Frequent Contributor
Posts: 425
Registered: ‎05-16-2012
Re: My fico score low of 763 but lender says 713 How dat possible

anderson2624 wrote:


Seem quite ODD. 


Merryl Lynch is potential lender.  Does anyone understand how a lender can manupulate the score.  Certainly with a low score they can charge a higher rate and even more fees.




Any laws out there to protect us?

I don't think there's much of a difference between a 763 and 713 when it comes to rates... but that is odd unless they are using their own inhouse score

Lender Pull (11/3/12) FICO EX: 740 EQ: 680 TU: 702

NFCU VISA $17.5k / USAA AMEX $6k / USAA AMEX $4k / USAA VISA $4k / CHASE FREEDOM $3k / Capital One $500