when a mortgage lender pulls a CR is there a possibility the CRA provided them with a different credit score then what a consumer is given ?
do you happen to know how that works? why is your score different if the CRA provides it to these lenders?
I believe they use different "algorithms" or scoring models as jlynn suggests When they provide you a score, and tell you it is a "FICO" score then at least you know it is based on the algorithm developed by FICO...this is a more or less the "standard" scoring model. Other scoring models not generally known to the public can also be provided by the CRA's to their clients for specific purposes. Since this is a private arrangement between CRA and creditor, there is no reason they have to let you know about it. The FCRA specifically states that CRA's do not have to include any type of "credit score" when disclosing information to a consumer. When you purchase a score from them, they will tell you it is "FICO" or one of their "FAKO" scores, but that doesn't mean they have other scores exclusively for the use of their clients. § 609. Disclosures to consumers [15 U.S.C. § 1681g] (a) Information on file; sources; report recipients. Every consumer reporting agency shall, upon request, and subject to 610(a)(1) [§ 1681h], clearly and accurately disclose to the consumer: (1) All information in the consumer's file at the time of the request, except that nothing in this paragraph shall be construed to require a consumer reporting agency to disclose to a consumer any information concerning credit scores or any other risk scores or predictors relating to the consumer.
I know when I was househunting, my lender told me they did a tri merge of scores to get the one they will use. I am not sure if everyone does this or not.
