cancel
Showing results for 
Search instead for 
Did you mean: 

Is it worth it..

Member

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.

Message 1 of 2
1 REPLY
Valued Contributor

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
May all your dreams and wishes become a reality!
Message 2 of 2