Reply
New Member
san1belpo
Posts: 1
Registered: ‎02-20-2012

fico vs equifax,experian transunion

why is my fico score on this site from equifax 600 and my score on equifax is 706?  Thats a big variance?

Regular Contributor
To-Be-Continued
Posts: 197
Registered: ‎06-08-2011

Re: fico vs equifax,experian transunion

[ Edited ]

Score from here = Fico score and the one used by lenders. Score from Equifax = Fako score very few lenders use if any. It is just as the name implies Fake.

 

TBC

AUDE VIDE TACE :
Starting Score: 684
Current Scores: EQ 796 TU 794 EX 750 (All lender pulls on 2/9/12)
Goal Score: 800 all 3
Moderator
Revelate
Posts: 4,433
Registered: ‎12-30-2011

Re: fico vs equifax,experian transunion

AFAIK Equifax current offers two scores, one which is identical to here (FICO Beacon 5.0) and another which is FAKO (any non-FICO score): not sure, don't care personally.

 

The Beacon 5.0 found here is used by some lenders (specifically, mortgage ones), but not necessarily by credit or auto loan lenders: I still think it has more value than any FAKO score you can obtain otherwise.

 


Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 648, Wally TU 673, EX 687 (06/15/13)
Goal Score: 680 in all three (01/01/14)


Take the FICO Fitness Challenge
Moderator Emeritus
MarineVietVet
Posts: 14,084
Registered: ‎07-14-2009

Re: fico vs equifax,experian transunion


To-Be-Continued wrote:

Score from here = Fico score and the one used by lenders. Score from Equifax = Fako score very few lenders use if any. It is just as the name implies Fake.

 

TBC


That's not quite true. EQ sells a FICO score found here: www.equifax.com/web-myfico-products/

 

But they also sell their own proprietary "Equifax Credit Score" that is not an EQ FICO and is not used by any lenders. You just have to be very careful what you buy from the EQ website.


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
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
www.myfico.com is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+