topic Re: Scores way different? in Understanding FICO® Scoring

Scores way different?

WildestDreams — Thu, 01 Dec 2022 18:58:20 GMT

I'm trying to understand why my Fico 8 scores from myFico and Fico 8s from Experian (membership for all 3) are way different? I know why the credit karma fako scores are different but this seems very odd? Fico 8 is fico 8 right? should be the same everywhere no?

anyway I'm post chapter 7, trying to rebuild, and I guess my really question would be where should I focus on to track my scores? as I probably should stop driving myself crazy looking at 8 different sites

for reference... all reports/ scores were updated today 12/1

myFico

Experian - 618

TU - 556

Equifax - 645

Experian

Experian - 629

TU - 610

Equifax - 669

thanks in advance for any insights or suggestions

Re: Scores way different?

GZG — Thu, 01 Dec 2022 19:01:04 GMT

@WildestDreams wrote:
I'm trying to understand why my Fico 8 scores from myFico and Fico 8s from Experian (membership for all 3) are way different? I know why the credit karma fako scores are different but this seems very odd? Fico 8 is fico 8 right? should be the same everywhere no?

anyway I'm post chapter 7, trying to rebuild, and I guess my really question would be where should I focus on to track my scores? as I probably should stop driving myself crazy looking at 8 different sites

for reference... all reports/ scores were updated today 12/1

myFico
Experian - 618
TU - 556
Equifax - 645

Experian
Experian - 629
TU - 610
Equifax - 669

thanks in advance for any insights or suggestions

I would compare the reports between the two and see what differences there are and see which report is the actual, current report reflecting the current, actual score.

Re: Scores way different?

WildestDreams — Thu, 01 Dec 2022 20:30:44 GMT

Thanks, both companies have info the same... is this strange? I know the scores can vary but fico 8 TU score should just be one score no matter where its from right?

I guess ill stick with myFico and not bother looking at or paying for experian's 3 companys monthly reports anymore

Re: Scores way different?

SouthJamaica — Thu, 01 Dec 2022 20:37:21 GMT

@WildestDreams wrote:
Thanks, both companies have info the same... is this strange? I know the scores can vary but fico 8 TU score should just be one score no matter where its from right?

I guess ill stick with myFico and not bother looking at or paying for experian's 3 companys monthly reports anymore

I'm not familiar with Experian's 3 bureau services, I subscribe to one of their Experian-only services, which updates the EX report and 7 or 8 EX FICO scores every day. I find that very valuable.

The other thing I use is MyFICO, which is of course super-comprehensive, but is expensive, and costs a fortune to update, other than once a month or once a quarter, depending on which service you have.

Re: Scores way different?

mgood — Fri, 02 Dec 2022 02:40:01 GMT

I'd bet that one has updated more recently than the other. I notice sometimes the FICO 8 from Experian and my Experian FICO 8 from myFICO are not the same, then a few days later they are the same.

Re: Scores way different?

WildestDreams — Fri, 02 Dec 2022 14:18:14 GMT

@mgood wrote:
I'd bet that one has updated more recently than the other. I notice sometimes the FICO 8 from Experian and my Experian FICO 8 from myFICO are not the same, then a few days later they are the same.

ahhh good to know, they both had said as of the same date, ill give it a few, the few points is strange but the TU score being 60points different is odd, anyway thanks!

Re: Scores way different?

WildestDreams — Sun, 04 Dec 2022 01:31:35 GMT

Well they are even more different today, crazy to me that FICO 8 isnt the same number everywhere... is the best practice to only look monthly or something? at this rate checking daily im going to make my self crazy.

Re: Scores way different?

FireMedic1 — Sun, 04 Dec 2022 02:22:31 GMT

@WildestDreams wrote:
Well they are even more different today, crazy to me that FICO 8 isnt the same number everywhere... is the best practice to only look monthly or something? at this rate checking daily im going to make my self crazy.

MyFICO updated 12/02 above. ^^^^ Look at when the other scores updated. Lagging behind.

Re: Scores way different?

WildestDreams — Sun, 04 Dec 2022 17:39:49 GMT

they had all said updated 12/2 - today the myFICO experian updated to match the experian fico. TU and equifax are still slightly different but I guess im just being nutty checking daily.

probably dont need to pay for 2 memberships, is myFICO the best membership/place to have to track?