Reply
New Contributor
KhuKhu
Posts: 68
Registered: ‎04-12-2013

How far off are FICOs if 3 reports are same?

My EQ FICO is 725. Looking at all 3 reports (from EIDT) they are all identical. EIDT FAKOS tell me my FAKOs are all around 680 (give or take a few points between each CRA)

 

Do you guys think my EX & TU FICO (04 or 08 versions) is probably around 725, give or take 10 points-ish? 

 

I really don't want to pay to find out until before a big purchase... just wondering where it stands right now...

Moderator
09Lexie
Posts: 24,600
Registered: ‎09-13-2012

Re: How far off are FICOs if 3 reports are same?

It would be impossible to tell. EIDT scores are FAKOS and their scores can be based on a whole wide range of algorithms.
You would also need to know what bureau the creditor would be pulling and which variation of the score.

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/The-many-flavors-of-FICO-Editions-version...
New Visitor
bird0722
Posts: 1
Registered: ‎11-22-2013

Re: How far off are FICOs if 3 reports are same?

IMHO, the credit scores that we (the consumers) can buy from sites such as FreeScore.com are absolutely worthless.  The numbers are all over the place.  Most recently (Nov 2013) my three scores were TU: 741  EX:698  EQ:793.   Experian is always significantly under the other two.

 

I just applied for a mortgage refinance.  My loan officer says my credit scores are: TU: 752  EX: 759  EQ: 742

 

So if I'm trying to actually MANAGE my credit scores responsibly, a site such as FreeScore.com is not helping me one bit, because it provides absolutely no visibility into the real FICO scores that lenders can see and use.  The inability of ordinary consumers to get accurate credit score information is ridiculous.  I think I'm going to initiate a mortgage refinance once a year just to get my real numbers.  Paying extra for some irrational numbers pulled out of thin air is just not smart.

 

Senior Contributor
Wanderer
Posts: 3,159
Registered: ‎10-03-2008

Re: How far off are FICOs if 3 reports are same?

Understand your frustration. Myfico.com came the closest to my mortgage lendor scores. The other sites were not as useful.
Established Member
JHorowitz
Posts: 33
Registered: ‎09-05-2013

Re: How far off are FICOs if 3 reports are same?

[ Edited ]
d.e.
Established Member
JHorowitz
Posts: 33
Registered: ‎09-05-2013

Re: How far off are FICOs if 3 reports are same?


bird0722 wrote:

IMHO, the credit scores that we (the consumers) can buy from sites such as FreeScore.com are absolutely worthless.  The numbers are all over the place.  Most recently (Nov 2013) my three scores were TU: 741  EX:698  EQ:793.   Experian is always significantly under the other two.

 

I just applied for a mortgage refinance.  My loan officer says my credit scores are: TU: 752  EX: 759  EQ: 742

 

So if I'm trying to actually MANAGE my credit scores responsibly, a site such as FreeScore.com is not helping me one bit, because it provides absolutely no visibility into the real FICO scores that lenders can see and use.  The inability of ordinary consumers to get accurate credit score information is ridiculous.  I think I'm going to initiate a mortgage refinance once a year just to get my real numbers.  Paying extra for some irrational numbers pulled out of thin air is just not smart.

 


Is FreeScore.com FAKOs?

Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: How far off are FICOs if 3 reports are same?

Yes, all of the free scores, all in ones, CK, CS, and the like are all FAKO scores.

 

The only place you might get a free FICO is through a lender, like a CC you have may offer one.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+