The rapid rescore should help... The problem is there are different flavors of FICO score... which come up with different values ... Unfortunately there is NO PLACE where you can get all of them... MyFico tends to use the most current formulas for their calculations.. Morgage Lenders DO NOT... Also each CRA has its own calculations... There are "enhanced" scoring for Bank Cards, and Auto Loans, and even some calculations for thin/new files... My fico is accurate if they use a current "unenhanced" score...
As someone said.. you want one card to report a balance...and you may run into problems disputing.....its a little late to be disputing.. many morgage lenders will not lend untill the disputes are cleared.... see what the rescore brings.. then take it from there..
"Accurate" is not a good choice of word. "Appropriate" is probably what you meant.
@taxi818 wrote:
@mongstradamus wrote:
@Anonymous wrote:How do you like your 60.00 fico scores that are worthless if you are looking to buy a home what a bunch of suckers we are. On the 5th of December I AM CANCELING THE FRICKI FRACKING THING WHAT A RIP OFF.
Well i wouldn't say its an rip off because 08 is used by an lot of credit card companies. If you know you are looking for an mortgage you should know that you need to find somewhere that pulls 04 scores.
+1 it only takes a very little research to know which scores are which. It's really not rocket science. If I want a car. I know there is not a 1 score for all. Fico estimates 49-53 different versions
so for my car. I will look for auto enhanced fico. For refit cards here. Fico 08. For mortgage Equifax. 04 version. Like said. A little research. I can't blame the dealer if I wanted motorcycle but got a moped. Same as myfico. Good luck. Maybe you now understand fico scores. They are many.
It actually is pretty tricky. If you simply google "What credit score is used for mortgage" or "How do I know my mortgage credit score", most of the top results point to myfico, who of course does not disclose that the FICO scores they offer are not in fact the FICO scores that Fannie Mae uses.
Given that the majority of the population is not even aware there are different companies developing their own credit score algorithms, it is not exactly surprising that the people that know of the different FICO scoring models represent a tiny fraction of the population.
@HiLine wrote:
@taxi818 wrote:
@mongstradamus wrote:
@Anonymous wrote:How do you like your 60.00 fico scores that are worthless if you are looking to buy a home what a bunch of suckers we are. On the 5th of December I AM CANCELING THE FRICKI FRACKING THING WHAT A RIP OFF.
Well i wouldn't say its an rip off because 08 is used by an lot of credit card companies. If you know you are looking for an mortgage you should know that you need to find somewhere that pulls 04 scores.
+1 it only takes a very little research to know which scores are which. It's really not rocket science. If I want a car. I know there is not a 1 score for all. Fico estimates 49-53 different versions
so for my car. I will look for auto enhanced fico. For refit cards here. Fico 08. For mortgage Equifax. 04 version. Like said. A little research. I can't blame the dealer if I wanted motorcycle but got a moped. Same as myfico. Good luck. Maybe you now understand fico scores. They are many.
It actually is pretty tricky. If you simply google "What credit score is used for mortgage" or "How do I know my mortgage credit score", most of the top results point to myfico, who of course does not disclose that the FICO scores they offer are not in fact the FICO scores that Fannie Mae uses.
Given that the majority of the population is not even aware there are different companies developing their own credit score algorithms, it is not exactly surprising that the people that know of the different FICO scoring models represent a tiny fraction of the population.
I guess you would have to check date of those posts because at one time myfico did offer an eq 04 score , so "google" would technically be correct in pointing to my fico for fico mortgage scores, but now thats no longer the case.
