How accurate is Experian Score

[Anonymous]

I bought my score from experian 531....is this my true score.

ty

[cobaltnv]

No.  As of February consumers are no longer able to purchase their EX Fico score. The score you bought from EX is not a FICO score (basically it is a waste of $$).

Cheers 

[Anonymous]

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@Anonymous wrote:

I bought my score from experian 531....is this my true score.

ty

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It is not a FICO score.  Most likely, it is not the score any potential lenders will use.  It is commonly referred to on these threads as a FAKO score.

That being said, if you paid for it, the information contained in the report is important to know.  If there are any discrepancies and/or mistakes, you should act on them.

Message Edited by illtakecreditforthat on 07-31-2009 10:10 AM

[GregB]

Due to problems of a flaky soon-to-be-ex, I am paying for monitoring from EQ, TU, and EX. The EX is through Creditexpert.com. My reports from all three CRAs are very, very similar. EQ and TU FICO both agree exactly at 709 and usually agree within 5 points. My Plus Score FAKO from EX is 768.

I understand there is no fixed relationship such as 20% higher. They are based upon a different system so aren't directly comparable.

[smallfry]

It is accurate as far as their algorithm goes yes. If you go to Experian's Vantage Score site it will clearly show that the factors are weighed a bit differently than FICO. Having an mortgage tradeline is a big positive. No matter how clean your report is if you do not show a mortgage you will see 4 negative reasons why your score isn't higher. I just saw an example of this on another website. With a mortgage his score was 55 points higher and no negatives were listed. 3 weeks later once the mortgage dropped off the reports the score dropped 55 and 4 negatives were listed. Until the lenders start using the scores they are for entertainment purposes only.