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Just curious......Experian now gives you a FICO score, is this the score lenders use or do they pull the FICO from other sources, i.e. My FICO
@ecxpa wrote:Just curious......Experian now gives you a FICO score, is this the score lenders use or do they pull the FICO from other sources, i.e. My FICO
It could be, but it depends on the lender. You'd have to contact the lender and ask them which credit scoring model they use and on which bureau they draw their data. If the bureau data and scoring model match the score you are accessing, that lender is seeing the same score you are assuming it is being acquired at the same time.
MyFICO is just a another credit monitoring service no different than Credit Karma and the likes, the difference is that MyFICO provides the entire range of different FICO scores rather than Vantage scores. MyFICO, just like any other monitoring services, still needs to pull data from the 3 bureaus in order to generate those scores it provides. Therefore no, lenders do not pull scores from MyFICO (they don't have MyFICO subscriptions for every applicant), they pull data from the bureaus and plug them into scoring algorithms to generate the score model they desire.
Like BBS said, if the FICO8 score is based on data pulled from the same bureaus at the same exact time (Experian in this case), they should all be the same regardless if it came from MyFICO, Amex monthly update, or directly from Experian's own credit monitoring services.
@ecxpa wrote:Just curious......Experian now gives you a FICO score, is this the score lenders use or do they pull the FICO from other sources, i.e. My FICO
Yes it's a score lenders use. It's the real thing.