Re: Lenders see different scores than consumers do
08-27-2012 03:49 PM
...I felt good about it until I read this thread.
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.