FreeCreditreport.com

[Anonymous]

I am new to this web site and this board. I was a member of freecreditreport.com. When i got my last report from them all three of my scores ranged from 630 to 690. When I went to apply for a home loan the loan officer told me my scores were between 520-560. How can this be? Then when I purchased my FICO score they are all in the mid 500s. Why does my freecreditreport.com show all three scores to be well over 600?

[Anonymous]

Unfortunately, FreeCreditReport.com sells FAKO's, not true fico scores that lenders used.

Sorry you had to find out this way. I am new at this too, and my broker sent me HERE to learn. So far I am trying.

Welcome and best of luck!

[haulingthescoreup]

FreeCreditReport-dot-com has great commercials, but like the other credit-monitoring services (TrueCredit, etc.) and like EX and TU, they're making a bundle selling FAKO scores to consumers who don't realize where their real scores are.

I don't know how often you can pull your reports from Free-yada-yada. I have TrueCredit, and I can pull all three reports daily, which I used to do. (Hey, I'm down to once or twice a week now! Mostly!) Many of us here have found that the ideal combination is to pay for all three FICO scores initially and then monitor our reports (not the FAKO scores) with one of the credit monitoring services. When we can see on our reports that something big has happened, that should have affected our scores, we can decide whether to pay here for FICO scores again.

Like others, I also have FICO Scorewatch, which does go up and down in terms of how often I seem to get alerts of EQ score changes, but over time, I've found that it's worth the money.

Since I have very little self-control when it comes to curiosity, I pull my scores a lot. But others don't buy until about 2 months before they plan to pull for credit, to see where they are, and then again right before they app.

[Anonymous]

I am using True Credit.

True Credit: 625   FICO:489

                    617             569

                    626             557

Not happy.

[haulingthescoreup]

Ouch, that's brutal! Yes, I should have thrown in my usual rant about read the TC reports, but don't look at the scores or the advice.

TC is weird --if your real scores are low-ish, the TC ones are often higher. If your real scores are around 700 or above, the TC ones are often lower.

[Anonymous]

I have TC also.

EQ Fico is 744. 

EQ on TC is 690

[braznyc]

As it's been stated TC and FCR give FAKOS, but they are excellent to just look at your credit reports, I like TC they give good alerts and tend to not take forever like FCR. I have to wait until around the summer before I can use myfico's products as I only have one score with EXP, but that will be changing, as 3 more accounts will be reporting to all 3 soon.

[Anonymous]

And that leads to my other rant- My TC reports aren't accurate, either.  I've been working on my scores for months - TC kept going up,up,up. FICOs haven't budged an inch. Poo!

[llecs]

Their score range is also different than FICO's. It goes from 330 to 830, rather than 300 to 850. Isn't there a FAKO score range out there that goes to 900?

Message Edited by llecs on 02-04-2008 10:05 AM

[Anonymous]

Hi jn, welcome to the forum. So sorry to hear of the disappointment.

I've heard SO many horror stories of other people who did as you did. To what purpose FAKO scores serve leaves me baffled. They are useless, ESPECIALLY when trying to purchase a house.

I suggest you get your credit reports from right here at myFiCO. And you get true FICO scores.