topic Re: MyFICO vs Experian Discrepancy in Score in Understanding FICO® Scoring

MyFICO vs Experian Discrepancy in Score

Geaux1 — Tue, 21 Mar 2023 03:45:00 GMT

I recently signed up for the myFICO Premier service while also having an active account through Experian. Can anyone help me understand why my FICO 8 score on MyFICO(Experian) is 40 points lower than the FICO 8 shown on the Experian site? I was under the impression that the myFICO score would refresh when Experian updated their score. (It was updated a week and a half ago). I thought having access to all 3 through myFICO would be my best option, but if it's not accurate it seems to be a waste of $.

Re: MyFICO vs Experian Discrepancy in Score

GZG — Tue, 21 Mar 2023 04:24:04 GMT

@Geaux1 wrote:
I recently signed up for the myFICO Premier service while also having an active account through Experian. Can anyone help me understand why my FICO 8 score on MyFICO(Experian) is 40 points lower than the FICO 8 shown on the Experian site? I was under the impression that the myFICO score would refresh when Experian updated their score. (It was updated a week and a half ago). I thought having access to all 3 through myFICO would be my best option, but if it's not accurate it seems to be a waste of $.

myFICO won't update as promptly as Experian's service will

only certain 'events' prompt myFICO to trigger an update for your score, and it'll be well behind Experian's website/service

Re: MyFICO vs Experian Discrepancy in Score

SouthJamaica — Tue, 21 Mar 2023 11:38:21 GMT

@Geaux1 wrote:
I recently signed up for the myFICO Premier service while also having an active account through Experian. Can anyone help me understand why my FICO 8 score on MyFICO(Experian) is 40 points lower than the FICO 8 shown on the Experian site? I was under the impression that the myFICO score would refresh when Experian updated their score. (It was updated a week and a half ago). I thought having access to all 3 through myFICO would be my best option, but if it's not accurate it seems to be a waste of $.

There is a time lag. But both a 1 1/2 week lag and a 40-point difference, are unusual in my experience.

Re: MyFICO vs Experian Discrepancy in Score

JoeRockhead — Tue, 21 Mar 2023 12:00:10 GMT

@SouthJamaica wrote:
@Geaux1 wrote:
I recently signed up for the myFICO Premier service while also having an active account through Experian. Can anyone help me understand why my FICO 8 score on MyFICO(Experian) is 40 points lower than the FICO 8 shown on the Experian site? I was under the impression that the myFICO score would refresh when Experian updated their score. (It was updated a week and a half ago). I thought having access to all 3 through myFICO would be my best option, but if it's not accurate it seems to be a waste of $.
There is a time lag. But both a 1 1/2 week lag and a 40-point difference, are unusual in my experience.

Have to agree with @SouthJamaica that the 40 point difference is very unusual. Do you happen to have Experian boost enabled? If so this could possibly explain the discrepancy in your scores.

Re: MyFICO vs Experian Discrepancy in Score

Geaux1 — Tue, 21 Mar 2023 17:32:43 GMT

Thank you for the responses. Yes, I do have a boost that led to +19 points, but good to know the inner workings of lag time etc. I'll be mindful of that in the future.