When you purchase your credit score/scores using MYFICO.COM are these the same scores that a lender sees. Are these scores using "NEXT GENERATION"softwre. Thanks,Ritch
Experian: Fair Isaac 2 Fair Isaac Advance Fair 2/Auto Fair/Installment Bankruptcy Watch Model Fair/Equivalency National Risk Model MDS Bankruptcy Old FICO Tele-Risk Model TransUnion: Empirica 98 Empirica 95 Delphi Precision TransRisk New Account TransRisk New Account. 2.0 Horizon Equifax: Beacon Non-Geo BNI Pinnacle Pinnacle 2.0 Ok, take your pick, no not all lenders are using what Myfico is selling (that is just one possiblility out of many different companies; then you still have to consider which exact model is being used. There are even more then these out there to use.
Is that the one that has "NEW" reason codes like... TIME SINCE LAST BK...EXCESSIVE TIME SINCE LAST INQUIRY...EXCESSIVE LACK OF NEGATIVE ACCOUNTS EXCESSIVE INCOME TIME SINCE NEWEST MORTGAGE...EXCESSIVE LACK OF INQUIRES THEY GET BETTER...
Yea for each model they have their own reason codes forgot to mention. Bankruptcy Model would be interesting to see, but I do know that this one is flipped form the other ones, it is the lowest score you want.
