No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I'm currently enrolled in the monthly credit monitoring program Experian offers on their site but wanted to know if there's a difference in the FICO Standard product they offer here. I found that the Experian Direct product (offered on Experian's site) is not very accurate in determining a FICO score because my FICO was showing a 708 score but when I app'd at AMEX they told me my score was only 670.
Can anyone give me some feedback on what they think about the FICO Standard Experian product here and if they've ever compared with the Experian Direct offered by Experian?
Taken from EX's website.
The PLUS Score, with scores ranging from 330 to 830, is a user-friendly credit score model developed by Experian to help you see and understand how lenders view your credit worthiness. It is not used by lenders, but it is indicative of your overall credit risk. Higher scores represent a greater likelihood that you’ll pay back your debts so you are viewed as being a lower credit risk to lenders. A lower score indicates to lenders that you may be a higher credit risk.
That kind of says it all.
@Shogun wrote:Taken from EX's website.
The PLUS Score, with scores ranging from 330 to 830, is a user-friendly credit score model developed by Experian to help you see and understand how lenders view your credit worthiness. It is not used by lenders, but it is indicative of your overall credit risk. Higher scores represent a greater likelihood that you’ll pay back your debts so you are viewed as being a lower credit risk to lenders. A lower score indicates to lenders that you may be a higher credit risk.
That kind of says it all.
Thanks for the feedback! So the FICO® Standard products offered on MyFICO are all the standard FICO scores used by lenders?
Experian and Equifax through myFICO are current scoring models used by lenders. Transunion here is TU98, it is a fico score but a much older scoring model. It's still used by some lenders but no many. TU04 is used by many lenders. TU08 is the newest scoring model and not used by many at all.