gnosis Posted April 4, 2003 Report Share Posted April 4, 2003 Since mortgage lenders use your middle score to determine approval & APR - what is the score they use if your Experian 'score' is your middle number since, if I understand correctly, Experian doesn't use FICO? Link to comment Share on other sites More sharing options...
kb9tbq Posted April 4, 2003 Report Share Posted April 4, 2003 Mortgage lender will use the middle of the 3 CRAs credit scores.Just that the CRA don't all give out FICO scores to consumers. They definately do for creditors though. Link to comment Share on other sites More sharing options...
gnosis Posted April 4, 2003 Author Report Share Posted April 4, 2003 Hi kb9,So is the Experian score we get off of creditexpert close to the one the lenders get? Do I understand you correctly that Experian does use FICO when they talk to lenders? Thanks for always being so helpful Link to comment Share on other sites More sharing options...
kb9tbq Posted April 4, 2003 Report Share Posted April 4, 2003 Honestly I have no way of knowing; the difference for sure between what they show consumers compared to what they show the creditors.There are so many different models used; that each type of creditor uses for loan & service.It could be as little as 5 to 50 points difference; no way of knowing unless you know a credit willing to pull a business side report w/ scoring. But this will add an inqury to the report. Link to comment Share on other sites More sharing options...
gnosis Posted April 4, 2003 Author Report Share Posted April 4, 2003 ah so. thanks. Link to comment Share on other sites More sharing options...
kimber6337 Posted April 6, 2003 Report Share Posted April 6, 2003 I've had a FICO pull from a broker on TU that was 3 points HIGHER than what I saw online...so I don't even think THEY know what they are doing sometimes.Plan on at least a 50 point differnce and hope for the best But no matter, from your scores you should be just fine for prime rates Link to comment Share on other sites More sharing options...
Anonymous Posted April 6, 2003 Report Share Posted April 6, 2003 The last time that I had my credit score pulled by a lender the Exquifax score was right on the money. The Experian score was 65 points different and it was not in my favor. I was totally blown away and very very disappointed to say the least. The Experian score reaffirmed the meaning of FAKO FICO. Link to comment Share on other sites More sharing options...
Anonymous Posted May 27, 2003 Report Share Posted May 27, 2003 The Experian Score that you buy is totally not a FICO score. Experian created a scoring system that is not based on Fair Isaacs and sells that to the consumer. The score you get is substantially higher than your actually FICO score if I (as a lender) pull your FICO using the Experian database. On top of it, lenders will get different FICO scores depend on what you are applying for: car, house, business, credit cards. Fair Isaacs sells different modules that treats certain items differently for the credit request. An auto dealer will get a different FICO for you than your mortgage lender. If you are buying the Experian score then you are wasting your money. Link to comment Share on other sites More sharing options...
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