Comments on: Will the ‘Real’ FICO Credit Score Please Stand Up

By: Busta Bank

Busta Bank — Sat, 06 Mar 2010 01:53:34 +0000

If these instutions meant anything, how did we get in such a credit mess, its all just a system to get you to voluntary give up and verify, a business trying to amass your financial information

By: DR

DR — Tue, 01 Dec 2009 18:50:41 +0000

Chris & TB, your FICO credit score as reported by each credit bureau is what it is. That don’t give one score to consumers and another score to creditors. But keep in mind that lending decisions factor in a lot more than a FICO score. If your scores are in the high 700s and a creditor tells you that’s not high enough, I’d question the information the creditor is giving you.

By: T B

T B — Tue, 01 Dec 2009 18:24:37 +0000

these sites are definitely BS I have a federal tax lien and I still manage to get a score of 796. meanwhile nobody will give me a loan, they just sell you something to make you happy, so you keep buying their baloney. probably the only way to know your true score is to apply for a loan and talk the loan rep into sharing the score with you

By: chris

chris — Wed, 16 Sep 2009 12:40:09 +0000

hello, I just spoke with a rep who denined me a line of credit for a business venture, I am self employed and have had lines before, I have excellent credit, accroding to free credit report dot com I have scores of 779, 781 and 777 respectively. The rep told me that my scores were not that high and the line I was requested required a score of a min of 750, I told her I monitor FCR.com weekly and my score is above 750 and has been for years, she state that is not what she is seeing, I went back to FRC and checked all 3, 779, 781, 771/ so why do lenders see a different score? Is there a scam going, this is the second time in my life this happened, 5 years ago when applying for a new home loan, I checked my credit score, my score then was 730 on one of those sites, not sure which one, but my mort. broker said it was 690 and said those sites are not accurate,….how do I get and know my real scores, seems like consumers are told one things, banks and lenders another, sounds like these sites want people to think their scores are better then they really are?

By: DR

DR — Fri, 24 Jul 2009 02:52:13 +0000

claudia, good catch on Fair Isaacs versus Fair Isaac. However, the company is still known as the Fair Isaac Corporation. A quick review of the company’s SEC filings will confirm this.

By: claudia

claudia — Thu, 23 Jul 2009 15:47:36 +0000

The company was never known as “Fair Isaacs.” It used to be called “Fair isaac” but is now known simply as FICO. A quick google search would have told you that. Too many blogs give out inaccurate information. While this particular example is a small thing, it makes you questio the validity of the entire post.

By: DR

DR — Thu, 23 Jul 2009 02:16:40 +0000

John, my review of the Amex offer is that they do sign you up for credit monitoring service.

By: John

John — Wed, 22 Jul 2009 14:39:30 +0000

Unless you’re an AmEx card holder, in which case you can just go here: www .americanexpress.com/creditreport and avoid the hassle of signing up for anything.

By: DR

DR — Wed, 22 Jul 2009 14:24:55 +0000

I should add that I’ve used both freecreditreport.com and myfico.com. Currently, I’m using myfico.com and prefer it over freecreditreport.com. It gives you a 30-day trial (not just 7-day), you can cancel via the internent (you must call freecreditreport.com to cancel) and myfico.com less expensive if you do decide to keep its credit monitoring service.