03-10-2013 09:32 AM
03-10-2013 10:46 AM
Someone I know received a notice from the gas company saying his experian fico was 380. We checked his equifax fico on myfico and it was 660. He has no major collections, delinquencies, or bankruptcies. In addition, fako scores from all three agencies are in the 680s. Is it really possible that his experian fico is 380, given all of this other info?
Ask him or her if the score did indeed say "FICO" or if it said something like "Experian Credit Score" or something like that. Big difference. There are a number of consumer risk scores out there used by utilities and they don't necessarily have a 300-850 range like most FICOs.
03-10-2013 11:24 AM
03-10-2013 11:38 AM
We just re-read the paper closer and it says the score is based on a special tool developed for utility companies.
Is the score likely low because this is the first time has has had a utilities account in his name and first time apartment rental?
There's an assumption here that the score is low. Maybe the score range is 0 to 400. Not all scores are 300-850. If the letter had specific terminology with a score name, then you can look that up to see if there's a published range somewhere.
03-10-2013 02:09 PM
It is the one from the utilities, Exchange Credit Services. I haven't been able to see what their score ranges are but several posters have had negative numbers and I think the highest I saw was a 287.
It is only based on utilities, cable, satellite, cell phones, etc.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.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.
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.