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Which fico score is the right one?

JcT21
Frequent Contributor

Which fico score is the right one?

Ollo rewards Mastercard provided me with my Experian fico 9.  I also use the Experian credit works.  I'm able to get an EX fico 8  score and report daily.  That score is 648.  Ollo fico is 719.  Which one is correct? Both? Which is my actual credit score?  Is it normal to be such a difference? 

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fico scores - June 2022:
TU - 702 | EX - 707 | EQ - 713 |
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4 REPLIES 4
dragontears
Senior Contributor

Re: Which fico score is the right one?


@JcT21 wrote:

Ollo rewards Mastercard provided me with my Experian fico 9.  I also use the Experian credit works.  I'm able to get an EX fico 8  score and report daily.  That score is 648.  Ollo fico is 719.  Which one is correct? Both? Which is my actual credit score?  Is it normal to be such a difference? 

0CB3F494-C92E-4DDE-9A69-8E5033B36EDE.jpeg

 

138CCB7D-E7F0-445E-9788-EAA12E7963BC.jpeg

 


Both or neither, it really depends. There is no one "right" score unless it is context to a lender then the score model used by that lender is the "right one".

Message 2 of 5
thornback
Senior Contributor

Re: Which fico score is the right one?

Both scores are correct -- as are your other 26 scores that exist in the land of FICO.   FICO 8 Classic is, currently, the most commonly used version; FICO 9 is the newest (FICO version 10 is on the horizon).  Each score version weighs various aspects of your credit a little differently so it is perfectly normal to see variations between all of them.  Every lender decides which version of FICO they will utilize to make credit decisions so while one may evaluate you on FICO 8 Classic score from a specific bureau, another may choose to utilize your FICO 8 Bankcard score from another bureau -  or your FICO 9 for that matter.  Mortgage lenders will typically use one of your three mortgage scores while auto loan lenders may utilize one of your Auto scores.   Each of your 28 scores will differ - some only slightly and others by a greater margin.  The myFICO scoring app provides all 28 of your FICO scores if you're interested in seeing where they stand. 

 

 

Personal Aphorism:"Forget What You Feel, Remember What You Deserve"
Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 04/2022: EX 796 ✦ EQ 793 ✦ TU 790
Current FICO 9s | 04/2022: EX 790 ✦ EQ 788 ✦ TU 782
2022 Goal Score | 800s

My AAoA:
4.6 years not incl. AU / 4.9 years incl. AU
My AoOA: 9.2 years not incl. AU / 11.2 years incl. AU
Inquiries: EX 0/12 ✦ EQ 0/12 ✦ TU 0/12
Report Status: Clean
Garden Status:  


Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.
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sarge12
Senior Contributor

Re: Which fico score is the right one?

All 28 fico scores currently available, are used somewhere. Some are most often used. Fico 08, and 09, being used by most who may pull a score. They may however pull a bankcard score, which is even on a different scale up to 900. FHA house loans must use the earlier versions of fico, by law, to set the rates. In order for that to change congress would have to change the law, which is unlikely in the near future. Mortgage Underwriters do not really use scores for mortgage approvals. They do a 3B pull and go over every line in a report. The scores come into play after an approval, and the middle mortgage score is used to set the interest rate. Many of the variations on scores are tailored for the type of credit sought. The Auto fico scores likely give added weight to how the borrower has paid installment loans. A bankcard score would likely give added weight to revolving credit. In most cases I have seen, the much earlier fico versions used for mortgages tend to be lower than fico 08 scores for most.

TU fico08=844 09/16/21
EX fico08=833 09/16/21
EQ fico09=829 09/16/21
EX fico09=823 09/16/21
EQ fico bankcard08=864 09/16/21
TU Fico Bankcard 08=879 09/16/21
EQ NG1 fico=802 04/17/21
EQ Resilience index score=58 03/09/21
Unknown score from EX=784 used by Cap1 07/10/20
Message 4 of 5
SouthJamaica
Mega Contributor

Re: Which fico score is the right one?


@JcT21 wrote:

Ollo rewards Mastercard provided me with my Experian fico 9.  I also use the Experian credit works.  I'm able to get an EX fico 8  score and report daily.  That score is 648.  Ollo fico is 719.  Which one is correct? Both? Which is my actual credit score?  Is it normal to be such a difference? 

0CB3F494-C92E-4DDE-9A69-8E5033B36EDE.jpeg

 

138CCB7D-E7F0-445E-9788-EAA12E7963BC.jpeg

 


Both are right. One is EX FICO 8 Classic. The other is EX FICO 9 Bankcard.


Total revolving limits 699000 (597000 reporting) FICO 8: EQ 718 TU 721 EX 698

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