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equifax score pulled by myfico same day as comenity bank show two different scores,myfico got it as 633 and comenty bank have it at 563.whats going on here can someone help me understand this.
Unless the scoring models used are the same, the scores cannot be compared.
There are many variations of FICO and FAKO algorithms floating around.
@user5387 wrote:Unless the scoring models used are the same, the scores cannot be compared.
There are many variations of FICO and FAKO algorithms floating around.
+1
And, FICO is the most accurate! Be Happy!
Same thing happened to me yesterday. I pulled mine and it was at 645(myfico) and my cu pulled a 611 fico .. Makes you wonder....
oh both were ex
@arrazola_a wrote:Same thing happened to me yesterday. I pulled mine and it was at 645(myfico) and my cu pulled a 611 fico .. Makes you wonder....
oh both were ex
TU and EX Fico's here are outdated versions....EQ Fico from here is the only one "90% of lenders" use.
@Lechte wrote:
@arrazola_a wrote:Same thing happened to me yesterday. I pulled mine and it was at 645(myfico) and my cu pulled a 611 fico .. Makes you wonder....
oh both were ex
TU and EX Fico's here are outdated versions....EQ Fico from here is the only one "90% of lenders" use.
EX score from here is not outdated. It is the newest version, 08.
@guiness56 wrote:
@Lechte wrote:
@arrazola_a wrote:Same thing happened to me yesterday. I pulled mine and it was at 645(myfico) and my cu pulled a 611 fico .. Makes you wonder....
oh both were ex
TU and EX Fico's here are outdated versions....EQ Fico from here is the only one "90% of lenders" use.
EX score from here is not outdated. It is the newest version, 08.
I'm sorry...so it's just that most lenders have decided not to use the new version yet?
Guiness, since you like giving me a hard time a lot...you owe me. So will you go check out this thread and tell me what's goin on?
http://ficoforums.myfico.com/t5/General-Credit-Topics/New-Scores-are-coming-to-MyFico/td-p/2780979
@Lechte wrote:Guiness, since you like giving me a hard time a lot...you owe me. So will you go check out this thread and tell me what's goin on?
http://ficoforums.myfico.com/t5/General-Credit-Topics/New-Scores-are-coming-to-MyFico/td-p/2780979
Not giving you a hard time lol. Just keeping things straight.
@Lechte wrote:
@guiness56 wrote:
@Lechte wrote:
@arrazola_a wrote:Same thing happened to me yesterday. I pulled mine and it was at 645(myfico) and my cu pulled a 611 fico .. Makes you wonder....
oh both were ex
TU and EX Fico's here are outdated versions....EQ Fico from here is the only one "90% of lenders" use.
EX score from here is not outdated. It is the newest version, 08.
I'm sorry...so it's just that most lenders have decided not to use the new version yet?
Pretty much, yes. Lenders decide which version/model benefits them the most.
And as far as mortgages changing what they use, I don't see them doing it.