Fair Isaac scale 350?

[Anonymous]

I just applied for a land loan and my lender told me that my Fair Isaac was 219. I tried to get him to explain what that meant, because I understood that FICO stood for Fair Isaac Co.? But he told me that they use my Equifax score, which was 696, then they calculate a Fair Isaac from that, and it's on a scale up to 350. Anyone else heard of this, is he giving me a line of crap? He originally told me he could finance 80% of the appraised value of the land, but then when he pulled my credit and they got that 219 score, he could only finance 75%. So I'm pretty ticked and really don't understand his rational. I plan on going to his office tomorrow, and ask to see the equation they use, and try and get the 80%. Any ammo from you all is much appreciated! 

[Anonymous]

This are the

EQ= BEACON 5.0

EX= Experian/Fair Isaac Risk Model

TU= EMPIRICA 98 or 04 depending on the lender

So- a Fair Isaac score would be Experian

I have looked all over the place and can not find a score that goes to 350-

http://www.fairisaac.com/fic/en/product-service/Products-Services-Search.htm?f1={5C7CB0C9-FC42-4A60-...}

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angfento wrote:

I just applied for a land loan and my lender told me that my Fair Isaac was 219. I tried to get him to explain what that meant, because I understood that FICO stood for Fair Isaac Co.? But he told me that they use my Equifax score, which was 696, then they calculate a Fair Isaac from that, and it's on a scale up to 350. Anyone else heard of this, is he giving me a line of crap? He originally told me he could finance 80% of the appraised value of the land, but then when he pulled my credit and they got that 219 score, he could only finance 75%. So I'm pretty ticked and really don't understand his rational. I plan on going to his office tomorrow, and ask to see the equation they use, and try and get the 80%. Any ammo from you all is much appreciated! 

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