topic Re: Scoring question-edited in General Credit Topics

Scoring question-edited

Anonymous — Sun, 12 Jan 2014 21:56:18 GMT

Hello all,

I have a question about having different scores reporting and I don't understand why.

I used trusted id credit and protection service offered thru aarp (I'm on my moms family credit and score monitoring account). I pulled my scores from them on 1/9/14 which gave me:

TU:662

EQ:649

EX:632

Then I went on Walmart to check my score and it says:

TU:681 (1/3/14)

walmart uses TU to get the score but my question is, which scores do I believe? Also on walmarts report it says that my score is affected because I have a serious delinquency on my report over 60 days which is from 1/2010 for my student loan, my loan has never been late since then, should I try to ask AES to remove it as a courtesy or do they not do that? Sorry to sound dumb but I'm just trying to figure this credit scoring thing out. Any answers would be greatly appreciated.

thanks!

Re: Scoring question

09Lexie — Sun, 12 Jan 2014 21:45:46 GMT

Welcome to the forum. Unfortunately, your images are not showing but I can still give you some assistance.

Trusted ID does not provide a true FICO but a FAKO score. Walmart provides a FICO based on TU08.

Derogs of 120 days or more are considered major and they will impact your score longer than 30-60 day lates. You may ask the creditor to remove the delinquency but they are not obligated to change the reporting. For more information and examples of GW letters, take a look in our Rebuilding Forum.

Re: Scoring question

Anonymous — Sun, 12 Jan 2014 21:57:40 GMT

Thanks for your reply.

Re: Scoring question-edited

LearningMoreAboutCredit — Sun, 12 Jan 2014 22:42:23 GMT

Read this to broaden your perspective on scores: http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/The-many-flavors-of-FICO-Editions-versions-and-variations/m-p/1197617

Re: Scoring question-edited

takeshi74 — Mon, 13 Jan 2014 13:29:37 GMT

@Anonymous wrote:
walmart uses TU to get the score but my question is, which scores do I believe?

You can believe both but the Trusted score, as pointed out above, is a FAKO and no creditor uses it to make an approval decision. Whether or not a creditor uses the FICO model that Walmart provides depends on the creditor. First of all, FICO has a number of different models that creditors use that can result in varying scores. Second, not all creditors rely on Trans Union.

@Anonymous wrote:
should I try to ask AES to remove it as a courtesy or do they not do that?

Never know unless you try.

Re: Scoring question-edited

Anonymous — Mon, 13 Jan 2014 18:01:17 GMT

Derogs of 90+ days are all considered major derogatories.