UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: edhollins Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308568  
Subject: Re: FICO weirdness Date: 8/31/2004 10:06 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
In addition, doesn't each CRA use a slightly different range of scores? I thought each one had a different value for the highest score but maybe that is outdated information.

Yes, each CRA uses a different formula for calculating their score, but if you order through myfico.com, you get your FICO score for each CRA. You can take your score through myfico.com and compare it against, for example, Experian's score and they will be different.

So:

1) myfico.com score versus other myfico.com scores use the same formula which is the official FICO score formula
2) myfico.com score vesus a CRA's proprietary score is not a good measure because they are different formulas

I am pretty sure that Equifax actually uses the FICO score, and TU and Experian use their own, private scores. I know that my Equifax and my myfico.com score are exact matches every time.

Does this make sense?






Eric
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next

Announcements

TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Apple

Apple and Ninety Years Ago
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement