topic Re: Fico scores? in Rebuilding Your Credit

Fico scores?

Anonymous — Tue, 01 Aug 2017 21:55:52 GMT

Does anyone know if the scores that are purchased through Experian are the actual FICO scores that lenders use to determine credit worthiness? It says it's a FICO 8.
I have accounts with several places that give me credit scores , credit seasame, nerd wallet, and capital one and the numbers are VERY far off from the scores given to me by experian. The 3 bureaus from experian are all within 5 points of each other but the scores from the free sites are 30- 80 points lower. Which is the right ones?

Re: Fico scores?

MrTom — Tue, 01 Aug 2017 22:58:11 GMT

The majority of lenders uses FICO. There are different versions of FICO but FICO is the most used and the score you want to go by.

Credit Karma, Wallet Hub, Transunion, Credit Sessemi uses Vantage scoring. Equifax uses a Equifax score. These are educational scores.

Experian 3 CB Report uses FICO. Your Experian FICO 8 score is different between FICO 8 Equifax and FICO 8 Transunion. Different CB collects different information, and this minor difference is enough to give you different scores between the 3. For me, Equifax is my strongest score, but for you it could be Transunion.

Re: Fico scores?

J-F168 — Wed, 02 Aug 2017 00:52:30 GMT

My fico scores from Experian.com are the same like those purchased here (myfico.com) same scores on creditchecktotal, those purchased from Equifax are lower.

Re: Fico scores?

Anonymous — Wed, 02 Aug 2017 02:06:48 GMT

which fico source do you reccomend

Re: Fico scores?

MrTom — Wed, 02 Aug 2017 04:12:54 GMT

I honestly like theExperian 3-Bureau Credit Report and FICO Scores because I can pull my reports and scores daily. (For all 3 you have to order the reports, which is free w/ subscription). If you are a person who wants to check daily this is the best route. This will give you FICO8 scores. This is what I use, and honestly the score simulator is fairly accurate too. (It only works for your experian score).

myFico (This site) has a 28 score report you can get. They do monitor your credit reports for changes, but it is delayed from experience. This is also FICO based, but it tells you all your FICO scores. Your fico8 updates as it detects changes, and your 25 other scores under the 28 report is quartly. You also get signed up for this black market service and if your credit card was ever compermised, it will find it and it keeps an eye out for anything going foward too.

Re: Fico scores?

Anonymous — Wed, 02 Aug 2017 14:05:51 GMT

Thanks for all the replies guys! I appreciate all the advice. Experians 3b fico is showing I have had a 70 point increase with all 3 bureaus since April so I didn't want to get my hopes up if the score wasn't legit. Thanks for all the advice.

Re: Fico scores?

rmduhon — Wed, 02 Aug 2017 15:05:29 GMT

If you are wanting to track your scores for a mortgage or auto loan I'd suggest getting your scores from here because they peovidevthise in the 28 different versions.

Re: Fico scores?

MrTom — Wed, 02 Aug 2017 16:42:35 GMT

Congrats on the 70 point increase! You must of been working your little ass off getting to where your at. Hardwork pays off.

Re: Fico scores?

BungalowMo — Wed, 02 Aug 2017 17:46:22 GMT

Welcome to the boards Mmg!!! And congrats on that score increase too!

If you have any questions or need help with any credit topics or questions, you're going to find a lot of excellent info here.

Been a member here for years & these folks got me from the low 500's to the high 700's!!

Personally, I've found that other site forums (like Credit Karma, Quizzle, etc.), have so much misinformation it's painful to read! When I have tried to explain to folks that creditors don't use the scores on those sites...I was repoerted! I gave up on trying to educate them...lol

Re: Fico scores?

