Different Score on the same day from same agency on 2 Web Sites

[Anonymous]

I pulled my score from TrueCredit and MyFICO on Equifax today morning, on one site I am at 748 and on other I am 694.

How can both differ , arnt they comming from the same reporting agency ?

Jay

[Lel]

TrueCredit does not offer a FICO score.  It uses a formula that includes the same elements that go into a FICO score, but the calculation is different.  Yes, it is using the same information that is used when you get a FICO score, but since the formulae are different, people often get scores that differ.

Think of it as two people reading an essay and each assigning a numerical grade to the score.  They may use the same grading criteria, but one person might give the essay an 81, whereas the other person grades it at 86. 

[Anonymous]

So if i want to see the same score my lender will see do i get from MyFico or some one else

Jay

[Lel]

If your lender is pulling your Equifax FICO score (specifically, the Beacon 5.0 version), then you can get the same score either here or directly from the Equifax website.

If your lender is pulling TransUnion, then the score from here may differ from what your lender gets.  This is because myFICO.com offers the TU 98 version, whereas a lot of lenders are now using the TU 04 version. 

[Anonymous]

Is truecredit gives TU, the info they show, is that real TU 04 or some thing else ?

[llecs]

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pbjay wrote:
Is truecredit gives TU, the info they show, is that real TU 04 or some thing else ?

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TrueCredit doesn't offer FICO scores. Scroll to the bottom of their score page and you'll see a greyed-out fine print section. It'll mention in there that they don't offer FICO scores.

ETA...specifically, the scores they offer are called TransRisk scores which are FAKO scores. I don't believe any lenders use them.

Message Edited by llecs on 12-22-2009 04:08 PM

[Anonymous]

Intersting so when i went to TU site and wanted my score report i got sent to TC.

Jay

PS: Also I hate any sites that try to trick you into joining that rewards prgram.