10-23-2012 02:36 PM
I was looking to get financed for our new home. I ran all three of my credit scores from TU 670, EQ 599 and EX 644. When I went to the lender he told us that my mean/median score was 584 and I could not get qualified. He to us that what we see online from EQ, TU and EX are not real FICO scores? I am not sure what to do?
10-23-2012 06:38 PM
You say you ran all of your credit scores. Where did they come from? If not from a lender or my fico.com they were probably a generic, aka fako. Fako scores are a lot higher than tru Fico scores.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO