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What's the deal with TU?

Discussion in 'Credit Talk' started by ithinkican, Jun 6, 2003.

  1. Jun 6, 2003 #1
    ithinkican

    ithinkican Well-Known Member

    My score from TU is so much lower than the 2 others, yet all of the info is the same. What gives?
    Which is the most "accurate"? What I mean is, whose scoring model is the best? My TU score is 50 points lower than Equifax and 100 points lower than Experian! I've read a lot of posts to get a feel for it, but I am still so green.
    Thanks!
     
  3. Jun 6, 2003 #2
    GEORGE

    GEORGE Well-Known Member

    TU is not F.I.C.O. (unless you paid for a F.I.C.O. score)
     
  4. Jun 7, 2003 #3
    ithinkican

    ithinkican Well-Known Member

    Thanks, George....
    bear w/me. What I did was went to the Transunion site and I was eligible for a free credit report because of the state I live in...I paid the extra$3.00 to get what I thought was the score. Was that not it?
    I've seen people put FAKO score...I am confused! I'll go to the glossary again!
     
  5. Jun 7, 2003 #4
    jlynn

    jlynn Well-Known Member

    Transunion has two scores. The FAKO, which is their own number, and the FICO, which is a true FICO using a Fair and Isaacs model.

    When you go to their website -

    "Transunion Personal Credit Report and Score" = FAKO (minimum price free + $3.75 for score)

    "Transunion Credit Profile plus FICO score = FICO
    (you also have to pay $12.95 for this one - no freebie)

    HTH
     
  6. Jun 7, 2003 #5
    ithinkican

    ithinkican Well-Known Member

    Thanks, Jlynn...
    do you find the FICO TU score to be higher than their own scoring model? It seems odd that it is sooo much lower, when all 3 have the exact same info.
     
  7. Jun 7, 2003 #6
    jlynn

    jlynn Well-Known Member

    I'm too cheap to buy mine! I'm using the FAKO score has a gauge to watch my progress. I figure once I'm finished, then I'll shell out the $12.95.
     
  8. Jun 7, 2003 #7
    LKH

    LKH Well-Known Member

    Re: Re: What's the deal with TU?

    It isn't odd when you consider that the fako uses only a handful of the more than 50 different types of info that fico uses to compute a score. My fako is over 100 pts lower than my real fico.
     
  9. Jun 7, 2003 #8
    ithinkican

    ithinkican Well-Known Member

    Re: Re: What's the deal with TU?

    I guess I'll wait a bit and shell out the $$$ and see what it says...what about the Experian score, then?
    Is it accurate?
     
  10. Jun 8, 2003 #9
    lbrown59

    lbrown59 Well-Known Member

    Re: Re: What's the deal with TU?

    what about the Experian score, then?
    Is it accurate?
    ithinkican
    ==================~~~~~~~~
    Considering all scores are derrived from the uncontrolled rumor mill that has a 70% error rate do you really think that any score is accurate?
     
  11. Jun 8, 2003 #10
    Sheepshead

    Sheepshead Well-Known Member

    Re: Re: What's the deal with TU?

    TU FAKO is absolute, 100% nonsense as are the reasons provided for the score.
     

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