@Anonymous wrote:
Today my LO pulled my credit reports:
Experian FAKO shows 711
Equifax FICO 630
TU FICo 634
Get this, Experian FICO 635.
Where the heck does this FAKO fall from ? That is 86 points totally OFF
K-
Experian has been pushing two FAKO score models to consumers... Plus and Vantage which use different scales than FICO and assign different weights to the various aspects of a CR.
http://www.experian.com/consumer/ca-myFICO.html
The Vantage scale ranges from 501 - 990 and aims to assign a familiar "letter grade":
A: 901–990 (Super prime)
B: 801–900 (Prime plus)
C: 701–800 (Prime)
D: 601–700 (Nonprime)
F: 501–600 (High risk)
The Plus scale ranges from 330 - 830
FICO of course uses a scale ranging from 300 - 850
Unfortunately, most FAKO scores calculate higher (sometimes much higher) than FICO scores which, if mistakenly compared to the FICO score range, may give a false sense of credit score health.
If the info in all three CRAs is similar, the FICOs should be similar - as is shown in your case.
Just to illustrate the potential ranges in credit scores in my case:
My EX Plus score was 748 or 8/3/09.
My EX Vantage score was 807 on 8/3/09.
