cancel
Showing results for 
Search instead for 
Did you mean: 

Which are the real SCORES?

tag
Anonymous
Not applicable

Re: Which are the real SCORES?

Ok, was reading some other comments about mortgage lenders using the "middle score" of the 3..


So, if they are getting one score, the Beacon 5.0 (unless I misunderstood) then how does that come in to play?

Message 11 of 13
haulingthescoreup
Moderator Emerita

Re: Which are the real SCORES?

Mortgage lenders pull all three of your FICO scores --Equifax, TransUnion, and Experian. (All FICO scores, but almost always different from one another, both because your reports are usually slightly different, and because each has a different FICO score formula.) So they will see your Beacon 5.0 (Equifax), your Classic Emperica (something like that) 98 or 04 (TransUnion), and your FairIsaacv2 (Experian.) Their Beacon will match the EQ you get here, if it's pulled at the same time, with no changes on the report. Their TU score will probably be a TU04, but we've only got the TU98 here. (Thanks, TU! Smiley Mad) And the Experian won't match anything you've got, unless you join PSECU.

 

Of these three FICO scores, if you're the sole applicant, they will go with your middle score --not the highest, not the lowest. If you're applying with someone else, a spouse for instance, they will look at your middle score AND at his/her middle score, and go with the lower, whether it's your middle score or the other person's middle score.

 

 

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 12 of 13
Anonymous
Not applicable

Re: Which are the real SCORES?

Thanks so much for helping understand that.

 

I have 2 collections that I PDF'd that accepted and payment was sent last week. I then have 3 negatives left with PDF letters pending with them. I am hoping to buy here very soon so this info has been very helpful!

 

Thanks again and have a great week!

Message 13 of 13
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.