is MYFICO is the REAL FICO?

[Anonymous]

I signed up for 3 FREE reports ( identityguard, creditkeeper, creditkarma) and all of them have my fico tied @ 653 +- 5 point while MYFico is 687? which is the REAL SCORE?

[Macroman]

MYFICO has actual FICO scores for Equifax and Transunion. Only lenders can get the Experian FICO.

All the scores are real in the sence that each place that does credit scoring has a set of rules and scoring algorithm based on those rules and they follow them to produce a score.

FICO scores are the most widely accepted by lenders. True FICO scores are only available here. 

I've found that some of the other sites are decent places to monitor balance updates. The fee schedules here are such that I can do without a true FICO score most of the time.

Persoannly I subscribe to the Quarterly monitoring which gives me 4 scores a year from TU and does ongoing weekly monitoring for some signs of identity theft. I'm also a user of Credit Karma and right now FreeCreditReport.com to get daily updates of how the the balances are updating on my CR as I make some larger than typical payments as part of a debt reduction program.

[bigtim]

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@Macroman wrote:

 True FICO scores are only available here. 

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You can order ScoreWatch/FICO score from Equifax, also, Transunion has a FICO score option(s) at transunioncs.com

[smallfry]

With the exception of the $7.95 deal at Equifax this is the cheapest place to buy your real scores. Just use your head before you buy is all.

[Anonymous]

I order my Experian scores thru a psychic/card reader. Its a bit more costly than the old days when you could order them here though

[Anonymous]

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@Anonymous wrote:
I order my Experian scores thru a psychic/card reader. Its a bit more costly than the old days when you could order them here though

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Ehhh....I think I'd rather spend the cost of a hard INQ to get it from my bank. BOA loves using Experian for pulls and the guy who did my refinance (or any loan officer) would be happy to do a pull for me. But I have too many EX pulls already so I'm going to wait until after November.

[creditwherecreditisdue]

I would rather pay for my score or not know it than take a hard INQ. Specially if I knew the other two.

[Anonymous]

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@creditwherecreditisdue wrote:
I would rather pay for my score or not know it than take a hard INQ. Specially if I knew the other two.

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Well....I have no problem paying for my score...but when the time comes for me to deal with an EX score, I'll have it handy by then.

Plus, I would still take the hard INQ over paying Miss Cleo an exorbitant amount to get my EX score (LOL).

[and yes, I knew it was a joke the first time.]

[Eurosooner7]

I always need to throw out the disclaimer that while FICO score are the REAL scores you must give room for a little change. For instance, different lenders rank things differently.

For example, said individual pulls a 650 FICO score but has 75% UTIL. Lender when given approval pulls a 625 because their score is slighted and decresed by higher UTIL. I know this information first hand as I have been affected by it.

Not all lenders do this, but just be prepared when you walk in so you dont have an attack as I did.

[Anonymous]

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@Eurosooner7 wrote:

I always need to throw out the disclaimer that while FICO score are the REAL scores you must give room for a little change. For instance, different lenders rank things differently.

For example, said individual pulls a 650 FICO score but has 75% UTIL. Lender when given approval pulls a 625 because their score is slighted and decresed by higher UTIL. I know this information first hand as I have been affected by it.

Not all lenders do this, but just be prepared when you walk in so you dont have an attack as I did.

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I know there is a variance between real FICO scores (i.e. ones from Lenders) and the ones we buy (i.e. the Consumer FICO scores). In my experience, the variance was never that wide as it was a 50 point different, but at most it would be 7-10 going either way. But I like the FICOs because it gives me a strong idea of what to expect when I have to do it for real.