topic Re: Experian fico VS. Experian plus ? in General Credit Topics

Experian fico VS. Experian plus ?

CreditDrama85 — Sat, 23 Feb 2008 23:49:48 GMT

what the heck is the difference? i thought an experian score was an experian score? why would the same credit bureau have 2 different formulas? what is the point?

Re: Experian fico VS. Experian plus ?

Anonymous — Sat, 23 Feb 2008 23:54:53 GMT

FICO is FICO

Plus= Experian

EXP also has a TU Plus and EQ Plus scores - they are all FAKO's

Re: Experian fico VS. Experian plus ?

braznyc — Sun, 24 Feb 2008 00:08:41 GMT

Ditto to what Timothy said.

I don't even pay attention to any of those scores on TC or FCR. I know they're fakos although EXP lists my plus etc score with them as 640, it's nice to see as a boost lol.

Re: Experian fico VS. Experian plus ?

Anonymous — Sun, 24 Feb 2008 00:50:06 GMT

FICO is just one of a few companies that designed a formula for reading credit reports. FICO scoring system can read and generate a score from Equifax, Experian, TransUnion, credit reports. Experian designed their own formula and so has TransUnion. When you pull your scores from a CRA, ie Eq, Ex, Tu they are generally talking about the industry standard FICO score. What you want to know is what formula does the lender use where you are about to apply. Then that would be the score you care about. Most lenders these days use FICO scores.

Re: Experian fico VS. Experian plus ?

Anonymous — Sun, 24 Feb 2008 03:29:33 GMT

experian does not comply with my fico on some stuff. CCCU pulled experian plus. big difference between the plus and ex my fico. Take a look at the second part of experian my fico. no info. when i got an apt. they used ex plus.

Message Edited by casinoannie97 on 02-23-2008 07:27 PM

Message Edited by casinoannie97 on 02-23-2008 07:29 PM

Re: Experian fico VS. Experian plus ?

haulingthescoreup — Sun, 24 Feb 2008 05:52:30 GMT

@Anonymous wrote:

experian does not comply with my fico on some stuff. CCCU pulled experian plus. big difference between the plus and ex my fico. Take a look at the second part of experian my fico. no info. when i got an apt. they used ex plus.

It's true that Experian doesn't fully join in on the myFICO score reports, but the EX FICO scores are not affected by that.

That's interesting about CCCU using the PLUS score.

Re: Experian fico VS. Experian plus ?

Anonymous — Sun, 24 Feb 2008 14:23:41 GMT

i know so as i lost 19 pts for their inquiry eq was a soft pull. If you read the ex my fico it tells you that ex does not provide this information they use tu standards on the don't-- like it will say no installment loans as a derogatory therefore lowering your score. TU is so far behind on my fico it is ridiculous. they want you to use vantage--BOOOOOOOOOO!!!! It's a crazy world out there.

Example: My fico experian--704 Experian plus: 761 minus 19 pts for CCCU inq--742

My apt. mgr said they also pull experian as it's easier to read.

Message Edited by casinoannie97 on 02-24-2008 06:23 AM

Re: Experian fico VS. Experian plus ?

haulingthescoreup — Sun, 24 Feb 2008 15:04:06 GMT

@Anonymous wrote:

i know so as i lost 19 pts for their inquiry eq was a soft pull. If you read the ex my fico it tells you that ex does not provide this information they use tu standards on the don't-- like it will say no installment loans as a derogatory therefore lowering your score. TU is so far behind on my fico it is ridiculous. they want you to use vantage--BOOOOOOOOOO!!!! It's a crazy world out there.
Example: My fico experian--704 Experian plus: 761 minus 19 pts for CCCU inq--742

My apt. mgr said they also pull experian as it's easier to read.

OK, we've got several different things going on here. When your apartment manager says that "they also pull experian as it's easier to read," s/he is talking about the Experian report. I'm assuming that this means the full Experian report that comes directly from them. That doesn't tell you which Experian score they used; could be FICO, could be EX Plus or other FAKO.

The 19-point drop for an inq: what was that on? Your FICO EX score from here? The EX plus score?

What they're saying on your myFICO score report is that EX does not provide the "here's what you're doing right" information for the scales on screen 2. That's why you can see the scales for EQ and TU on screen 2, but not for EX. That's the same reason why the EX FICO score report doesn't have the simulator option that EQ and TU have. So Experian doesn't fully support the myFICO consumer product that we have here, in that they don't give the warm fuzzies that help you determine what you're doing right and where you need to be going. But they DEFINITELY fully support the EX FICO score.

If your FICO TU is very different from your FICO EX and FICO EQ, then it's worth taking the time to compare the reports line by line to find out why. But if the FICO TU is different from the EX Plus score or the TrueCredit whatever-it-is TU score or something else, then you're comparing apples to oranges to carburetors, and there will be no correlation.

Re: Experian fico VS. Experian plus ?

Anonymous — Tue, 26 Feb 2008 03:08:31 GMT

like i said before CCCU pulled EX plus and i lost 19 pts for the inquiry. my fico ex changes 1 pt every other month. My apt mgr pulled EX plus because their reports are easier to read he said. The only fico that really gives me a problem is EQ.

i DO NOT LIKE TRU CREDIT. I use experian's credit monitoring which gives you the negatives and positives and they do not still hang onto my 8-year old BK.

I have an inq coming off and hope i get my 19 pts. back.