06-27-2007 12:51 PM
06-27-2007 12:59 PM
What is the range of FICO scores?
FICO (aka Classic or BEACON) scores can range from 300 to 850, but the majority of scores usually fall within the 600s and 700s.
FICO, FAKO, HUH?
FICO, FAKO, Credit Score, PlusScore, ScoreX, Vantage are all the same right? WRONG!
FICO = The score lenders use and the only score you care about.
FAKO = Any score that isn't a FICO. Most people like to buy the ScoreWatch product because you can quite often get updates as to your current EQ FICO score. myFICO Identity Theft Security Deluxe is similar to Score Watch except that is monitors TU. There is no FICO monitoring service for all three credit reporting agencies.
TRUE CREDIT Vs MY FICO
06-27-2007 02:30 PM
happytexas2 wrote:I called transunion to find out why I had a score of 865 when FICO only goes up to 850. They said that they have their own system and do not use the FICO system, and that transunioncs.com is not the TU website; only transunion.com is.So I am a bit confused as to the relationship between TU and FICO.
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.