Valued Contributor
Posts: 2,658
Registered: ‎06-05-2008
Re: Lenders see different scores than consumers do

Kwao wrote:

...I felt good about it until I read this thread. :smileyvery-happy:

 

Will continue to work on building up my credit as much as I can.


Don't get too discouraged.  Having exactly the right score only matters if you know exactly what score a lender uses, and what their requirements are.  Otherwise, it's a shot in the dark anyway.

I personally focus more on the basics; managing my utilization, eliminating baddies, and keeping a good mix of credit.  I know doing those right things will get me the best score possible under any model.  I do use the USAA monitoring FAKO's as a bar with which to measure my own progress, even though the chance of a lender seeing exactly the same number is pretty slim.  It's more for my own satisfaction than anything else that I look at the number.

 

 

3-26-15: FICO EXP: 814 - EQU:813 - TRAN: 809 - AVG: 812 +262 points from JUN 2008 - MY CREDIT JOURNAL