Re: Lenders see different scores than consumers do
09-14-2012 09:05 PM
When I bought my car, my credit score pulled off myFICO was only about 577. However, when the dealership pulled my score it came in at 601 - so the differences between what's on here and what a lender may pull are not always bad. Instead of having double digit interest I got a much better rate.
I agree that it is a rip-off that we don't have the option to purchase specialized scores - especially when applying for credit and then being turned down can hurt us. In the meantime, I suggest we all work on the basics - pay on time, keep a good mix of credit and keep a low utilization rate to make sure we can get the best rates possible.
Starting Score: 577
Current Score: 667
Goal Score: 750
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