10-09-2007 10:37 AM
10-09-2007 10:40 AM
10-09-2007 10:48 AM
10-09-2007 10:55 AM
10-09-2007 11:56 AM
Sorry...I'll check...but I was always under the impression that the score being reported through the ACTUAL credit bureau was the correct one... One last question...and I didn't see this particular topic on the credit 101 thread As aforementioned...I went to transunion.com and paid for the one time credit score thing...which gave me the 636 credit score (I'm ASSUMING this is "FAKO")..I ordered this about 10 minutes ago.. However another 5 minutes after that...I decide to order the 3 in 1 credit thing...through truecredit.com (which is through TU)...and my score on the truecredit.com was a 601 for Transunion....does Truecredit.com report the FICO? Is this the more accurate assessment?
10-09-2007 02:57 PM - edited 10-09-2007 02:59 PM
I suppose that every score reported from every source is "correct", in that it matches the algorithm of that particular site, just as every baby is beautiful in its parents' eyes. But it is the FICO scores, including some FICO-derived scores tweaked for auto loans and credit cards, that are used by the overwhelming majority of lenders. And we all know the commercial Golden Rule: them's that gots the gold, makes the rules.
Sorry...I'll check...but I was always under the impression that the score being reported through the ACTUAL credit bureau was the correct one...
10-10-2007 10:57 PM
10-11-2007 03:55 AM
That is so true! When I posted above, I thought that the reports that I purchased directly on each site were as good as it gets--and they are better than the re-generated ones from myFICO, TrueCredit, etc. But I pulled my remaining two freebies yesterday, and I was astonished to see that they have even more than the paid site-ordered reports! Why can't we get this level of detail when we pay? That's just crazy.
RobertEG wrote:By far, the most detailed credit reports I have ever seen are the free ones made avaiable once a year for each bureau on annualcreditreport.com, which was set up as a joint venture by the three CR agencies in response to the federal law mandating that free reports be made avaiblable once a year to all consumers. Reports there are much more detailed and extensive. For example, ALL inquiries, soft and hard, are listed, along with an explanation. They dont give scores, just reports, but well worth a few minutes of your time. If you havent taken advantage of this service in the last 12 months, I highly encourage you to do so!
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