Why is my credit score different from my FICO score?
Why is my credit score different from my FICO score?
When the scores are significantly different across bureaus, it is likely the underlying data in the credit bureaus is different and thus driving that observed score difference. So, make sure the credit scores you are comparing are actual FICO Scores. The FICO scores should be accessed at the same time.
Is your FICO score more important than your credit score?
While there are many types of credit scores, FICO Scores matter the most because the majority of lenders use these scores to decide whether to approve loan applicants and at what interest rates.”
Is FICO score 8 GOOD OR BAD?
FICO 8 scores range between 300 and 850. A FICO score of at least 700 is considered a good score. There are also industry-specific versions of credit scores that businesses use. For example, the FICO Bankcard Score 8 is the most widely used score when you apply for a new credit card or a credit-limit increase.
Why are my FICO scores different on every credit report?
Since your FICO Scores depend on the data listed on your credit reports, you might not see the exact same score from every credit-reporting agency. Of course, there may be other reasons for any discrepancies in your scores; more on that later.
What is a good credit score range?
Using these criteria, credit users are assigned a number in the FICO score range between 300 and 850, with a higher score indicating better credit. FICO also has a variety of scores based on loan types, such as a FICO Mortgage score, FICO Auto Score and more.
What is the difference between the VantageScore and the FICO score?
The VantageScore and the FICO score are two different scoring models. The VantageScore was developed by all three credit reporting companies: Experian, Equifax, and Trans Union.
How big of a credit score difference is too big?
Differences of much more than 20 points should cause concern. You may be looking at more-serious reporting or scoring variations, such as those involving late payments, collections or maxed-out cards.