@bint-bilady wrote:
so experian Plus score is same as FICO? if I purchased their 3in 1 service will that be FICO scores or FAKO?
No, they are completely different, totally unrelated. They're FAKO's, as are the 3-in-1 scores from TrueCredit, CreditSecure, and so on. But they are an income source for EX, shall we say.
Right now, the only lender I know that uses PLUS scores for sure is Prosper.com, and even they use a tweaked PLUS score, per their website.
All these varying scores are derived from the basic EX, TU, and EQ reports, but the data on these reports are crunched differently, depending on which formula is used. Experian PLUS uses its own formula to generate PLUS scores, TrueCredit uses TU's TransUnion formula to generate its TransRisk scores, and FICO uses its formula to generate FICO scores. (And so on for the other credit scores out there.)
The underlying information from the reports is the same, but it is calculated differently with each formula, so the resulting scores are completely unrelated. They don't even necessarily go up and down the same time as other scores.
The only place that a consumer can pull EX FICO scores is from myFICO.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007