Different Fico 8 scores on experian & myfico.com

[Aspireto850]

myFico peeps,

I have both experian and myfico.com credit monitoring. Just noticed today that my Fico 8 scores are different between the two specifically for Equifax; @ a 25 point different. Shouldn't they be the same? 

A few things to Note:

• I'm looking at just Fico 8 and not any other score model
• They have both been updated this week

thanks. 

[Anonymous]

Only 3 ingredients go into a credit score.  The scoring model used, the bureau data used and the moment in time that these first 2 pieces of data were used.  If you're seeing a score variance, one or more of these variables is different.  It sounds like you're comparing two EQ Fico 8 scores, meaning that the scoring model and bureau data is a constant.  That can only mean then that the two scores were generated at different points in time and that there was differing bureau data that went into each score pull.

[Anonymous]

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@Aspireto850 wrote:

myFico peeps,

I have both experian and myfico.com credit monitoring. Just noticed today that my Fico 8 scores are different between the two specifically for Equifax; @ a 25 point different. Shouldn't they be the same? 

Experian is very quick to update. I've had myFICO 3B+ ($39.95) and Experian CreditWorks Premium ($24.99) for 5 months now, and I've already seen the difference you experienced more than a few times.

I just wait for the final balance update of the month to be reported through myFICO alerts before I get my monthly 3B report.

Experian will have those scores a day or two earlier.

[Aspireto850]

Thanks!
@brutalbodyshots I totally get what you’re saying but my question is should they be the same score. If I generate my Fico8 score at the same exact time from the CBs should the score be the same since they should be using the score metrics for Fico8?

[Anonymous]

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@Aspireto850 wrote:
Thanks!
@brutalbodyshots I totally get what you’re saying but my question is should they be the same score. If I generate my Fico8 score at the same exact time from the CBs should the score be the same since they should be using the score metrics for Fico8?

The score is generated at EQ using their scoring module, with their own data.  It's not generated by Experian or myFICO.

For some reason or another, myFICO doesn't see the updates at the same time as Experian.

For example: right now Experian shows the correct statement balance for the first card that reports this month. If I were to pull a myFICO 3B report right now it would have the old score with the old statement balance.

[Anonymous]

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@Aspireto850 wrote:
Thanks!
@brutalbodyshots I totally get what you’re saying but my question is should they be the same score. If I generate my Fico8 score at the same exact time from the CBs should the score be the same since they should be using the score metrics for Fico8?

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It depends on if the score is actually being generated (as in refreshed/updated) at the same time, or if you're simply pulling up an old score at the same time.  Next to your score(s) you should see a date that it was generated.  One source may have provided you with a new score on the 25th of last month and the other source on the 1st of this month.  If you log back into the source of the score from the 25th, the score you're seeing is likely still from the 25th and didn't necessarily update on the 1st. 

[Aspireto850]

Thanks All! 👍🏼

[Anonymous]

Let’s think about it. If you were one of the three CRA‘s would you provide the data to third-party resellers as quickly as yourself and each other? That would devalue your service and the services provided directly by the other CRA‘s. To keep this advantage, they probably institute a delay on third-party CMSs would be my guess.

And CassieCard is exactly on point because even though the bureau is updated, you can pull a 3B and it still will not be. 😡 At least that’s been my experience.

[Anonymous]

What really scares me though is the inconsistency. For instance, one update to through MF took six days from when it was updated on EQ while another one was done within 24 hours. I mean if we just had some consistency it would be easier to deal with.

[KatieKatie]

I agree about the lack of inconsistency. I pulled my 3B on MyFICO once when I knew data was already updated on Experian. It was not on the MyFICO version. I called customer service and they added a 1B report for Experian back to my account to be pulled a couple of days later. I understand the alerts having a lag but I would think when you pull a 3B it should access the bureaus databases’s at that immediate point and time.