I've read alot of other threads touching on this topic, but would like some further opinions.... My "personal credit score" on TU is 661. However, when I paid for the "lender score" a couple of weeks ago, it was 619. I can't find any major changes, but was wondering what everyone else's experience has shown: Can the FAKO (personal credit score) be trusted? How realistic is it? What about the TU FICO, can it be trusted?
My experience from earlier this week is that the "personal fico" that I could get from TU's website was 40 pts lower than the score that the lender gets.
transunion score says 567 for past 3 months. Real FICO has been consistently going up and is 689 presently. Thats a huge difference.
Moot. Who cares if 1) nobody uses it for decisions, and 2) you can get the FICO (which everybody uses)? The only reason it exists: Californians rights.
1st TU report - 579 FAKO VS 737 FICO These are from identical, completely clean reports, about 10% utilization and 3 inquiries. 2nd TU report - 693 FAKO vs 646 FICO. (Has one $75 3 year old paid CA, no lates, low utilization, 6 inquiries.) I just pulled all of these today. George is right...it's got to be RNG. I wouldn't trust the TU FAKO now at all. About a month ago I wasted an inquiry to have my banker check our EX FAKO vs FICO. Result - One EX report 723 vs 723, it was right on the money. 2nd EX report 743 FAKO vs 680 FICO. (The difference on this one seems to be the two 2+ year old released state tax liens. It appears that for some reason, they aren't being included in the FAKO score even though they appear on the report. There are no other derogs.) Bottom line, the TU FAKO vs FICO is a total crapshoot. The EX FAKO vs FICO may be reliable, but you should probably verify. (My, aren't we getting our money's worth?) DemPooches
Thanks much DemPooches, your in depth response really helped me. For my own situation it looks as though I'll have to pay another $13 to get the "lender" FICO to make some same day comparisons. It is a crapshoot, isn't it?
The TU is completely bogus. I think part of the problem for me is I have so many mortgage inquiries and the TU score doesn't aggregate them.
