04-10-2007 11:13 AM
04-10-2007 11:50 AM
Des1302 wrote:I have a true credit account where I can see my credit scores every 24 hours for a certain amount per month, are the True Credit scores the same as the FICO scores?Also, How do I know where the lenders get their scores from whether it be from MY FICO or from the TRUE Credit scores.Also does MYFICO have a feature where I could see my credit score each day for one payment per month?TureCredit does not issue FICO scores, they are affectionately called FAKO score becaus they mean virtually nothing except to give you an idea which direction you are going. Lenders use one of several different FICO model, the only one for consumer use are the mortgage scoreHTH
04-10-2007 12:07 PM
04-10-2007 01:05 PM
Des1302 wrote:Brammy is this some kind of marketing trick or is this really true about the credit bureau giving out fake scores?So My FICO is the only place I can get my true Credit score?How could I find out what the lender uses to get their scores from?I know one lender uses CBA...where do they get those scores from?
04-10-2007 01:38 PM
04-10-2007 01:46 PM
twnkltoz wrote:WTH...so, even though I PAID Experian to give me my score, the score they gave me is incorrect?? *(^&(*&^^*!!!!!! How is a consumer supposed to be able to get their scores??? Do I have to pay $15.95 EACH to myfico for TU and EX to get them and know they're correct?? Or will they be?Nope, you PAID Experian to give you the Experian plus score and that's what they gave you. They are trying to take market share away from FICO but so far haven't had much luck. I know several companies pull an Experian Amex etc. Don't know that they are opulling info from experian but using the FICO model or using the vantage score.It may be catching on, I have noticed that some of my card who used to report to Equifax first are now reporting to Experian first.
04-10-2007 02:02 PM
04-10-2007 02:33 PM - edited 04-10-2007 02:38 PM
04-10-2007 07:10 PM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO