topic Re: Dumb question in General Credit Topics

Dumb question

Anonymous — Fri, 19 Sep 2014 22:36:46 GMT

So the scores on this site say my middle is in the high 600's all scores are actually - but when I went to the bank to have them pull credit the scores were 100 points lower! Are these scores different?? Why?? Confused!

Re: Dumb question

CreditDunce — Sat, 20 Sep 2014 03:59:18 GMT

@Anonymous wrote:
So the scores on this site say my middle is in the high 600's all scores are actually - but when I went to the bank to have them pull credit the scores were 100 points lower! Are these scores different?? Why?? Confused!

It is not a dumb question. MyFico sells your FICO 08 scores. Your bank can pull different FICO scores depending on the loan. Most banks use FICO 08 scores for CC's. But for mortgages (which I assume you are looking for) use FICO 04/98.

If you haven't read the sticky on the different versions, I would recommend you do so:

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/The-many-flavors-of-FICO-Editions-versions-and-variations/td-p/1197617

Re: Dumb question

coldnmn — Sun, 21 Sep 2014 01:23:06 GMT

FYI The only dumb question is the one never asked. So don't be afraid to ask. You and everyone who reads and didn't know the answer will learn.

Re: Dumb question

spydergto — Mon, 22 Sep 2014 05:26:54 GMT

hehe , to quote the guy im currently learning from at work , there is no such thing as a dumb question , but you sure ask alot of them ....

my two cents... yea i ask dumb questions over and over, takes me forever to learn. I would suggest asking the person you dealt with at the bank if they

could enlighten you as to which model they used. normally they will tell you but not show or let you have copies. then once you have confirmation of what they used , post back here and learn more about what they used and the fico 08's you had. theres alot of data about it here somewheres.