The score provided by EQ with membership is not FICO - It's their own proprietary scoring model. This is stated on their website (and, I believe, under the FAQ for the score provided):
"The Equifax® Credit Score is based on the Equifax Credit Score model. Third parties use many different types of credit scores and will not use the Equifax Credit Score to assess your creditworthiness."
FICO is the one with which you want to concern yourself.
The score is useless, yes. But the ability to pull / review daily reports may not be. That is something you'll have to determine.
@Anonymous wrote:
MyFICO shows my EQ score at 648 (as of today) yet when I login directly to Equifax it shows my score as 685 (as of today). I have paid memberships for both MyFICO and Equifax. I can pull my EQ report daily from Equifax and I always do to compare when MyFICO releases my monthly update. I just don’t understand the large difference. Any thoughts?
Same here, except in reverse! myFICO shows my EQ score at 725 but the Equifax scoring model gives me 675. Go figure!
I do find it useful to be able to pull a full Equifax report anytime. Helps check whether something has been added or deleted, for example.
@Anonymous wrote:
MyFICO shows my EQ score at 648 (as of today) yet when I login directly to Equifax it shows my score as 685 (as of today). I have paid memberships for both MyFICO and Equifax. I can pull my EQ report daily from Equifax and I always do to compare when MyFICO releases my monthly update. I just don’t understand the large difference. Any thoughts?
EQ offers multiple products. Some products provide a score based on an internal EQ model. Others (such as Score Watch) provide a Fico mortgage score - see paste below. The Fico mortgage score is a true Fico score - same as on a 3B report. However, mortgage scores are not Fico 8 version scores.
