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Member
Posts: 23
Registered: ‎01-21-2013
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Is it worth it..

To purchase TU score monitoring from myfico, since they use a different scoring model from most lenders? My TU is my lowest score right now and I'd like to track it but would like it to be accurate, as I am trying to get pre-qualified to buy a home.

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Posts: 3,302
Registered: ‎06-09-2010
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Re: Is it worth it..


groovy27 wrote:

To purchase TU score monitoring from myfico, since they use a different scoring model from most lenders? My TU is my lowest score right now and I'd like to track it but would like it to be accurate, as I am trying to get pre-qualified to buy a home.


Okay here is the reality...

 

TU from MYFICO is TU98 version...

 

Majority of Lenders use TU04 version...

 

Now with that being said and being a Broker myself pulling credit reports daily, majority of the time the TU04 version has a higher score then your TU98 version. YMMV

 

If you want more accuracy in your score, then you need to monitor your MYFICO Equifax Beacon 5 score. This score is the same exact score that majority of Lenders use.

Good Luck
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