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Talked to an awesome dude at Bank of America, and gave me some pretty good updates.
Effective March 2016, Equifax FICO scores will be available online and update each month (a lot like Chase Slate, but Equifax).
Guy was not sure if its FICO 08, or the bankcard score.
Sweet!
I can tell you for 100% certainty, it isn't equifax, its Transunion.
And it's 08.
And it starts in January. (Maybe not tomorrow, but very soon in January.)
Why is the EQ score not common?
@Hokies2379 wrote:I can tell you for 100% certainty, it isn't equifax, its Transunion.
Yes, it's 100% Transunion.
@Anonymous wrote:Why is the EQ score not common?
BoA uses Transunion for account reviews. Ditto for Barclay and Discover. Since they are already pulling TU-08 scores, it is free to provide them. Citi, NC SECU, DCU and Penfed pull EQ for account reviews. Therefore we get EQ-08 BE, EQ-08, EQ-04 and NextGen EQ scores (the version each bank/CU pulls). American Express uses EX-08 and we get a monthly EX-08 score.
What we need to do is to put pressure on Cap1 to provide the Equifax FICO scores they pull. I believe Cap1's primary FICO model is EQ-04. It would be incredibly helpful for someone looking at a mortgage to have free access to the score. Not to mention it would help people understand how Cap1 sees them if they are seeing the same score Cap1 uses.
US Bank pulls Transunion for their account reviews. While we have many choices for TU, I believe they use FICO 04 (mortgage). It would be the only free TU-04 score available. To be able to chart your TU mortgage score would be worth getting a credit card from US Bank to me. I would recommend it to all of my friends and family.
If you want more Equifax choices, we need to ask the banks and credit unions that use Equifax to give us access to the AR scores they are already pulling. Please remember if Cap1 or US Bank asks your opinion in a survey to ask for the free FICO score.
Note: Cap1 and US Bank do provide "educational" TU credit scores. I don't have a problem if they wish to keep on providing those services. However, the educational scores aren't that useful.
EDIT: added Citi to the list of providers of EQ FICO scores. I was only listing banks/cu's I am a member of. I obviously do not use my Citi DC card much.
Wish I had known that US Bank had a Fico 04 before I started my mortgage freeze. Hopefully it is on the stickied list of scores available. I'm also hoping that BofA has a EQ score, because the current offerings aren't great.
@Anonymous wrote:Wish I had known that US Bank had a Fico 04 before I started my mortgage freeze. Hopefully it is on the stickied list of scores available. I'm also hoping that BofA has a EQ score, because the current offerings aren't great.
I'm pretty sure that the free EQ Fico score that DCU provides is the mortgage/Beacon/5 score. I'm not 100%, but I'm sure someone else will chime in.
https://www.dcu.org/account-services/FICO.html
The link gives the range 300-850, but it doesn't say which kind it is. Looking at a couple other threads and judging that mine isn't the same EQ score as myfico provides, I'm assuming it's mortgage.
lol.....
was like "**bleep**" when i saw equifax.
then all the following posts.
lol.