08-06-2011 07:40 PM
Ok we applied to refinance our mortgages. We get some papers from the lender that says..
Your credit score Score 9002 Source Experian Brand Fair Isaac Type Fico Date 08/02/2011
Is this a missprint? Below it goes into the scores being between 320 and 844
So wth is a score of 9002?
08-06-2011 08:00 PM - edited 08-06-2011 08:04 PM
Well thats what i thought. Wondering if this is why we got such a good rate? Wouldnt someone have caught it though? Does the mortgage consultant see our score?
What is a rick score? Says not available due to Model Exclusion Criteria
DH are both on the mortgage and we both have the same number for our score
08-06-2011 08:03 PM
The EX range is for Experian Fair Isaac V2, which is most used by lenders for EX and used to be available on here before EX did what they did.
I agree on the misprint. Your LO would know though that 9002 isn't a real score (or at least I'd think they'd know).
08-06-2011 08:10 PM - edited 08-06-2011 08:11 PM
I changed my mind....it isn't a misprint. There are other posts out there mentioning this (never recalled it before) and "9002" is a code that refers to a credit profile that lacks sufficient info to generate a FICO score.
Could any of these be the culprit on Experian (ignore the other two):
In order for a FICO® score to be calculated, a report must contain these minimum requirements:
ETA....There may have been an edit or change by myFICO, but I also think the account(s) had to have updated within the past few months too.
08-06-2011 08:27 PM
OH OK, never heard of that before. How can i get Fico score on here, but they cannot? I shouldnt complain we got a good interest rate.
Because the range you referenced is an Experian FICO score and that's not available on myFICO. You can get Equifax and TransUnion here, though, and your reports might be different on Experian to result in no score. If you are able to get TU and EQ or your lender did so, then they would have used your mid score. Since EX isn't available for a mid-score, they may have used the lower of your EQ or TU to generate the score-basis for PMI, rate, etc.
08-06-2011 08:31 PM
On the information you received form your lender were the other bureaus able to give you a FICO score? Also which credit reporting agency pulled your credit report on behalf of the lender?
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.