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Experian Fico vs MyFico.com

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Kchristophe11
New Contributor

Experian Fico vs MyFico.com

Trying to understand how the Experian9 from Wells Fargo (713) can be so much lower than the Experian9 (731) reported on MyFico.com.

They were both updated on same date.

Any takers..
Message 1 of 11
10 REPLIES 10
Girlzilla88
Valued Contributor

Re: Experian Fico vs MyFico.com

Just because they were reported updated on the same date doesn't mean they both updated that same time/date.     I know it sounds confusing but a lot of the time when MyFICO updates it will update with current information as well so let's say you paid down a card 250 and it says your MyFICO dropped in points you think...what I should be seeing an increase because it went down on the utilization etc BUT it's because of other information collected that the score dropped not just the decrease on the card.    That is why some may say your score went up while MyFICO may have you at a drop (for now).    Timing and Information being received is everything.    







Message 2 of 11
Girlzilla88
Valued Contributor

Re: Experian Fico vs MyFico.com

*** Here is it explained more prettily lol  ....Your FICO Score may change because of other events not monitored by a FICO alert.  Whenever we send you a credit alert, we also send an updated FICO Score. To ensure you get the most current score, we calculate it based on your entire credit report at that point in time—not just the new information on the alert. This means your new score may reflect other changes that are outside of the things we watch for.    So sometimes you may see your score increase when you think it should’ve decreased, and vice-versa, but you’ll always have your most up-to-date and accurate score.







Message 3 of 11
Kchristophe11
New Contributor

Re: Experian Fico vs MyFico.com

Thanks!
Message 4 of 11
Kchristophe11
New Contributor

Re: Experian Fico vs MyFico.com

Ok thank you!
Message 5 of 11
Girlzilla88
Valued Contributor

Re: Experian Fico vs MyFico.com

You're welcome Smiley Very Happy







Message 6 of 11
Rebuild2019
Valued Contributor

Re: Experian Fico vs MyFico.com

@kchristophe11 I bank with Wells Fargo and I think they are using their version of EX FICO 9. The scores are never the same.

This is why there is always a difference. If you sign of for discover EX FICO the scores on that date are the same.

This is why Wells Fargo wants more of your information.

CARDS: Discover It | Kohl’s | Truist Spectrum Cash Rewards | Truist Bright | CITI Custom Cash | Chase Freedom Flex | Chase Amazon Prime Visa | VACU Cash Rewards Mastercard | Sam’s Club Mastercard | PenFed Gold Visa | NFCU CashRewards Plus | NFCU More Rewards | NFCU Platinum Visa | AMEX BCE | Verizon Visa | Wells Fargo Active Cash | Amazon Prime | AAA Daily Advantage | US Bank Cash+ | Wells Fargo Reflect | Citi Costco Visa | Wells Fargo Personal Loan | NFCU Auto Loan
>Starting Scores 05/2019: EQ:519, EX:525, TU:574

CLOSED : Capital One Quicksilver One | OpenSky |

BUSINESS CARDS: Amazon Business Prime AMEX
Message 7 of 11
Kchristophe11
New Contributor

Re: Experian Fico vs MyFico.com

Makes sense! Many Thanks!!!!
Message 8 of 11
Anonymous
Not applicable

Re: Experian Fico vs MyFico.com

Some FIs pull everyones scores and then sit on them days or a week or more before they make them available to consumers. Its important to look for the information was pulled/accurate of of "date," if there is one.

3 things can cause 2 scores to be different, as BBS would say: Exact Time, Algorithm, and CRA. If all 3 match exactly, the score will match exactly. If not, one of those 3 are different.
Message 9 of 11
Kchristophe11
New Contributor

Re: Experian Fico vs MyFico.com

Thank you, but what are FI's?
Message 10 of 11
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