Understanding FICO® Scoring

[steelbruin]

Pulled myfico eq score today and it was 679 but credit union pulled it as 641. Still got cli but difference seems so large. How can that be?

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steelbruin wrote:
Pulled myfico eq score today and it was 679 but credit union pulled it as 641. Still got cli but difference seems so large. How can that be?

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The EQ score sold here is the EQ04 ( Beacon 5 ? ) score.   It is very possible that your CU pulled a slightly different FICO score.   Do you have anything in writing from them that shows the specifics of what they used ?

[steelbruin]

No unfortunately not. So many different models will be applying for new car soon and I know dealer using different one. Sucks though because I was hoping for financing with cu. if they pulled 679 I would get much lower rate with them. Hoping that since my auto credit is extremely strong dealer will get a higher number then 679 even. Any insight as to even estimated auto scoring?

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steelbruin wrote:
No unfortunately not. So many different models will be applying for new car soon and I know dealer using different one. Sucks though because I was hoping for financing with cu. if they pulled 679 I would get much lower rate with them. Hoping that since my auto credit is extremely strong dealer will get a higher number then 679 even. Any insight as to even estimated auto scoring?

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If you have good auto history then your auto enhanced scores should be better than your classic FICO scores, so hopefully you'll get a good rate.

[steelbruin]

Thank! I hope so