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New Member
CyberWar
Posts: 1
Registered: ‎11-12-2012

Different scores same credit agency

I have a question about why do I have three different credit scores issued by the same credit agaency.

 

Just signed up for myFICO score, it's says Equifax FICO score is 724.

My Equifax account at equifax.com says score is 691.

Then my credit monitor through bank by Experian says my Equifax score is 763.

 

So who is giving me the most accurate credit score that a lender will pull?

Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

Re: Different scores same credit agency

Welcome!

 

The score from myFICO.com is a FICO. Specifically it is a Beacon 5.0 EQ FICO and used by almost all mortgage lenders out there. 

 

The score purchased from Equifax.com is not a FICO score. It is a non-FICO (we call them FAKOs) score called an "Equifax Credit Score". There are no lenders anywhere that use this score.

 

And the score purchased from your Experian-based service is not a FICO score. It's a FAKO likely called a PLUS score. No lenders use it.

 

The scores are different because the score ranges are different and they factor in different stuff.

Valued Contributor
beb86
Posts: 1,117
Registered: ‎10-31-2011

Re: Different scores same credit agency

Welcome to myFICO,

 

 This bit is kinda confusing but here we go.

 

The scores you get from the three CRAs (TU, EQ, EX) are what we call FAKOS, not your FICO scores that most lenders use. 

 

Even with FICO there are many variants of scoring models FICO 2, Beacon 5, TU 98 (myfico) TU 04 (what most lenders use) TU 08 (what you get from walmart), etc....

 

There are also many other places you can get your credit scores, CS, CK, Credit Inform, credit.com...etc but these are FAKOs,  myFICO is one of very few places you can buy your real TU and EQ FICO scores... EX FICOs are not available for purchase since 2009 even though a few CUs will offer a monthly EX FICO..

 

 

Hope this helps...

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Moderator
Shogun
Posts: 12,859
Registered: ‎04-15-2011

Re: Different scores same credit agency

Hello, the explanation's above pretty much sum it up.   There are many different scores available to you, some are used by lenders, some not.  Some say they are for educational purposes only and may not be the same as those pulled by lenders.  As said, we call those FAKOS.   The general rule is a FAKO is +/- 200 points of your actual FICO.  


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July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
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Valued Contributor
AndySoCal
Posts: 1,893
Registered: ‎04-07-2009

Re: Different scores same credit agency

In trying to account for the difference what type of loan was it the lender pull your credit report for? Auto, home credit card etc.

Equifax My FICO score 815 5/28/2012. Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011

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