Valued Contributor
Posts: 2,669
Registered: ‎04-25-2011
Re: Lenders see different scores than consumers do

Duke-of-Earl wrote:

Most posts in this thread have addressed the FICO/FAKO business, but the OP's point about the industry-specific scores hasn't gotten much response.  I have to agree with him/her, it's just not right that we can't buy those specialized scores.  I can see the value of them for lenders, and wouldn't mind paying for them, but the current situation means you can't contradict the used-car salesman when he says your score is too low.  It's unjust.


On a different point raised by some in this thread, I also found the EQ score my mortgage lender got was the same as what's available through myfico.  At least 33.3% works right!



Yeah.. I agree with your sentiment 100 percent.. at least with the EQ being right for most lenders, at least you do have an idea..



Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession

Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $13900, Citi/Home Depot $8500, Capital One Cash Rewards $3500, BOA $7500 Total Utilization: 3%. AAoA: 2yr, 9mth. INQS: 1 TU, 1 EQ, 3 EX