Found a really accurate FICO estimator.

[Anonymous]

Hey everyone,

When browsing the net I have found a really accurate FICO estimator (at least for 2 people). I thought it was too good to be true, but I plugged in the information, and out popped my current FICO score range for TU and EQ. It is a range like 644-700. I plugged my wifes info in and hers too was with the accurate range.

Give it a try and see if your esitmated FICO range is what your actual range is and post the results! I am curious if everyone else would get their FICO scores in their current ranges as well. If so I will use this tool to keep a track when I do not get alerts for a score change.

Here is the link.  http://www.realtor.com/mortgage/Calculators/CreditScore.aspx

After you click get scores at the bottom there is a link that says "Get a detailed analysis of your estimated credit score". It will give you a break down on of the points of the FICO scoring. Like what type of points are for UTIL and INQ, ect, and how many points you have in that category so you know where you need to work harder.

Let me know if you have success with this as well.

[Anonymous]

That's interesting.  It estimated a little high for me.

One thing it doesn't seem to take into consideration is the number of late payments, plus whether they're 30, 60, 90, etc.

[llecs]

Unfortunately, they are using FICO's name to promote their sponsor, freescore.com, which has nothing to do with FICO scores. The estimator was too generic (as compared to Bankrate's), and if you click on the next page to see their analysis, you'll see that their score range is 350-850 which isn't the same range that FICO uses. FICO uses a 300-850 range. At the bottom, you'll see that it is underwritten by TransUnion Interactive which are the same folks who put together TrueCredit. TrueCredit did advertise once a score range of 350-850 and that's a FAKO called a TransRisk score and now TC uses a Vantage score (501-990). I suspect their estimator is for a TransRisk vs. a guesstimated FICO.

My results were also on the low side with a range below my current FICO scores. But my TU TransRisk score did fall in the middle of that range (from CreditKarma).

[Anonymous]

It estimated a little high for me too, about 25-35 points.

[MarineVietVet]

Aren't the words "accurate" and "estimator" completely opposite of one another? 

From a BK years ago to:
9/09 EX pulled by lender 802
3/10 EQ- 800
4/10 TU -772

You can do the same thing with hard work

Credit Scoring 101
Common Abbreviations
Frequently Requested Threads
Whats In Your FICO Score

[Imhotrodcrazy]

On the high side for me by 25 points.

[fused]

The estimator was spot on for me.

[smallfry]

I have to admit that for as little info as they asked for they got pretty close for me. 

[GregB]

It came up with 733-783 for me. Current actual FICO is 698 & 702. That doesn't seem very close to me. It is close to my EX Plus Score which is currently 762.

It seems way too generic.

I changed some of the factors to match some previous reports and it stayed way high. It is giving me all points available for each section except amount of debt. If I bring that down to $10,000 it says it is giving me 265 out of 255 possible but the score still totals 850. Must be "new" math.

I would say it is worth something and is better than a guess. Very good to see what negative info can do to a score.

[Macroman]

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@MarineVietVet wrote:

Aren't the words "accurate" and "estimator" completely opposite of one another? 

From a BK years ago to:
9/09 EX pulled by lender 802
3/10 EQ- 800
4/10 TU -772

You can do the same thing with hard work

Credit Scoring 101
Common Abbreviations
Frequently Requested Threads
Whats In Your FICO Score

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If you study some statistics you'll find that the terms are completely consistent.

An estimate is an approximation. It is not expected to exactly match the value that it's estimating, but to be accurate it is expected to vary from that according to an acceptable distribution.

FICO itself is a numerical estimate of your creditworthiness. People with high scores are expected to meet their obligations a high percentage of the time. Low scorers default more often. 

No estimator always hits it's target. An accurate estimator is close to the true value a high percentage of the time.

Considering the large number of FICO scores out there including the FICO 98, FICO 04 and FICO 08 versions of all 3 reports and specialized versions of all  for auto and mortgage loans most of which are not available to the general public evaluating an estimator like this one against the lender models is difficult.

The best information that we have is generally these scores move together and that we can improve the scores by appropriately managing our accounts. The true FICO scores are the best estimate available of what the lender will see with a loan application but there is no guarantee of an exact match.