I'm surprised by the difference, but is it right?

[Anonymous]

I've been using Privacy Matters for the past year to monitor my scores and try to correct my report and elevate my scores. Through Privacy Matters my scores are: TU 677, EQ 659 and EX 612.

Today I signed up for score watch to review EQ and also purchased one time reports and scores for TU and EX. I was surprised to see a pretty big difference in my EX score, the scores through MyFico were TU 665 which up untill today I thought that was my highest score, EQ 667 and here's the one that really surprised me EX 693.

I guess what I'm asking is, could this be right? Could there really be that much of a descrepency between the MyFico and Privacy Matters with Experian?

[Anonymous]

ignore the pm scores, beleive the myfico and read the credit scoring 101 sticky (it'll explain it).

[Anonymous]

They don't call them FAKO scores for nothing

[RobertEG]

oldschool, I wont jump into the nuts-shattering icy water of the "Fako"  vs "FICO" debate, for that is not the issue.

You were clearly not getting scores through Privacy Matters that were licensed by, and generated ttrough FairIsaac scoring algoiithms, and thus their beauty lies only in the eyes of the beholder.  Unless you are dealing with a lendor who likes Privacy Matters scores, they are meaningless.

All of the CRAs, as well as other vendors, report and sell their own independent and alternative credit scores.  The lendors, not the vendors, decide which one to use in their credit evaluations.

The only scores that count are the ones your lendor uses. 

A vast a majority of existihg lendors rely upon FICO scores. 

A credit score is not a uniform product, and is unregulated.

Capitalism spawns many competitors.

MyFico gives you FairIsaax FICO scores.  Most of the others do not.

Message Edited by RobertEG on 05-24-2008 11:57 PM