topic Re: Myfico vs Credit Check Total in Understanding FICO® Scoring

Myfico vs Credit Check Total

jtcd — Fri, 02 Jun 2017 18:12:33 GMT

I pulled my credit reports on 6/1/17 from Myfico and Credit check total. All my scores are the same except Equifax. Which one is more accurate?

Shouldnt they be the same if I pulled them on the same date and they are both Fico 8 scores?

Re: Myfico vs Credit Check Total

Anonymous — Fri, 02 Jun 2017 18:15:53 GMT

Review both reports' data and see if one is old data -- balance reported, account age, inquiries count, etc.

CCT tends to be more recent and accurate for me than MyFico. My MyFico alerts can be over a week old by the time I get them.

Re: Myfico vs Credit Check Total

jtcd — Fri, 02 Jun 2017 18:20:06 GMT

Ok thank you.

Re: Myfico vs Credit Check Total

Marcos8 — Sat, 03 Jun 2017 00:35:22 GMT

What I don't understand is if the pull is being done live in that moment how is one service showing old data?

Re: Myfico vs Credit Check Total

Anonymous — Sat, 03 Jun 2017 03:24:52 GMT

It just means that it's not using live pull data. I'm fairly confident in saying that CCT uses the most recent data at the moment you do a pull. I know nothing about myFICO, but perhaps they are using slightly older data at times when they produce their scores.

Just because a score is presented at a certain time doesn't necessarily mean it was generated at that moment. A perfect example of this is Discover. They usually provide me with a new score on the 4th or so of each month, but the date of the data used for the score that's presented to me on the 4th is usually the 27th-29th, meaning it's roughly a week old. If I pull my scores on the 4th from CCT, I know that the scores I'm getting are based on data from the 4th... so if something has changed in the last few days it will be reflected in my CCT score, but not necessarily the score I see presented to me on the same day from Discover.

Re: Myfico vs Credit Check Total

Marcos8 — Sat, 03 Jun 2017 03:34:47 GMT

But if someone doesn't have a myfico subscription account of any kind why would myfico have older stored data on someone? I can understand if someone is signed up to receive monthly scores from somewhere and they haven't updated yet for the month..Your explanation makes sense just asking in general

Re: Myfico vs Credit Check Total

Anonymous — Sat, 03 Jun 2017 03:38:49 GMT

I don't know the answer to that, as I know nothing about how myFICO works. Perhaps others can chime in. I guess an equally acceptable question would be why does Discover then, for example, post scores a week later than the date that the scores were generated on? Or, are they being posted right away just using week-old data? No way to know for sure, I suppose.

Re: Myfico vs Credit Check Total

HeavenOhio — Sat, 03 Jun 2017 07:03:47 GMT

They're both accurate. "Up to date" is the term we're looking for.

I have no experience with CCT, but I've had myFICO for about three months. I've noticed that alerts lag. But when the 3B reports are pulled, they have the most recent information available. I recently had an alert fly in giving me information that was already reflected on the 3B report that was generated a couple of days previously.

Re: Myfico vs Credit Check Total

909 — Sat, 03 Jun 2017 11:06:08 GMT

I've been using MyFICO for over a year and CCT for about 6 months. I'd agree that CCT tends to use more recent scores.

Equifax in particular seems to lag on myFICO, it hasn't updated since April 7th while EX and TU have each updated in the last week. I still prefer the overall usability of myFICO.

Re: Myfico vs Credit Check Total

Anonymous — Sat, 03 Jun 2017 12:51:42 GMT

More alerts on CCT this morning. Still basically nothing from MyFico for a week. Pretty frustrating. Even free monitoring sites are fast. WalletHub is the fastest ever, but it's a FAKO score.

Re: Myfico vs Credit Check Total

HeavenOhio — Sat, 03 Jun 2017 13:12:34 GMT

You can tell how up to date you are by looking at reports. As an example, it's pretty easy to know if your recent AMEX payment is included or not. Because myFICO provides score updates without generating a new report, you have to rely on the alert and maybe look at your report via another service. And you have to realize that the score change may or may not be tied to the alert.

My biggest annoyance with WalletHub is its use of relative dates (today, yesterday, six days ago, etc.). To top it off, it always says that information was last updated "today." Relative dates have their time and place, but they can't be used for everything. I'd submit that something like a credit reporting service should probably rely completely on calendar dating.

Re: Myfico vs Credit Check Total

Anonymous — Sun, 04 Jun 2017 00:19:56 GMT

Good point on WH and how they state when the data was last updated. "Earlier today" isn't concrete enough for me. I almost always do my CCT pulls late in the day rather than mid-day because I know if an update happened during the day it will be reflected in my pull, not possibly missed. It would be nice if there were time stamps on those things for sure.

Re: Myfico vs Credit Check Total

Anonymous — Sun, 04 Jun 2017 20:13:21 GMT

Oh I never thought of that. I do CCT at 5am and then some days I get an alert later with a new score but same CR on EX.