Understanding FICO® Scoring

[Des1302]

My Transunion score is 679 Experian is 648 and Equifax is 613

How will the lender view my FICO score as a whole? Does their system take a average of the three scores (646)? Or will it be a range from 613-679.

How will a lender rate me?

Message Edited by Des1302 on 04-10-2007 11:06 AM

[Brammy]

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Des1302 wrote:

My Transunion score is 679 Experian is 648 and Equifax is 613

How will the lender view my FICO score as a whole? Does their system take a average of the three scores (646)? Or will it be a range from 613-679.

How will a lender rate me?

Message Edited by Des1302 on 04-10-2007 11:06 AM

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Your question requires several answers. 

1. You havethree true scores, one from each bureau

2. A mortgage lender will likely look at your mddle or average score.

3. Any other creditor is likely to favor one of the three some actually pull all three (Cap1)  If you're thinking of applying for a card give em a call and ask which credit bureau they use.

[Des1302]

That is good info Brammy I will definately call.

SO your saying if I went to the Experian website and got my credit score its not my true FICO score?

Message Edited by Des1302 on 04-10-2007 12:04 PM

[Brammy]

That is a vantage or vantage plus score on a 350-950 scale though it may be close to a FICO it is not a FICO but a FAKO