Understanding FICO® Scoring

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Established Member
Matisyahu
Posts: 22
Registered: ‎10-16-2012

credit score direct from transunion

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‎10-31-2012 04:13 PM

so I pulled my credit score up from the transunion site. I am curious as to how they rate credit scores and how close is it to fico? my fico score from myfico.com shows me at a 545 transunion but direct from transunion it shows me at a 633. I am confused why they are different. which one is right? or maybe the best way to ask is which one does lenders look at???

 

thanks

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llecs
Posts: 31,505
Registered: ‎08-04-2007

Re: credit score direct from transunion

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‎10-31-2012 07:53 PM

The FAKO from TU is a Vantage score which runs on a score range of 501 to 990. FICO's is 300-850.

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hendersj31
Posts: 42
Registered: ‎09-18-2012

Re: credit score direct from transunion

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‎11-01-2012 11:39 AM

Also, for what it is worth, i pull my TU score form myfico as well from time to time and my lenders pull always comes up about 10 points higher....

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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.

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