@Anonymous wrote:
They bosth say FICO so I'm torn as to which to 'believe'.
You always need to consider the specific scoring model and not just FICO or FAKO. FICO doesn't have just one model and there isn't just one CRA used as a data source. See also the Understandting FICO Scoring subforum and its sitckies for info on the various FICO models.
It's not a matter of belief. It's a matter of relevance. What matters is the model & CRA used by a specific creditor/product. If, for example, a creditor is making a decision using a TU FICO 8 then only a TU FICO 8 will be relevant. Any other scores generated by other scoring models and/or based on other CRA data will not be relevant. This is an extremely common topic so don't overlook other discussions as resources as well.
@Anonymous wrote:
My have an american express card and and a citiband credit card. Both offer to show my FICO score.
The Amex website reports that as of 1/16 my FICO score was 739.
Citi's website says my score, as of 1/26,is 826.
Interestingly, in the sections where they note factors that could be affecting the score each site lists four entirely different 'reasons'.
Is this BS or do you find this to be legitimate?
Consider the models and CRA's. AmEx provides an EX FICO 8. Citi provides an EQ FICO 8 Bankcard. Your report data isn't necessarily the same with each CRA so it's certainly possible for reasons/factors to differ between EX and EQ -- and TU as well. You'd need to pull your reports with each CRA to confirm. We can't answer your question by looking at scores generated by two different scoring models based on different CRA's.
@Anonymous wrote:
I don't know enough about it.
It just says 'FICO'.
Can't speak to where you'd find the info on the Citi site but the model & CRA provided by Citi hav been discussed many times. Again, don't overlook other discussions.
As for AmEx, the page with the score states:
The FICO® Score we provide is the FICO® Score 8 based on data from Experian
@Anonymous wrote:
So...I though each credit bearau made up their own scoring, but FICO was consistent.
Clearly that's not the case either.
Scam much?
No, you don't understand what you're looking at. That doesn't make it a scam.
FICO doesn't have just one model. You cannot use the score generated by one model to determine a score generated by another model. You also cannot use a score generated using the data from one CRA to determine a score generated by another CRA.
Different models evaluate report data differently and can have different scoring ranges. Data can vary from CRA to CRA. Data can even vary with a given CRA as your report updates. Your report is not static. Any scoring model will use the data in a report to generate a score. Even if the scoring model and CRA are the same but scores are generated on different dates with significant enough data changes the scores can also differ.
You cannot simply assume that any FICO should be the same as any other FICO. The scoring model, the CRA and the report data itself (really, the last two points are redundant) all matter.
@Anonymous wrote:
So...when somebody says "waht's your FICO score?" is there one main correct number that people use?
You cannot rely on just one score. Creditors do not all use the same scoring model. For most models you have a score with each of the 3 major CRA's.
FICO 8 is the most commonly used model but it is not used for by all creidtors/products.
@Anonymous wrote:
One of my scores I see online is super, while the other is ok. It's just so odd.
Don't just focus on the numbers themselves. An 826 with a FICO 8 Bankcard is not an 826 with a FICO 8. They have different scoring ranges.
@Anonymous wrote:
Is there no consistency?
A given model is certainly consistent. However, you cannot assume that there is consistency between or among models. They don't have causal relationships. They evaulate report data differently. Two different models can coincidentally produce similar or even the same numbers in certain cases but remember that coincdiental and causal are not the same thing.
+
850 FICO8 since 2015, Thanks MyFICO - 5+ years since last HP
