Understanding FICO® Scoring

[vetstorm91]

Hi my name is Sean and I am a FICOholic.

[Booner72]

Hi Sean!!

[CS800]

Just like a nicotin patch

Is there a FICOtin patch for people like me?

[Mustanglvr2006]

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CS800 wrote:

Just like a nicotin patch

Is there a FICOtin patch for people like me?

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I'll be needing one of these as well

@ the OP, Great post!

[jdogi]

And here, I come to this thread hoping for some support to wean myself away from the constant reading of this forum, and the checking of my scores.  Instead I get this!!!

Seriously though, great post.

Now I just need to get some help with my other problem...my natural tendancy to skip forum 'stickies' and thus miss geat posts like this.

Thanks

[Deka]

Hi my name is Sam and I am a Ficoholic.  Forums are to addicting. Doesnt help that I have this site as my homepage.

[BigDaddy18]

I'm one of these guys too!

Hey I have a serious question though.  Does anyone know of any stat's on whether or not statisticly if you have say one score with one credit agency i.e. Equifax whether or not the other two are typically higher or lower than that particular one?  I think that would a great new survey or analysis we should conduct?  Can someone set that up?

Big Daddy!

[llecs]

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BigDaddy18 wrote:

I'm one of these guys too!

Hey I have a serious question though.  Does anyone know of any stat's on whether or not statisticly if you have say one score with one credit agency i.e. Equifax whether or not the other two are typically higher or lower than that particular one?  I think that would a great new survey or analysis we should conduct?  Can someone set that up?

Big Daddy!

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It can't be measured with any seriousness. That's because not all 3 reports are alike. They all differ slightly. Most of us have TLs reporting on one and not the others. Inquiries won't match all 3. Also, all 3 CRAs will not be updated at the same time. For most of us, EX is the fastest at updating balances than TU, so naturally the figures would be skewed. And within each TL, moreso for baddies, the reporting can be off, including dates. Finally, all 3 FICOs vary per the formula, so you'll never have matching scores even if 100% precise and exact among all 3.

[BigDaddy18]

That makes sence, thank you for the clarification!

Big Daddy

[GinoHasa]

Hello.  My name is Gino and I have a credit problem.  I think I found the right place for help.