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somebody told me your fico score is a combination of all three credit bureaus...is that true?

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somebody told me your fico score is a combination of all three credit bureaus...is that true?

Somebody told me your fico score is a combination of all three credit bureaus..is this true?
Message 1 of 4
3 REPLIES
Senior Contributor

Re: somebody told me your fico score is a combination of all three credit bureaus...is that true?

no. you have or don't have (if they don't have enough info to calculate one) a fico score for each agency.
Message 2 of 4
Senior Contributor

Re: somebody told me your fico score is a combination of all three credit bureaus...is that true?



slickwilly78 wrote:
Somebody told me your fico score is a combination of all three credit bureaus..is this true?





Hi willy and welcome to the forum! Ducky's right. Each Credit Reporting Agency generates its own score.

I'd like to suggest you read the "Credit Education" section of the website, located in the menu bar at the top of the page. It's very informative.
"Never ever, ever be late. Never" (FUTR)
Message 3 of 4
Moderator Emerita

Re: somebody told me your fico score is a combination of all three credit bureaus...is that true?


slickwilly78 wrote:
Somebody told me your fico score is a combination of all three credit bureaus..is this true?



No, they're probably thinking of the semi-new Vantage score. The credit bureaus are trying to create an alternative to FICO's, so they came up with this one, which combines all three reports, so that there's only one score.

Definitely not a FICO, and not much used anywhere that I've been able to find.

As the others said, you have three separate and independent FICO scores, each derived from info on your three reports, and each one using a different formula commissioned by each bureau (one reason why they can be so different.)
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 4 of 4