MyFico TU vs True Credit TU

Discussion in 'Credit Talk' started by dsl, Aug 29, 2003.

  1. dsl

    dsl Member

    MyFico 699 and TrueCredit 660. Okay, am I correct to assume that credit issuers pull Trans Union report from True Credit or MyFico? Why waste time on a paying $$ on a score only good to us? Confused!

  2. crofttk

    crofttk Well-Known Member

    The TrueCredit score is crap.

    75% of lenders use a FICO score in one form or another.
  3. jlynn

    jlynn Well-Known Member

    I use it to gauge personal progress.
  4. dsl

    dsl Member

    Hm............and for 10 minutes I thought my hard work in paying down and using credit more wisely was shot! The only reason I would use this report is once a year is to check for any negatives.

    I noticed on a truck lease from Toyota a few years back had a derogratory in the comment line. Okay, I was never late and completed the lease agreement. I even refinanced with my credit bureau. No negatives except the comment line. MyFico shows never late, completed lease agreement. What gives?
    I disputed it with TransUnion and I hope the comment can be updated or just removed.

  5. crofttk

    crofttk Well-Known Member

    The best source of what data is in your credit file and what may be worth disputing is in a report DIRECT from the CRA. The most useful score to look at is a FICO score since 75% of lenders use a FICO score to make lending decisions.

    Unfortunately, a TrueCredit report offers neither one.

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