@SGTRECON39 wrote:
Hey Guys,
I have Transunion triple credit and my scores are 588-TU, 597-Exp, and 609 Eqfx. The other day I requested a credit limit increase from my HSBC visa and I received a letter in the mail declining me and they included my Equifax score which was 666. Why would there be such a huge difference on the calculations and which one should I believe is accurate?
Thank you in advance.
Hi there.
Those scores sold by TrueCredit are not FICO scores. These "scores" are what we call FAKO (non- FICO) scores. They are based on different scoring formulas than FICO and can be much higher or much lower than your actual FICO scores and therefore cannot be relied on for accuracy. I believe that these are TC scores what are called "Plus" scores and no lender uses them to make decisions. In fact there is no 3 in 1 service that sells FICO's at this time as far as I know.
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.
At one time you could also purchase your Transunion score at transunioncs.com but that site seems to have stopped doing that. Wal Mart now offers a TU score to those who have their store card and the Discover version.
Equifax will still sell you a FICO score but you have to look very hard to find it. You can get to it here: www.equifax.com/web-myfico-products/
The Equifax score your lender provided to you is most likely an accurate EQ FICO, In the letter did it say what type of EQ they used? Did it say something like "Equifax Beacon 5.0?
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".
