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Hi everyone, I recently had a mortgage lender pull my credit scores and report to determine if I was eligible for a mortgage. Before I did that I had been to experian.com and transunion.com and signed up for "monitoring" with both so I could see my scores and reports for several months. According to Experian my score at the time was was 652. Transunion said 721.
When the lender sent me their report from Credco it said:
BEACON 5.0 (EFX)
564
FICO-II (XPN)
546
FICO Classic 04 (TUC)
602
Why are these so different? I feel like I wasted my money if these companies aren't giving me an accurate or even close to accurate score? Everything else on the report (accounts, debt, lates, etc) was correct, but the scores are off by over 100 points?
Since then I have been following advice to raise the scores, but I don't want to do another attempt yet. Mostly I'm curious why this is.
Any advice or answers would be greatly appreciated.
Wow....thank you! I didn't have these three in my list of diff scores...
Experian Plus Score (worthless)
MyFico Equifax/Transunion
Equifax
Transunion based on Vantage Score
Adding yours
Beacon 5.0
Fico II
Fico Classic 04
please add any others....
Hi jesirose and welcome to myFICO.
Unfortunately the scores you got from the Experian (Called "Plus" scores) and Transunion ("VantageScores") websites are not FICO scores and as you can see do not compare or correlate in any fashion to the true FICO scores pulled by your mortgage lender.
No one has been able to buy their own Experian FICO score since February of 2009. Creditors can pull Experian and also there is a CU (PSECU) in Pennsylvania that supplies that information to it's members only. You can only buy true FICO scores at a few places. One place is here at myFICO. I suggest you do an internet search for "myfico discount codes" to save a little money.
At one time you could also purchase your Transunion score at transunioncs.com but that site seems to have stopped doing that. Equifax will still sell you a FICO score but you have to look very hard to find it.
From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".