FICO vs "the others"

akindofmagic · ‎02-10-2008

My most recent FICO scores as of 2/5/08 are 729 tu, 776 exp & 798 eq. Yesterday I pulled my free annual report off annualcreditreport.com and was surprised to see a credit score (which I paid a fee for) with tu was 789. At first I was elated until I saw that the credit score range they were using went up to over 900 and my 789 score was give a grade of "C".

Why is there such a range difference? and should I disregard the scores on annualcreditreport.com?

MidnightVoice · ‎02-10-2008

Nearly all lenders use FICO scores - we call the other scores FAKOs. Fakos can be higher of lower, but generally they are pretty useless.

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid

Anonymous · ‎02-11-2008

I don't think Annual uses FICO.

Only use Equifax to get your real FICO from Equifax. Or MYFICO to get all 3 real FICO scores.

Anonymous · ‎02-11-2008

akin, one of the great mystery's of the universe is why they even HAVE FAKO scores to begin with. It serves no useful purpose other than pleasing eye candy for your credit file.

90% of the nations lenders use FICO scoring in their credit making decisions. They only use FICO or some enhanced version of FICO.

"and should I disregard the scores on annualcreditreport.com?"

The answer is YES.

Junejer · ‎02-11-2008

I don't know what part of the country you are in, but up here in WI, it's about -4 degrees today. You can use the scores for kindling to build a nice warm fire.