a little dazed and confused here...

[Anonymous]

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@GregB wrote:

No, the EQ FICO sold here is exactly the EQ FICO used for a mortgage. The TU FICO is one revision earlier than the TU FICO used for a mortgage. They are both Classic FICO scores. That makes most of the complex algorithm the same so it is more similar than any other score available for TU.

If I read your post correctly, you are saying that the info on the reports from EQ, TU, and EX are all exactly the same. If you have only had accounts with major creditors that report to all three CRAs, that is possible. My reports are all the same but that isn't true for most people. If they are the same then your mortgage application scores from TU and EX will be pretty close to the EQ FICO sold here.

With the additional info on the over 90 account, my opinion is now a bit different. I read it as they never credited you payment and it was eventually charged off. Sounds like she paid it but managed to have two 90-day lates reported. The key info is that it says "pays as agreed" in Status. That is a smaller deal and will continue to affect your score less as time goes by. Being a major late, they will hurt some until they drop off your reports at 7-7.5 years. The good news is the damage is done, and it will get better. The bad news is that BofA is about the worst at removing a late via GW. If anyone has ever managed it, it is VERY rare.

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Thanks again, Greg... I am slowly getting all of this straight in my mind.  I can see I have a lot to learn and just need to hunker down and study all the good info available here.  And I will double-check the 3 reports to confirm they are exactly the same, I may have skimmed over them too quickly.  I very much appreciate your input.
 

[Anonymous]

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@Anonymous wrote:

Who is reporting the 90 day lates?  BoA cc?  I would request bank statement from the months they show you as late, plus maybe a couple months before and after.  This will provide you proof of what you paid to them and when.  If your statements prove you made timely payments I would then dispute the lates with the original creditor with your past statements showing payments to them as proof.  If, upon receiving your old bank statements, you realize you had made an error and did mistakenly fail to pay, you can write a GW letter to them  explaining your situation and ask that they remove the lates as a gesture of goodwill.

As far as scores go, FICO scores are the only ones that matter as that's what they'll use when you apply for mortagage refinancing.  They will use EQ same I model that's sold here). TU04 (not available for purchase anywhere to my knowledge),  and EX (also not available for purchase anywhere).  They'll use the mid score of those 3 numbers.  So, basically the only real score you have is the EQ you purchased from here.  There's no telling if its your highest, lowest, or mid score.  You can make some educated guesses of where it falls among the three though by closely comparing the info reported on each of the three credit bureaus reports.

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Yes, Bank of America CC is the negative account.  The warden... oops, meant to say wife... cannot remember the original purchase, so I guess I'll have to take it up with BoA.  I'll request the statements as you advised and go from there.  Thanks for replying!

[Anonymous]

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@chasmith wrote:

Each of the CRAs sells a "FAKO" score from their website.  It's even more confusing because you can also buy a true FICO score from EQ.

You can get true FICO scores from MyFICO for EQ and TU, but the TU model is older than the one lenders use.

EX won't sell FICO scores to consumers.  The only way to get one is by joining one particular Credit Union in PA or having a lender provide it.

This is all wrapped up in contracts between Fair Isaac (owner of the FICO scoring algorithms) and the CRAs.  The CRAs are greedy and want to try to establish their competing Vantage Score with lenders (Fair Issac gets a fee eveytime a FICO score is generated).  But guess what, the FAKO they sell to consumers isn't the Vantage score either.  In their fine print they say it is for educational purposes only.

You could try identifying a reputable mortgage broker locally and work with them.  They'll pull a true triple score, and have to provide it to you.  That will cost you one inquiry, which shouldn't hurt much.  Take it from there, but I'd still suggest you clarify the 90 day lates a bit more.

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Gotcha.  This and your other post helps a lot in explaining why I was so confused at first.  I probably should've spent a little more time reading on this website first, rather than looking for the Cliff Notes version.  Thanks.