i tried Privacyguard's 2 month free trial and compared it with myfico.com: here's the comparison on myfico my credit score on equifax is 557 but on PrivacyGuard its 654. on myfico transunion is 652 and on PG its 643. experian is 643 on PG but i dont have it on myfico. my question is which one is more accurate regarding credit scores? i ordered myfico about 1 week ago and ordered the 2 month free trial today on PG. NOTE: i did call equifax about my name being wrong on their report and missing accounts(2 closed and good accounts are missing). did that bump my score up? also i have 1 "30 day late payment"
MYFICO has your "real" score. PG is good for monitoring your credit, but they're worthless as far as scores go. You'll find many, many threads on this subject.
You'll see cases where people say that their PG scores are similar (as your one set of scores is), and ones which say they are far apart (as your other set of scores are). Essentially, Fair Isaics[sic] is the only one who knows how the FICO scores are calculated, and like the Bush baked beans ads, they're not talking (maybe their dog will offer to sell the secret company formula). So what any third-party company which wants to offer their own scoring model needs to do is analyze a large sampling of credit reports, and their real scores, and reverse engineer them to find out why they had the score that they got, and then try to create their own scoring system which comes as close as they can to the real scores, as possible, the majority of the time. If they can be somewhere within 25 points more than 50% of the time, then they created their model fairly accurately.
