thefed
Thinks s/he gets paid by the post
- Joined
- Oct 29, 2005
- Messages
- 2,203
I stand corrected. You are indeed right that the credit bureaus publish a credit score that is generated as a joint effort of the three bureaus. I called TransUnion on this and they confirmed that the FICO score is more readily used by creditors. That number can vary because each creditor looks at credit differently and so each develop their own criteria as to what is important. Their own formulas are used and cannot be equated to the Vantage score. However, if you have a good Vantage score, you will probably have a favorable FICO score. At the suggestion of TransUnion I went online at FICO.com and calculated my score using a simplified FICO system. Without spending $40 to get this number I got it free and came up with 805 on the high side. Tops in the FICO method is 850 as someone else pointed out. In so much as my Vantage score if right up there, I decided that my FICO score should lean toward the high side also. I thank you for correcting me as it allowed me to get more involved in the credit rating system. I've been hammering on my son and daughter to get their credit reports corrected.
$40 is no good. Goto annualcreditreport.com to get your free REPORT from any of the 3 bureaus. While going thru that process, you can get your FICO from that bureau for only $6 or so...very worth it imho...just to know....i like to take a peak every once in a while. Highest I've had was around 740