Reply
Frequent Contributor
Posts: 411
Registered: ‎04-05-2013
0

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

Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: How accurate is Experian Score

It's accurate compared to a FAKO.

Frequent Contributor
Posts: 411
Registered: ‎04-05-2013
0

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?

Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

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.

Established Contributor
Posts: 958
Registered: ‎12-05-2013
0

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 $16,500 == 12/2013
AMEX 12/2013 ---BCP $11,000 === BC $23,000 ----- 04/2014
CHASE SLATE $5,700 === 12/2013
BoA 123 $6000 === 12/2013
Barclay Rewards $1500 == 12/2013
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.