Our Forums' FICO High Achievers: Who has at least one FICO Score of 760 or above?

[Anonymous]

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@Anonymous wrote:
Hmmmm.... six months after app'ing (so hit with 3 hard inqs plus new accts dings), my scores are back to where they were before I app'ed.  Not sure if I'll still see an score increase at my one year mark for the new accounts, but I'm glad to be back where I started

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Hi writemikep!

I was just thinking about you a few days ago.  It's wonderful to see you posting again!

[USSVOYAGER]

September 2008, credit scores were on average 550 due to heavy debt loads being carried in preperation for starting over a new home. Only one negitave hit over 30 back in 2006 with Best Buy.

December 2008 made a goal to clear off all existing debt and start 2009 with my car loan only (already 50% paid off).

January - April 2009, with each use of my credit card I waited a week and paid it off in full.

Mid April 2009 went to Annual Credit Report.com and paid for a one time check of my credit score which I was directed to TransUnion......MY CREDIT SCORE AND RATING IS 794 RATING C!!!!!!

How awsome is that??? My question is this....since I only received my score from TransUnion can I take it that tis score is accurate and is this considered my FICO score????

Now working towards hopefully buying a home this year.

Like Voyager, I'm working towards my goal!

[llecs]

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USSVOYAGER wrote:

September 2008, credit scores were on average 550 due to heavy debt loads being carried in Mid April 2009 went to Annual Credit Report.com and paid for a one time check of my credit score which I was directed to TransUnion......MY CREDIT SCORE AND RATING IS 794 RATING C!!!!!!

How awsome is that??? My question is this....since I only received my score from TransUnion can I take it that tis score is accurate and is this considered my FICO score????

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Unfortunately, what you received wasn't a FICO score, but a VantageScore. The only two places you can get your TU FICO score is via this website or transunioncs.com (note the -cs). The VantageScore is misleading because the score range goes from 501-990, whereas FICO's is from 300-850.

[Anonymous]

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@llecs wrote:

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@USSVOYAGER wrote:

September 2008, credit scores were on average 550 due to heavy debt loads being carried in Mid April 2009 went to Annual Credit Report.com and paid for a one time check of my credit score which I was directed to TransUnion......MY CREDIT SCORE AND RATING IS 794 RATING C!!!!!!

How awsome is that??? My question is this....since I only received my score from TransUnion can I take it that tis score is accurate and is this considered my FICO score????

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Unfortunately, what you received wasn't a FICO score, but a VantageScore. The only two places you can get your TU FICO score is via this website or transunioncs.com (note the -cs). The VantageScore is misleading because the score range goes from 501-990, whereas FICO's is from 300-850.

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Is this true for all Vantage Scores?  or just TU?  I have a realtor friend who told me that creditreport.com has the "closest" to FICO scores than any other company.   I dont know how true that is.

[USSVOYAGER]

Well now that I am fully depressed and ready to sit in a tub and pop open a vein, what next? The broker is the one that sent me to annualcreditreport.com in the first place and that site sent me to the transunion vantage site. So Mr Moderator, I once again call on you for your help. If the vantage site says 794 grade c can I approximate how much this translates to in real FICO terms. I really dont want to check my scores yet as I wont be ready to buy until september or october. If I do check my scores with the MYFICO site will this affect my credit score at all? Every little counts.

With thanks

Frustrated with brokers

[FocusOnFICO]

Psychic,

What a great thread!  My current scores are:

TU:  789

EQ: 784

My goal is to continue learning from the great posts on this forum to reach the 800 club in about three months.  Last Monday I was approved for the First Command Platinum Visa, so that will probably change my scores somewhat, but I will be reducing my utilization ratios (currently 6%) to only reporting one card with a balance (Amex > 4%) and paying the others well before their statements cut.  This should balance out my level and get me close.

It's great to see all of the replies and postive feedback going out to all.

[llecs]

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USSVOYAGER wrote:

Well now that I am fully depressed and ready to sit in a tub and pop open a vein, what next? The broker is the one that sent me to annualcreditreport.com in the first place and that site sent me to the transunion vantage site. So Mr Moderator, I once again call on you for your help. If the vantage site says 794 grade c can I approximate how much this translates to in real FICO terms. I really dont want to check my scores yet as I wont be ready to buy until september or october. If I do check my scores with the MYFICO site will this affect my credit score at all? Every little counts.

With thanks

Frustrated with brokers

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Don't be depressed. It is a good thing. You now have the opportunity to take action to get your FICO scores in the high 700s by the time you are ready to apply for that mortgage. I've read many a post where people assume that all scores are the same only to app and find their FICO scores are totally different.

IMO, check your scores now. You can get both EQ and TU here. Regretfully, EX doesn't allow consumers to pull their own FICO score, without the help of a lender pulling it. Pulling your EQ and TU scores won't hurt your credit any. I pull both my scores twice a month. Be sure to google "myFICO discount codes" before you buy.

Annualcreditreport is a great place to get your 3 reports. I use it once a year. However, the scores from EX and TU aren't FICO scores. The EQ score, if you purchased it from EQ, is a genuine FICO score.

It is impossible to equate Vantage with FICO. Generally, FICO scores will be lower because of the scale, but your FICO can go up and Vantage down, and vice versa. It is two totally different formulas.

[haulingthescoreup]

Sorry, USSVOYAGER (cool name, btw!), you're certainly not the first to get fooled.

FWIW, which isn't much at all, here are various versions of my Experian score:

- EX Vantage: 874 on scale of 501 - 950
- EX PLUS: 729 on scale of 330 - 830
- EX TransRisk score (comes with TrueCredit and other TU-based credit monitoring): 680-something on a scale of 300 - 850
- EX FICO: 731 on scale of 300 - 850 in mid-February, probably 753 - 765 now, as it used to match my TU FICO closely

One formula floating around says that you can try to convert your Vantage score to a FICO estimate by multiplying the Vantage score by 0.86. That would put me around 751 - 752, which is probably reasonable. Yours would come out at 682, which would definitely not be shabby, and would be quite a hop from 550.

But the Vantage score weights things differently and adds a few more in, so this conversion won't work for everyone.

Check out this comparison from Bankrate.com

(tried to paste the table, but it got ugly fast)

Message Edited by haulingthescoreup on 05-07-2009 03:02 PM

[marty56]

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@haulingthescoreup wrote:

One formula floating around says that you can try to convert your Vantage score to a FICO estimate by multiplying the Vantage score by 0.86. That would put me around 751 - 752, which is probably reasonable.

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I think you are under estimating your Vantage Score.  When my TU score was 775, my EX was 760 but my Vantage score was over 900.  Since our TU scores are simliar, IMHO I think your Vanatge Score would be close to mine.

[haulingthescoreup]

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marty56 wrote:

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@haulingthescoreup wrote:

One formula floating around says that you can try to convert your Vantage score to a FICO estimate by multiplying the Vantage score by 0.86. That would put me around 751 - 752, which is probably reasonable.

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I think you are under estimating your Vantage Score.  When my TU score was 775, my EX was 760 but my Vantage score was over 900.  Since our TU scores are simliar, IMHO I think your Vanatge Score would be close to mine.

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Works for me! I was just going with the .86 thing. And that's a purchased Vantage score, from last week. It might have ooched up a bit, now that I'm back to just one card reporting, but no telling.

If I assume that my FICO EX is within 7-8 points either side of my FICO TU, that puts it at 753 - 769. I just don't want to stir up any bad karma or anything by believing this.


edited for score typo --dang, I wish my laptop had a numeric keypad...

Message Edited by haulingthescoreup on 05-08-2009 03:16 PM