Wildly Different Scores

[HeavenOhio]

Another way to grab that batch of scores from Experian is to grab their $1 trial, then canceling before the trial period ends.

[Anonymous]

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@Anonymous wrote:
My main question now is, what FICO is the most accurate?

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The word "accurate" is not the correct one to use here.  All Fico scores are accurate, as they're all the product of a Fico scoring model using the date from one of the 3 bureaus at a moment in time to deliver a score.  I think what you're asking and the word to be using would be "meaningful" or "relevant."  The answer to that would depend on which score(s) a potential lender would be most likely to use.  Classic 8's are very common, so I'd say those are very relevant.  If one were to know for sure that a lender with which they were going to apply uses a far less common Fico score, in that case it would indeed make that score very meaningful/relevant to that person, even if overall it's not too popular.

[Anonymous]

I'm just confused how the Experian site shows my FICO at 581 (bankcard scores around 585) but the last two credit card applications that pulled my FICO showed a 692 score, which is more in line with my VantageScore.

Anyone have any insight?

[Anonymous]

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@Anonymous wrote:

I'm just confused how the Experian site shows my FICO at 581 (bankcard scores around 585) but the last two credit card applications that pulled my FICO showed a 692 score, which is more in line with my VantageScore.

Anyone have any insight?

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It sounds like you're comparing apples to oranges in that you're looking at scores from 2 different scoring models and possibly with different bureau data as well.  What you need to find out is which Fico scores you're being provided with.  There are dozens of them and if you aren't comparing the same two you can find wildly different scores. 

[Anonymous]

As many members have already told you the reason they are different is because they are based on different scoring algorithms. You have a plethora of different scoring algorithms and the score is going to be different on each one typically.

And you have three bureaus so that’s going to be three potentially different sets of data with three potentially different scores for each algorithm.

And then if they weren’t all done at the exact moment in time, they could be different as well because the data is going to be different.

Unless they all use the same scoring model from the same bureau at the same time, expect them to be different. They are supposed to be different that’s why we have Different algorithms for different reasons. Plus you could have a balance post the following day which could totally change your score or any other number of possibilities.