Getting MyFICO scores

Anonymous · ‎01-18-2008

wow... some bad news on FICO scores:

"Although the Fair Isaac Corporation's web site offers to sell borrowers "their FICO score," as if it were a single number, the company uses different scoring methods to rate a borrower's suitability for three types of credit—mortgages, automobile loans, and consumer credit— reflecting the loan default risks inherent to these different types of lending. It is not unusual for these scores to differ—by 50 points or more—for the same borrower. The score also depends on what credit reporting agency the data is obtained on, since not all creditors report to all three. The score Fair Isaac sells to borrowers is their consumer credit score, and the borrower can choose which agency the data is obtained from..."

Taken from: http://en.wikipedia.org/wiki/Credit_score_(United_States)

Sorry, but it looks like regardless of what you do, you are never going to see what the creditors see... Like I said in my previous post, it's a joke, and a really bad one.

Junejer · ‎01-18-2008

Major (I salute you)

there are different scoring "systems" for lack of a better term. There is auto-enhanced scoring, which is used by auto dealers and only measures how you handle automobile loans. Then there's credit card enhanced, which measures CCs. Then mortgage, which is what you basically see when you pull from myfico (ie. all of your credit). The tri-merge that my mortgage broker pulled recently is exactly what I see on myfico.com.

I hope this clears it up for you.