FICO score

Thank you the second link was very helpful!

Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
0

Re: Credit Score 100 point lower than FICO score

[ Edited ]

brittaries wrote:

Thank you for responding. I was just curious as to why Equifax would give me a FAKO score and not just the real score.

 


Because they sell their own score too.  It can be hard to find but there is a FICO score on their site.

 

I should have welcomed you to the forums with my first post.  Sorry but belated welcome!

 

You can read through the links in my signature.  Lots of helpful information.

Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Credit Score 100 point lower than FICO score


brittaries wrote:

Thank you for responding. I was just curious as to why Equifax would give me a FAKO score and not just the real score.

 


Because everytime someone uses a FICO score, $$$ has to be paid back to FICO. Equifax.com does offer a FICO score but it's mostly hidden and isn't promoted too well. Equifax created their own score so that they won't have to pay anything back to FICO each time a report is pulled. They can charge full price and most consumers don't even know what they are buying. None of the three scores you pulled are FICO scores and lenders don't use it. The specific score they use is called an "Equifax Credit Score" and should be ignored...however the report data is good.

 

 

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.