Lenders obtain FICO scoes based on their lending needs....
03-15-2007 04:47 AM
Lenders obtain FICO scoes based on their lending needs. The score you see on the myfico sight is the mortgage lending model. The credit card industry uses a slightly different model as do auto loans, You will never be sure which model your lender is using. Some use a model called the TransRisk model from TU which is supposed to predict the likelihood of you filing bankruptcy.