Understanding FICO® Scoring

[dotmike]

Hello,

I have a CreditSecure® from American Express service that monitors my credit score and I just noticed that my Equifax report is currently at 720. However, when I pulled my Equifax report on myFICO.com, it is showing 685.

Which report is correct? Is there a definitive place to get the correct score?

Any advice is appreciated.

[Repo-ed]

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dotmike wrote:

Hello,

I have a CreditSecure® from American Express service that monitors my credit score and I just noticed that my Equifax report is currently at 720. However, when I pulled my Equifax report on myFICO.com, it is showing 685.

Which report is correct? Is there a definitive place to get the correct score?

Any advice is appreciated.

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The EQ report from here and the TU score from here are REAL FICO scores

[dotmike]

Thanks, but I'm a little puzzled. Is it not true that services like myFIO and CreditSecure get the same data from EQ or TU?

[pizzadude]

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dotmike wrote:

Thanks, but I'm a little puzzled. Is it not true that services like myFIO and CreditSecure get the same data from EQ or TU?

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Yes, the data is the same when pulled from EQ or TU.   But the scores are completely different.     You can't compare FICO scores with FAKO scores, they follow completely different scoring rules.    CreditSecure is a FAKO score.

Take a look at the credit scoring 101 thread in this link:   http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Frequently-Requested-Threads/td-p/19320