MyFico reporting lower score than actual bureau is?

[Anonymous]

Experian updated my Fico 8 score today and are reporting it as 719 at Experians own website - MyFico also updated my Experian Fico 8 score today and is showing it at 677.

I'm new to the MyFico subscription, and I'm sure there is a logical explanation for the discrepancy, but I'm on the $39 monthly subscription and I'm not sure I want to keep it if it's accuracy is suspect.

Not sure if this is the right forum, but any help is greatly appreciated. Thanks!

[Anonymous]

A score or source can never be "inaccurate."

You are comparing two EX8 scores, so both the bureau and scoring model are the same.  That's 2 out of 3 pieces of data that go into a credit score. 

The 3rd and final piece is the element of time.  If you're seeing 2 different EX8 scores, it simply means that the input data (credit report data) was different.  This could mean that one of your sources was using your report from (say) 2 weeks ago, where the other source was using your report from today.  Even though 2 scores are provided on the same day doesn't mean that the date used to generate the scores was identical on both days.  Usually somewhere on the page where a score is provided it will give the date of the report used.  If you have the ability to pull up the reports used by both sources to provide that score you should see what is different between the two.  Typically 9 times out of 10 you'll notice reported balance differences, which more often than not is the reason for score variances.

[SouthJamaica]

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@Anonymous wrote:

Experian updated my Fico 8 score today and are reporting it as 719 at Experians own website - MyFico also updated my Experian Fico 8 score today and is showing it at 677.

I'm new to the MyFico subscription, and I'm sure there is a logical explanation for the discrepancy, but I'm on the $39 monthly subscription and I'm not sure I want to keep it if it's accuracy is suspect.

Not sure if this is the right forum, but any help is greatly appreciated. Thanks!

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Its accuracy is not suspect. It's just that there is a short time-delay between experian.com data and MyFICO alerts.  If you were to pull your MyFICO 3B report today the scores would be the same.

[Anonymous]

Ok, I knew there were some logical explanations - thanks for the replies, I appreciate it!

[coreysw12]

MyFICO is almost always the last credit monitoring site to display changes to your score. And sometimes it doesn't even update at all, when other ones do. Nobody is really sure why - but it seems that the thresholds of what MyFico considers to be an alert-worthy change are a lot looser than many of credit monitors. And maybe they do soft pulls less frequently than others. Drives me nuts sometimes. But it is what it is.

@SouthJamaicais correct that if you did a manual MyFICO 3B report, it would pull the most accurate up-to-date info from your reports - it's only their "real-time" score monitoring service that lags.