topic Re: 60 point difference between My Fico equifax and pulled equifax in Understanding FICO® Scoring

60 point difference between My Fico equifax and pulled equifax

Anonymous — Sat, 13 Jun 2015 00:20:02 GMT

I'm sitting here at a car dealers about to buy a new car, supremely confident in my Equaifax FICO score being in the mid 770s thanks to my conditions feedback from MyFico. Well imagine my surprise with the dealer pulls my Equifax score and its 60 points lower than what I thought it was. The service I pay for on a monthly basis is marketed as the genuine article. While I can forgive a few points here or there, how on earth can it be that different? Has any one else experienced this??? It's shaken my faith in this service and I'm considering cancellation now.

Re: 60 point difference between My Fico equifax and pulled equifax

Revelate — Sat, 13 Jun 2015 06:18:00 GMT

@Anonymous wrote:
I'm sitting here at a car dealers about to buy a new car, supremely confident in my Equaifax FICO score being in the mid 770s thanks to my conditions feedback from MyFico. Well imagine my surprise with the dealer pulls my Equifax score and its 60 points lower than what I thought it was. The service I pay for on a monthly basis is marketed as the genuine article. While I can forgive a few points here or there, how on earth can it be that different? Has any one else experienced this??? It's shaken my faith in this service and I'm considering cancellation now.

Different industry option likely at a minimum (auto enhanced) and entirely possible it's an earlier model too.

End of the day, the only score that matters is what the lender pulls for you; can't fault you for being upset, generally before house or auto purchase I'd simply get the 3 report veiw and see where I stood explicitly with the mortgage or auto scores explicitly; unfortunately the monitoring doesn't give you that except once a year.

Re: 60 point difference between My Fico equifax and pulled equifax

takeshi74 — Mon, 15 Jun 2015 12:09:04 GMT

@Anonymous wrote:
The service I pay for on a monthly basis is marketed as the genuine article.

There's no such thing. There isn't one genuine/true/real/etc FICO. Creditors use a number of different FICO models. See also the Understanding FICO Scoring subforum and its stickies. If you want to know what score a creditor will pull for you then you need to know the scoring model and CRA used. Even then, you may not be able to get that score. Not all models are available to consumers.

In other words, it is a FICO but it is not the FICO.

Re: 60 point difference between My Fico equifax and pulled equifax

froggyapples — Sat, 15 Aug 2015 21:28:35 GMT

Djinn, I just experienced the same thing. Myfico says 685 (equifax) but the mortgage company says 667(equifax). Is there no recourse for such a discrepancy?

Re: 60 point difference between My Fico equifax and pulled equifax

Anonymous — Sun, 16 Aug 2015 00:39:54 GMT

Recourse because you dont understand how it works? Nah