topic Re: Differences in scoring agencies in Understanding FICO® Scoring

Differences in scoring agencies

Anonymous — Fri, 14 Sep 2007 12:32:54 GMT

I will be buying a new car soon. When I start checking my credit scores I have noticed that there is a wide range of scores depending on which website I check. For instance if I run my credit score on Equifax.com and then run the same score from Idenity Guard, True Credit, etc. and only look at the score for Equifax they are very different. Sometimes even 100 points. And all are for Equifax!! How do I know which agency is going to be used (and therefore which Equifax score the lender will see) when I go to purchase a car???

Message Edited by court316 on 09-14-2007 05:32 AM

Re: Differences in scoring agencies

fused — Fri, 14 Sep 2007 18:19:27 GMT

I would begin with the credit scoring 101 thread!

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=2654

For auto-enhanced scoring info

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&message.id=1231

Re: Differences in scoring agencies

Anonymous — Fri, 14 Sep 2007 19:29:50 GMT

The people who invented credit scoring must have been avid Dungeons and Dragons players. To calculate your score, they run their formula, then toss one red and three white d20s. If the red result is odd, they add the sum of the white d20s to your credit score. If the red die comes up even, the white d20s are subtracted.

Re: Differences in scoring agencies

Anonymous — Sat, 15 Sep 2007 16:57:13 GMT

My Equifax is really depressing me to no end...I had four baddies deleted and my score DROPPED 65 points. Same baddies deleted off TransU and Experian, scores went up 35 points and 28 points, respectively.