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

Identity Guard's assessment of FICO

This is found in their Q&A:

 

Q.Is the credit report and score I get from IDENTITY GUARD the same as my FICO score?
No, the score we provide to you is based on data from the three credit bureaus, via CreditXpert. Although certain economic conditions affect the flexibility of your credit score, CreditXpert provides a much more accurate assessment of your credit score than FICO because it’s based on data from the past two years.

 

 

Funny stuff.

Moderator Emeritus
Posts: 4,470
Registered: ‎12-31-2008
0

Re: Identity Guard's assessment of FICO

[ Edited ]

:smileyvery-happy::smileyvery-happy::smileyvery-happy:

 

Yep.  They give me a 781 with a bk discharged last year.

 

Too bad I can't get CostCo Amex (or anyone else) to pull them!  :smileysad:

Message Edited by beamMEup on 03-03-2010 08:41 AM
Just puttin' syrup on something, don't make it pancakes.
Moderator Emeritus
Posts: 16,374
Registered: ‎03-12-2007
0

Re: Identity Guard's assessment of FICO


llecs wrote:

This is found in their Q&A:

 

Q.Is the credit report and score I get from IDENTITY GUARD the same as my FICO score?
No, the score we provide to you is based on data from the three credit bureaus, via CreditXpert. Although certain economic conditions affect the flexibility of your credit score, CreditXpert provides a much more accurate assessment of your credit score than FICO because it’s based on data from the past two years.

 

 

Funny stuff.


Oh, my!!!!!!!:smileyindifferent:

Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Moderator Emerita
Community Leader
Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
0

Re: Identity Guard's assessment of FICO

This would explain why the vast majority of lenders have dumped classic FICO scores in favor of the FICO NextGen scores, which emphasize the past two years! :smileysurprised:

(note: hardly anyone switched to NextGen, much less the FAKO version developed by the three CRA's :smileywink:)

Nice to see the FAKO vendors still hanging in there, though.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Contributor
Posts: 110
Registered: ‎01-19-2010
0

Re: Identity Guard's assessment of FICO

It boggles my mind that car companies have to meet certain requirements for things like headlight or roof height, builders have to use a certain thickness of glass, you can't drink until you're 21...

 

...but companies like this can completely mess with people all day and get away with it because there are basically zero restrictions on credit reporting. Why are FAKO scores even allowed to exist? What purpose do they even serve? I can't understand why any CRA would feel the need to lie about something like this on one website, then be completely up front about it on another.

 

I'm not a fan of governmental regulations, but I would very much like to see Papa Fed shove a boot up some CRA bottoms.


Starting Score: 652 - 10/09
Current Score: 718
Goal Score: 800+


Take the FICO Fitness Challenge
Super Contributor
Posts: 5,703
Registered: ‎10-06-2007
0

Re: Identity Guard's assessment of FICO


thearmofbarlow wrote:

...but companies like this can completely mess with people all day and get away with it because there are basically zero restrictions on credit reporting. Why are FAKO scores even allowed to exist? What purpose do they even serve? I can't understand why any CRA would feel the need to lie about something like this on one website, then be completely up front about it on another.

 

I'm not a fan of governmental regulations, but I would very much like to see Papa Fed shove a boot up some CRA bottoms.


Othere than the fact that very few lenders use them, there really isn't anything wrong with FAKO scores as long as they are not advertised as the same credit score most lenders use or something like that.  Is a FAKO score any less accurate than a FICO score? Who knows.

 

Be carefull of wanting Papa Fed to get involved here since the bottom the boot goes up usually winds up being ours.

11/28/2014 FICO: EQ: 796 EX:788 TU:803
Contributor
Posts: 110
Registered: ‎01-19-2010
0

Re: Identity Guard's assessment of FICO


marty56 wrote:

 

Be carefull of wanting Papa Fed to get involved here since the bottom the boot goes up usually winds up being ours.


Too true. It just seems that for all the federal regulations we have, the credit reporting side of it doesn't get its fair share.


Starting Score: 652 - 10/09
Current Score: 718
Goal Score: 800+


Take the FICO Fitness Challenge
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.

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.