@iv: It was pointed out to them again as a result of this thread this morning. Haven't heard anything back yet, though one supposes that striking the word "mortgage" from their advertising wouldn't be a massive regulatory issue. It is less than impressive though, albeit given the small claims nature of it they're not likely jumping through hoops in their Legal department as compared to the other issues they're almost assuredly dealing with.
@Anonymous wrote:I applied for a credit card and was denied. Received the letter with my credit score, which is 100 points less than the score reported on this website. So apparently the mortgage industry is not the only industry still using FICO 04 ....
Welcome to the forums!
Credit card issuers use all sorts of scores, including internal ones, and FICO ones that we don't have access to as consumers in addition to the mainline ones. The vast majority of major credit card issuers (maybe all of the big ones, CU's might still) don't use FICO '04.
Did they say what the score range was, or what the particular score name was? If it doesn't state FICO® then it's something else entirely.
@jamie123 wrote:I'm sorry, but I've also been questioning my paid membership in MyFICO. How many times has this particular line been used on new forum members: "That other site uses a FICO 08 and not many lenders use that scoring model. The FICO 04 can only be found at MyFICO and that is what makes being a paid member worthwhile."
I really don't care how my FICO 08 score looks because I already have plenty of credit cards but am working on a mortgage.
Now, I have a Walmart/Discover, Discover IT and a Cap1 card. I get a free FICO 08 score each month from each lender. If I use the CC's free scores along with my free Credit Karma account I think that I would have a much better idea of what is happening with my credit than my paid MyFICO membership. MyFICO Scorewatch certainly doesn't do as good a job at organizing my credit file as Credit Karma does.
So now...Let's talk about costs. Scorewatch cost $14.95 per month or $179.40 per year. Just what am I getting for the $179.40 per year versus FREE?
Am I missing something?
Really, I love participating in the forums on MyFICO but Scorewatch EQ FICO 08 is not worth $14.95 a month in my opinion.
Why are you trying to defend MyFICO even though they haven't reduced their pricing or even had the common and ethical courtesy to change their marketing. I mean it's already been a few months since they have been converting people to an inferior product.
Not certain who you're directing this to, but if you have any experience with my postings, you'd be aware I ranted more than the vast majority of members at the change.
Currently, other than a once a year S+G pull of my Experian to ring in the New Year, I don't bother with FICO 8 pulls personally as like you they aren't worth that much to me.