My Fico Monitoring

[tendertan]

Well I monitor my credit report and score via MyFico. My question is, when I have a score increase is that my true and current score for those using the MyFico scoring model? Or do I need to wait a couple of months to make sure that's what it's going to be, before apping?

[Anonymous]

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@tendertan wrote:
Well I monitor my credit report and score via MyFico. My question is, when I have a score increase is that my true and current score for those using the MyFico scoring model? Or do I need to wait a couple of months to make sure that's what it's going to be, before apping?

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Whatever your score shows on the MyFICO dashboard is your current FICO 08 score at that particular moment in time. Credit scores are dynamic, ever changing and two different reports of your score by different entities can be different even though they represent the same score.  Keep in mind that almost never will the score a creditor reports back to you will match your scores here.  They often use enhanced versions of your score particular to their industry or utilize an internal score.  These enhanced scores are now available to be purchased thru MyFICO when you update your reports but they changes in that score are not reflected here or on your dashboard.  The scores you receive with your monitoring service are very helpful and can be utilized as a guide to changes in your credit score.  They just are the definitive 'score' as there are far too many versions (over 50).  Confusing? Yes but that does not mean the scores are useless but always keep in mind that any credit score is just part of your overall credit file.