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How accurate is Experian Score

Established Contributor

How accurate is Experian Score

Hello,

I checked my credit score through Experian website and it shows a score of 763 is this accurate?

 

Thanks to you all

Message 1 of 5
4 REPLIES
Moderator Emeritus

Re: How accurate is Experian Score

It's accurate compared to a FAKO.

Message 2 of 5
Established Contributor

Re: How accurate is Experian Score


llecs wrote:

It's accurate compared to a FAKO.


Thanks llecs.

Is it easy to get approved with this kind of score?

Message 3 of 5
Highlighted
Moderator Emeritus

Re: How accurate is Experian Score

Lenders don't use that score. Certainly don't rely on it. Your corresponding FICO could easily be 20-50-100 points off.

Message 4 of 5
Established Contributor

Re: How accurate is Experian Score

When I was in the app mode last month my Equifax.com score was 711 but my actual EQ fico score was 740+.  The magin of  differences is so great that it's not worth it to go by the bureaus scores.  

 

Having said that.. after follownig my scores for the past month I have a good idea of what my scores are based on the following factors used as a percentage of total fico scores.:

 

% of debt to aggregate credit line ( 30% )

AAoA (15% )

Payment history ( 35% )

New Accounts ( 10% )

Type of accounts ( 10 % )

 

 

 

 

 

Discover IT $19,000 == 12/2013
AMEX 12/2013 ---BCP $12,000 === BC $23,000 ----- 04/2014
CHASE SLATE $5,700 === 12/2013
BoA 123 $6000 === 12/2013
Barclay Rewards $1500 == 12/2013
Message 5 of 5