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New here and a question!

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New Member

New here and a question!

Alittle background...I was a former customer of True Credit until I received that not so nice email saying I was being cancelled.  I signed up with myfico.com yesterday, and my TU score is 44 points higher, my EX is the same and EQ is 32 points highes (not that I'm complaining!) than TC had it a month ago. 
 
My question...is there a difference between TC and Myfico scoring?
 
Thank you sooo much!
 
Amy
Message 1 of 5
4 REPLIES 4
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Moderator Emerita

Re: New here and a question!

Yep--TC gives FAKO's. Congrats on finding that your real scores are higher!
 
By the way, the advice and comments that you get with the TC FAKO scores are also not necessarily applicable to FICO scoring. That has confused a lot of people as well. Sorry you got bumped from TC, though.
* 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 2 of 5
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Senior Contributor

Re: New here and a question!

Have you tried Chase Identity Protection? Give it a shot then Privacy Matters.
Message 3 of 5
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Member

Re: New here and a question!

I work for myfico.com and I just thought I would share with you the reason why your score is different with myfico than with true credit.  It is because the scores you received from true credit are not your true fico scores.  Fico scores are what 90% off all lenders look at to determine if there going to give you credit or not so it is the most widely used scoring model that is out there in the credit industry.  I hope that was useful.
Message 4 of 5
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Moderator Emerita

Re: New here and a question!


@AmyH wrote:
My question...is there a difference between TC and Myfico scoring?
Thank you sooo much!
Amy

By now, I hope you've poked around these forums and picked up a bunch of info, but everyone should start with the Credit Scoring 101 thread:

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=2654

(copy/ paste this into your browser window--Firefox won't make it an actual link)
* 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 5 of 5
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