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FICO Question - 3 Fico's?

Discussion in 'Credit Talk' started by dubcredit, Feb 20, 2003.

  1. Feb 20, 2003 #1
    dubcredit

    dubcredit Member

    I am a bit unlcear on this concept. As I understand it, each bureau uses this as a basis to generate a score. When you go to get a mortgage then, which FICO score is used? The lowest, highest, etc. There is a 200 point difference between my Experian and my TransUnion.
     
  3. Feb 20, 2003 #2
    lbrown59

    lbrown59 Well-Known Member

    middle score
     
  4. Feb 20, 2003 #3
    dubcredit

    dubcredit Member

    You have got to be kidding. The middle score? Not an average. There is such a difference simply due to bad luck. My accounts that were late are on Trans and Equifax and all the good on Experian. So am I to provide the good info to the other two bureaus myself to balance it out?
     
  5. Feb 20, 2003 #4
    dubcredit

    dubcredit Member

    Ok then. What about my spouse. An average of our two middle scores?
     
  6. Feb 20, 2003 #5
    lbrown59

    lbrown59 Well-Known Member

    Re: Re: FICO Question - 3 Fico's?

    You have got to be kidding.
    dubcredit
    =========================
    BACKGROUND:
    *Owner of - BUDGET HOMES CO. 30 Years
    With this many years selling homes do you still think I'm kidding?
    The END ************************* LB 59


     
  7. Feb 20, 2003 #6
    GEORGE

    GEORGE Well-Known Member

    Re: Re: FICO Question - 3 Fico's?

    MIDDLE SCORE...

    It is really bad if you have 750/625/618 (you get NO extra credit for the 750)

    ...but on the other hand if you had 750/740/522...YOU WOULD NOT BE HURT
    BY THE 522 (I ASSUME)...NOT AN EXPERT ON R/E LOANS.
     

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