topic FICO Showed Me My Score Isn't THAT Bad in Understanding FICO® Scoring

FICO Showed Me My Score Isn't THAT Bad

counticecream — Fri, 19 Oct 2018 00:45:57 GMT

Here I thought that my credit was sitting idly at 506-520 (I had been using Credit Karma and Capital One's credit tool as an indicator). I took a leap of faith and applied for a new apartment building, even going out of the way to tell my rental agent that I had bad credit and gave her an explanation that I was in the process of paying and getting accounts removed from my report. Low and behold I come back APPROVED with the reduced security deposit even.

I'm shocked, and so I immediately purchase myFico, and it turns out that when I checked all 3 of my FICO scores that I was sitting at 620 across bureaus.

Obviously it's not my end goal, but I am a lot better off than I thought I would be.

Re: FICO Showed Me My Score Isn't THAT Bad

Anonymous — Fri, 19 Oct 2018 00:51:44 GMT

@counticecream wrote:
Here I thought that my credit was sitting idly at 506-520 (I had been using Credit Karma and Capital One's credit tool as an indicator). I took a leap of faith and applied for a new apartment building, even going out of the way to tell my rental agent that I had bad credit and gave her an explanation that I was in the process of paying and getting accounts removed from my report. Low and behold I come back APPROVED with the reduced security deposit even.

I'm shocked, and so I immediately purchase myFico, and it turns out that when I checked all 3 of my FICO scores that I was sitting at 620 across bureaus.

Obviously it's not my end goal, but I am a lot better off than I thought I would be.

Congrats on the Apartment. You have been looking at FAKO scores instead of FICO from CK and CO. There are dozens of score models used by lenders and to my Knowledge very, very few use the Vantage model. Enjoy your place

Re: FICO Showed Me My Score Isn't THAT Bad

counticecream — Fri, 19 Oct 2018 00:55:03 GMT

@Anonymous wrote:
@counticecream wrote:
Here I thought that my credit was sitting idly at 506-520 (I had been using Credit Karma and Capital One's credit tool as an indicator). I took a leap of faith and applied for a new apartment building, even going out of the way to tell my rental agent that I had bad credit and gave her an explanation that I was in the process of paying and getting accounts removed from my report. Low and behold I come back APPROVED with the reduced security deposit even.

I'm shocked, and so I immediately purchase myFico, and it turns out that when I checked all 3 of my FICO scores that I was sitting at 620 across bureaus.

Obviously it's not my end goal, but I am a lot better off than I thought I would be.

Congrats on the Apartment. You have been looking at FAKO scores instead of FICO from CK and CO. There are dozens of score models used by lenders and to my Knowledge very, very few use the Vantage model. Enjoy your place

Yeah - I've been lurking on these forums for a couple of weeks now and understand the issue with the FAKO scoring. It's mildly infuriating that financial companies can even be allowed to use something that isn't widly used as a credit standard and offering it was a "free service". Anyway, thank you!