@Mzjedwards1 wrote:
Hey everyone, I wanted to know which sites are being used to obtain accurate credit scores. I have Credit Karma , but the reviews are showing that as a FAKO score.. So what are you all using to gather the most accurate scores?
All scores are accurate. It's relevance that you need to focus on and not just FAKO versus FICO. There are many scoring models used by creditors and they do not all use the same scoring models. The different models evaluate report data differently and can have different scoring ranges so you can't just use a score generated by one model to determine a score generated by a different model.
If you want to know where you stand with a creditor score-wise you need to know the specific model and the CRA used in the decision for that product and then go pull that score. If, on the other hand, you're just monitoring your credit you can use just about any model out there but you really need to look at the bigger trends versus specific numbers and specific changes between numbers. Better yet, focus on the report data. Learn to understand your reports and the typical weights of the different factors. You'll need that understanding anyway in order to identify issues, work on addressing them and make progress.
http://www.myfico.com/crediteducation/whatsinyourscore.aspx
Any scoring model uses the data in a report to generate a score so good reports will lead to good scores regardless of model.
While most creditors use a FICO there are creditors that use VantageScore 3.0 as well as other creditors that do not use a FICO. Even with those that use a FICO they don't all use the same FICO model. FICO has many models used by creditors. See also the Understanding FICO Scoring subforum and its stickies. FICO 8 is currently the most commonly used model but, again, not all creditors and products use FICO 8 in the decision making process.
Best is always highly subjective regardless of topic and you need to clearly define your requirements. Are scores the only things that matter? Do you not need report data? How often do you want scores and/or reports? Do you want regular updates or can you live with only updates based on trigger activity? myFICO's monitoring, for example, is a trigger based service and not all activity with a scoring impact is a trigger so your reports can change an impact your scores without triggering updates from myFICO in certain situations. How much are you looking to spend? What specific scoring model(s) do you need?
Always provide as much info as possible and don't just assume that "best" is a universal matter. Everyone does not use the same solutions as their needs, preferences, requirements and budgets, etc vary. I don't use any of the pay services aside from myFICO on an as-needed basis for one-time purchases and I've only ever done that once. I use Credit Karma for my TU and EQ report data with weekly updates. I do get different FICO's from some of my creditors including TU FICO 8'a from Discover & Barclaycard, EX FICO 8 from AmEx, EQ FICO NG2 from PenFed, EX FICO 8 BankCard from FNBO, EX FICO 2 from NASA FCU and I should be getting an EQ FICO 8 BankCard from Citi as well.
Don't overlook existing threads as a resource as well. Monitoring services and other sources for scores are very common topics here. Credit Check Total and myFICO are popular options for services that provide FICO's but there are other services that people use as well (not all provide FICO's though).
@Mzjedwards1 wrote:
Credit One Platinum $450 / Capital One Platinum: $400 / Wells Fargo Platinum: $300 /Kohls $300/ Fingerhut $500/ Total Visa $300/ Express $250
Started with high 400 scores 2015
2012: BK discharged, charge offs, delinquent/closed accounts, student loans
TU: (620 as of 6/2016) / EX:624 (as of 06/2016) / EQ:629 (as of 6/16)
The scores and limits reflect that there are significant issues with your credit profile. Don't just rely on the passage of time for your scores to improve. The BK is something that you cannot do anything about and it will have an impact until it falls off. However, you need to carefully research to see if you can do anything to address your derogs. Hit the Rebuilding subforum. You want removal of everything possible. Check your scores when things are removed.
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Starting Score: TU-470 4/11/19, EQ-482 4/11/19, EX-486 4/11/19
