Valued Contributor
BearsAndTurtlesRtheBest
Posts: 3,268
Registered: ‎10-02-2012
Experian PLUS

Does the EXPERIAN PLUS SCORE have any value when it comes to credit decisons? Where can I get my actual Experian FICO score? and also which scoring system do creditors usually use? Thanks!!

Closing all of these credit card accounts once paid off for a fresh start.
$600$800$1,000$500(AU) $2,500
EQ FICO---, EX FICO---, TU FICO---, AAOA 5 months, Utilization 70%, No delinquencies of any sort.
Inquiries on EQ: 19, Inquires on EX: 30, Inquiries on TU: 21, Gardening Since 06-25-14
Valued Contributor
Jutz
Posts: 1,216
Registered: ‎05-10-2012
Re: Experian PLUS
[ Edited ]

PLUS Scores are the Experian proprietary model.  The agreement between Experian and FICO ended a few years back, and since then you are not able to purchase your true FICO Experian scores.  Creditors can use any and/or all three bureaus and will nearly every time use FICO scores.  There are also different types of FICO scores not available to the consumer that are used in different industries, i.e. Auto Enhanced, for auto loans.

  • Current: EQ FICO 694, TU FICO 695, EX FICO 698 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $29,500
  • Inquiries (12 Months): EQ 6 TU 3 EX 6 | Most Recent: 1/21/2014
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Established Contributor
cashnocredit
Posts: 959
Registered: ‎07-18-2009
Re: Experian PLUS
[ Edited ]

BearsAndTurtlesRtheBest wrote:

Does the EXPERIAN PLUS SCORE have any value when it comes to credit decisons? Where can I get my actual Experian FICO score? and also which scoring system do creditors usually use? Thanks!!


The Experian "Plus" score, a score not sold to lenders, nonetheless correlates with FICO scores better than VantageScore which is actually sold to a few lenders. It's one of the scores used in the CFPB score study and has a correlation of around .93 with FICO scores. That may sound high but it means you can expect a good chance that FICO and Plus will vary more than 50 points.

 

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/CFPB-released-a-report-comparing-FAKOs-FI...

 

 

I have reestablished credit over the last couple years
so my moniker is, well, rather out of date.

WM Discover $1800, WF Plat 12k, Chase Freedom Siggy15k, Amex Plat (60k H/B), Citi AA EWMC 25k
Valued Contributor
BearsAndTurtlesRtheBest
Posts: 3,268
Registered: ‎10-02-2012
Re: Experian PLUS

I see, now i can rely on my fico scores when applying for credit cards or loans. Thanks for all the information!

Closing all of these credit card accounts once paid off for a fresh start.
$600$800$1,000$500(AU) $2,500
EQ FICO---, EX FICO---, TU FICO---, AAOA 5 months, Utilization 70%, No delinquencies of any sort.
Inquiries on EQ: 19, Inquires on EX: 30, Inquiries on TU: 21, Gardening Since 06-25-14