Quick question, if experian... and fico is, then why do...

[Anonymous]

So, most of the credit card companies pull experian and then show transunion in their backend. But that's for another post, so... the credit card companies pull experian, who uses fico, right?

So instead of paying experian for the identity works pro or whatever it is called, should I just get the results from this website?

This website is the one where everyone is getting their algorithm from, correct?

[slither43]

Different CC companies pull different reports. Some pull one. Some pull two. Cap One pulls all 3. Some pull different ones in different geographical areas...

[Anonymous]

But at the end of the day, everyone only refers to fico scores... correct?

Even if they pull transunion, the denial letter shows your fico score

[SouthJamaica]

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@Anonymous wrote:
So, most of the credit card companies pull experian

It varies. In my case EX gets pulled more than the others. Other people have different experiences.

and then show transunion in their backend.

I don't know what you mean by the backend.



But that's for another post, so... the credit card companies pull experian, who uses fico, right?

FICO provides scoring models designed to be based on the credit bureau data. The credit card companies are applying a FICO algorithm to a certain credit bureau's data.

So instead of paying experian for the identity works pro or whatever it is called, should I just get the results from this website?

Several of Experian's services provide daily updates of your EX credit report and daily updates of 7 EX FICO scores. There's nothing like that on this site.

This website is the one where everyone is getting their algorithm from, correct?

You can't get the algorithm here. What you can get here is a monthly or quarterly update of a large set of FICO scores based on data from 3 credit bureaus.

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[SouthJamaica]

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@Anonymous wrote:
But at the end of the day, everyone only refers to fico scores... correct?

Yes every lender I've seen ascertains a FICO score based on the credit bureau data it pulled.

Even if they pull transunion, the denial letter shows your fico score

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  If it pulled transunion it will refer to one of your FICO scores based on the transunion data.

[Anonymous]

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@slither43 wrote:

Different CC companies pull different reports. Some pull one. Some pull two. Cap One pulls all 3. Some pull different ones in different geographical areas...

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Many that only HP 1 are also grabbing your other 2 via SP, so it's always best to assume that with any application all of your reports are being seen, not just the one that the HP is being taken on.

[Anonymous]

But they are all running off of fico in some way, or no?

I would like accurate readings of my credit scores. I don't really care too much about the report.


So far I am using everything imaginable that is free, from credit karma, to Experian all the way to savvy money which I just found today.

But now I want to pay. I want the real information and the up to date information.

How do I obtain this?

[Trudy]

If you are getting scores from Experian's site, it's a FICO score.  A paid subscription will give you a number of versions/models of your EX FICO scores.  Many free sites give you 1 or more bureau's V3 score and/or their specific bureau equivalency score (Credit Karma, Credit Sesame, WalletHub, Credit.com)...provide non FICO scores.  The majority of creditors when applying use FICO scores.

Many creditors and banks provide a version of a FICO score (Wells Fargo for one - FICO 9).  Many provided non FICO scores (US Bank, Cap 1, examples).  Just be sure to read the fine print regarding which score is being provided.  It's somewhere on all of these sites.

[Anonymous]

So fico scores, the scores provided by this website, are the "golden" scores??

If I pay this site, will I get to view all of my fico scores, whether it is an experian fico score or not?

Why would I get my score from anyone other than this website, MyFico?

I guess that is the question.

If lenders only care about your fico, wouldn't this be the place to get your "fico" score from... if your were going to pay?

I guess I am just a little confused with this whole process. Yeah, I get credit cards when I apply, but what is the big deal with TR EQ EX?

If they are using vangtage 3, which is free... and a spin off of a mix of fico scores combined into to one, or something crazy like that... which supposedly does not matter because it is not a fico (it is a fako - according to some on the internet), and experian has their rating, but their rating is a fico of some sort... why would I not just buy my scores and reports from here... I added reports because it is a bundle, even though I do not care to view them, if I have them, I will.

[Anonymous]

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@Anonymous wrote:

I would like accurate readings of my credit scores. I don't really care too much about the report.

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I might suggest that you consider flip-flopping your view on this.  Your reports are what matter far more than your scores.  FICO scores are only an attempted numerical representation of what's on your CR.  The data on your CR is the real meat and potatoes.  You can have two identical scores, say 700, but one comes from a very strong profile and the other from a very weak one.