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Equifax Score Power = EQ-04?

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Anonymous
Not applicable

Equifax Score Power = EQ-04?

I'm considering applying for the US Bank Cash+ sometime in the next few months, but I read that they sometimes pull FICO 04. Since I had no idea what my FICO 04 scores were I bought Equifax's Score Power which I read would give my EQ-04 score.

 

I put in my info, verified my identity, and then the Equifax Dashboard comes up with a score of 801!!! I'm still ecstatic but I have a hard time believing it. I thought the max EQ-04 score was 818? I have a very hard time believing my EQ-04 would only be 17 pts from a perfect score.

 

My file isn't that thick.

Total Accounts: 6 (1 student loan, 2 auto loans, 3 credit cards)

Open Accounts: 2 (2 credit cards)

Oldest account: ~11 yrs

AAoA: ~5 yrs

AAoOA: 4 months

Inquiries: 2 (EQ: 1, TU: 0, EX: 1)

Current Utilization: 1%

Lates 30/60/90: 0/0/0

 

So does anyone know if Score Power really provides an EQ-04 score? If so, is this on the real world score range of 334 to 818?

 

Message 1 of 14
13 REPLIES 13
HiLine
Blogger

Re: Equifax Score Power = EQ-04?

Score Power gives you a FICO 04 score. Your credit profile looks fantastic. I'm not surprised that you've hit the 800's.

Message 2 of 14
thirst305
New Contributor

Re: Equifax Score Power = EQ-04?

you tempted me to waste some money buying EQ Score Power.. Boo, my score is 55 points lower on 04,  823 on MyFico and 768 on EQSP boooooo

 

I have no lates!!!  whats up with that?

Ch7 BK discharged 3/2009
Bloomies (10/99): 4k Alliant (8/10): 4k
SCEFCU Visa (9/12): 6k SCEFCU auto (9/12): 22k
Barclays Apple (10/11): 5k iTunes: 3k SLM: 15k
Amazon (8/12): 15k Walmart store (9/12): 6K
Partners (9/12): 20k CapOnex2 (1/10): 10k Discover IT (3/13): 5k
SDFCU: 20k Amex BCE: 8k
Message 3 of 14
HiLine
Blogger

Re: Equifax Score Power = EQ-04?


@thirst305 wrote:

you tempted me to waste some money buying EQ Score Power.. Boo, my score is 55 points lower on 04,  823 on MyFico and 768 on EQSP boooooo

 

I have no lates!!!  whats up with that?


My discrepancy is 47 points. 727 Score Power, and 774 Score Watch. I wish I knew what would make the scores converge....

Message 4 of 14
Anonymous
Not applicable

Re: Equifax Score Power = EQ-04?


@thirst305 wrote:

you tempted me to waste some money buying EQ Score Power.. Boo, my score is 55 points lower on 04,  823 on MyFico and 768 on EQSP boooooo

 

I have no lates!!!  whats up with that?


I don't know what's up with that... I'm sorry you wasted $20.

Like I said, I didn't believe the equifax score myself.

 

Just to prove I'm not making it up:

 

Current MyFICO scores for comparison:

Message 5 of 14
Anonymous
Not applicable

Re: Equifax Score Power = EQ-04?


@HiLine wrote:

Score Power gives you a FICO 04 score. Your credit profile looks fantastic. I'm not surprised that you've hit the 800's.


Thanks!

Message 6 of 14
MarineVietVet
Moderator Emeritus

Re: Equifax Score Power = EQ-04?

Yes the EQ Score Power is a true FICO score but it's a FICO 04 model vs. the FICO 08 model here at myFICO. They use different formulas to calculate the same data so there will be variances.

Message 7 of 14
sam818
Valued Member

Re: Equifax Score Power = EQ-04?

I believe you are mistaken: According to the Equifax consumer site they use a proprietary Equifax score and NOT a FICO score. In their FAQs they specifically point to that differentiation:

QUOTE:
Both the Equifax Credit Score and the FICO Score are general-purpose score models used to predict credit risk.  
The Equifax Credit Score is a proprietary model created by Equifax.  
The FICO Score is a proprietary model created by Fair Isaac Corporation (FICO) .  
All Equifax consumer services and tools make use of the Equifax Credit Score unless otherwise indicated
.  

Message 8 of 14
VirtualCuriosity
Established Contributor

Re: Equifax Score Power = EQ-04?


@Anonymous wrote:

@thirst305 wrote:

you tempted me to waste some money buying EQ Score Power.. Boo, my score is 55 points lower on 04,  823 on MyFico and 768 on EQSP boooooo

 

I have no lates!!!  whats up with that?


I don't know what's up with that... I'm sorry you wasted $20.

Like I said, I didn't believe the equifax score myself.

 

Just to prove I'm not making it up:

 

Current MyFICO scores for comparison:


801 is the time you pulled it on 11/22/14

 

J/K, Congrats, AWESOME score.


TU713, EQ 731 , EX 726 (As of 12/13/14) - Personal Goal = 760

“Beware of little expenses. A small leak will sink a great ship” – Benjamin Franklin

Gardening since 3-26-15































Message 9 of 14
MarineVietVet
Moderator Emeritus

Re: Equifax Score Power = EQ-04?


@sam818 wrote:

I believe you are mistaken: According to the Equifax consumer site they use a proprietary Equifax score and NOT a FICO score. In their FAQs they specifically point to that differentiation:

QUOTE:
Both the Equifax Credit Score and the FICO Score are general-purpose score models used to predict credit risk.  
The Equifax Credit Score is a proprietary model created by Equifax.  
The FICO Score is a proprietary model created by Fair Isaac Corporation (FICO) .  
All Equifax consumer services and tools make use of the Equifax Credit Score unless otherwise indicated
.  


They offer both. They couldn't use the trademark name "FICO" without offering the product. It's the FICO 04 scoring model. From Equifax FICO score:

 

EQ.JPG

Message 10 of 14
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