Anonymous — Wed, 02 Aug 2017 18:40:38 GMT

@MrTom wrote:
I honestly like theExperian 3-Bureau Credit Report and FICO Scores because I can pull my reports and scores daily. (For all 3 you have to order the reports, which is free w/ subscription). If you are a person who wants to check daily this is the best route. This will give you FICO8 scores. This is what I use, and honestly the score simulator is fairly accurate too. (It only works for your experian score).

myFico (This site) has a 28 score report you can get. They do monitor your credit reports for changes, but it is delayed from experience. This is also FICO based, but it tells you all your FICO scores. Your fico8 updates as it detects changes, and your 25 other scores under the 28 report is quartly. You also get signed up for this black market service and if your credit card was ever compermised, it will find it and it keeps an eye out for anything going foward too.

Can you link to the Experian 3-Bureau Credit Report. I would like to take a look at it.

Re: Fico scores?

Anonymous — Wed, 02 Aug 2017 18:42:30 GMT

@Anonymous wrote:
Does anyone know if the scores that are purchased through Experian are the actual FICO scores that lenders use to determine credit worthiness? It says it's a FICO 8.
I have accounts with several places that give me credit scores , credit seasame, nerd wallet, and capital one and the numbers are VERY far off from the scores given to me by experian. The 3 bureaus from experian are all within 5 points of each other but the scores from the free sites are 30- 80 points lower. Which is the right ones?

Credit Karma, Wallet Hub, Savvy Money, Credit Seasame, Nerd Wallet use what is called a VantagScore (I think it's up to 3.0 now). I like them because I can get an updated credit report and see where I stand as I am rebuilding. The nice part of MyFICO is that it is your FICO score and they give you the other scores.

Re: Fico scores?

Anonymous — Thu, 03 Aug 2017 00:30:38 GMT

Thanks! Funny thing is I started this in April and I have felt like I'm not making any real progress. But it really is a lot of progress. I still have a long way to go and I must remember This didn't happen over night and it won't be fixed overnight either. I really appreciate all of the advice and encouragement guys!

Re: Fico scores?

MrTom — Fri, 04 Aug 2017 04:34:15 GMT

Go to their website and look. They offer free reports once a month :-D

Re: Fico scores?

MrTom — Fri, 04 Aug 2017 04:39:49 GMT

Once you get the hang of it, you won't beleive how easy it is. I went from a credit report that would of been best used as toilet paper to something worth loking at

This board is a HUGE resourse of help. If you have any baddies you dont know how to handle share it here and you'll be surprised with all the tips and what worked for me replies you get.

@Anonymous wrote:
Thanks! Funny thing is I started this in April and I have felt like I'm not making any real progress. But it really is a lot of progress. I still have a long way to go and I must remember This didn't happen over night and it won't be fixed overnight either. I really appreciate all of the advice and encouragement guys!

Re: Fico scores?

Anonymous — Fri, 04 Aug 2017 10:21:21 GMT

Credit one just accepted me but it said my score was 667 when it's not even in the 600's yet. I guess they have the type of experian that is more stronger than the others. I was wondering where they get those information from.

Re: Fico scores?

Anonymous — Fri, 04 Aug 2017 13:22:30 GMT

Experian are your scores you want.

Re: Fico scores?

MrTom — Sat, 05 Aug 2017 03:43:46 GMT

Keep in mind there are 28 different possable FICO Scores.

The bigger question is: What scoring model did Credit One use and where did you get your sub 600 score?

If you need a free FICO8 score, Discover gives the out free once a month to anyone. This is from your experian report.

@Anonymous wrote:
Credit one just accepted me but it said my score was 667 when it's not even in the 600's yet. I guess they have the type of experian that is more stronger than the others. I was wondering where they get those information from.

Re: Fico scores?

hawkins — Thu, 14 Jun 2018 09:42:45 GMT

I feel the same way. This VantageScore nonsense is incredibly frustrating. My FICO scores have all risen nearly 100 points since May alone yet my VantageScores all dropped! That to me is just crazy. I am working like crazy to improve my credit in all ways but Find the different scores on TU Equifax and Experian frustrating. The same stuff gets recorded but one is higher then the other for example. My Experian score sits at 699 right now but if you go to TUs site it says 678. Weird.