Who's got the best FICO Score?

[FoBoT]

Originally posted by: purbeast0
show me where I can find a free credit report where I don't have to sign up for anything then cancel and I'll let you know.

your FICO score and credit report are not the same thing

you can get a copy of your credit report for free once a year from annualcreditreport.com , but you can't really get your FICO score for free, it comes from a different place (www.myfico.com should have info)

myFICO is the consumer division of Fair Isaac, the company that invented the FICO credit risk score that lenders use. Starting in the 1960s, Fair Isaac sparked a revolution by pioneering credit risk scoring for the financial services industry. This new approach to lending enabled financial institutions to improve their business performance and expand consumers? access to credit. Today Fair Isaac?s FICO score is widely recognized as the industry standard for lenders.

myFICO offers informative, actionable credit information products that help people understand actions they can take to improve and protect their overall financial health. Through myFICO.com and our associates, over ten million FICO scores have been sold to U.S. consumers since we launched our consumer service in March of 2001. Learn more about our Partner Programs.

We are allied with national credit reporting agencies Equifax, TransUnion and Experian to create a new generation of credit information products that empower consumers to understand, improve and protect their true credit standing.

myFICO?s Affiliate Program offers commissions of 20% or more on most product sales.

Fair Isaac is publicly traded on the New York Stock Exchange under its symbol FIC.

 

[Toasthead]

Originally posted by: MichaelD

Originally posted by: Toasthead


811

Your score means nothing, really. Creditors/lenders/banks look at many things when considering whether or not you're a good credit risk.

Any 25 year old earning $80K+ b/c of his/her Master's degree might score high, but that doesn't mean they're a good credit risk. Income + payment history +/- missed payments is the best way to determine credit worthiness.

I'm not impressed, Paduwan.

haha credit score means nothing... thats a good one.

Yours must suck.

Payment history and missed payments is factored into the FICO score.

BTW, Im 34 with a 35 year credit history.

 

[purbeast0]

Originally posted by: mugs

Originally posted by: purbeast0
has anyone used this site before?

Annual Credit Report

My friend signed up but I'm wondering if anyone else has done it as well and can vouch that it's a free 1 time score (1 per year) with no strings attached.

I don't think your score is free, your report is. You have to pay like $5 for each score.

Yah okay I'm about to do it right now, I have been wondering for some time my score.

Thanks Fobot for that post too.

 

[mugs]

Originally posted by: Toasthead
BTW, Im 34 with a 35 year credit history.

.....?

 

[FoBoT]

Originally posted by: cKGunslinger

Originally posted by: FoBoT
yes, annualcreditreport.com is legit

Yes, they are legit, but they don't give you your actual credit score, however, just your record. I think.

FICO is NOT directly done by the credit reporting agencies. the FACT act didn't address FICO scores, so FAIR ISSAC isn't required to provide your score for free. so you have to pay for the FICO score , but the reports themselves, you can get from annualcreditreport.com

 

[ultimatebob]

Anything over 750 is top tier, so it doesn't really matter where your score is once you're over that point.

That said, my average FICO between the three credit bureaus is 802, with a top score of 812

 

[Vic]

<- mortgage professional, 11 years experience

1. That's a single score, Equifax only. Lenders use the middle score of the 3 bureaus.

2. Credit score is not everything. It is very important, but many other factors also apply, especially income, job history, etc. The "4 C's" of loan underwriting are Credit, Capacity, Capital, and Collateral (not necessarily in that order). The only loan a person can possibly get solely on the basis of credit score alone these days is a credit card, and how cool is that when even high school kids got wallets full of plastic these days?

3. Online credit scores are not entirely reliable. In my professional experience, actual credit scores pulled by lenders tend to be slightly lower than those that customers pull themselves.

4. Bragging about your credit score online is stupid. I slept in a Holiday Inn Express last night.

 

[tfinch2]

Between 700 and 800

 

[FoBoT]

Originally posted by: Vic
I slept in a Holiday Inn Express last night.

:thumbsup:

 

[PingSpike]

Mine was about 750. My wife's was like 825.

 

[PingSpike]

Originally posted by: Toasthead
BTW, Im 34 with a 35 year credit history.

I've got 10 years of experience in Windows 2003 Server administration.

 

[Reckoner]

Originally posted by: mugs

Originally posted by: Toasthead
BTW, Im 34 with a 35 year credit history.

.....?

Yeah, that one had me scratching my head too.


Anyways, anything over 740 or so is going to get you the best rates. So the people who really care about getting into the 800's are the people who start threads like these.

 

[Demon-Xanth]

Last time mine was pulled (about a year ago) I had 797, 805, and 815. Not too bad for someone in thier 20s

 

[purbeast0]

The OP has officially been pwned.

this is the first time I've ever had my credit report checked too.

 

[Toasthead]

Originally posted by: mugs

Originally posted by: Toasthead
BTW, Im 34 with a 35 year credit history.

.....?

My parents put me on thier credit card that they got one year before I was born...instant credit history.

 

[DainBramaged]

uhh....42?

 

[mugs]

Originally posted by: Toasthead

Originally posted by: mugs

Originally posted by: Toasthead
BTW, Im 34 with a 35 year credit history.

.....?

My parents put me on thier credit card that they had before I was born..instant credit history.

So you're waving your ePenis over a credit score that you didn't even earn yourself?

Hahahaha!

 

[mugs]

Originally posted by: purbeast0
The OP has officially been pwned.

this is the first time I've ever had my credit report checked too.

Psssst... that scale goes up to 925, not 850. That's not a FICO score, it's a credit score.

Edit: Removed the link so you can do the same if you want.

 

[Miramonti]

Originally posted by: purbeast0
The OP has officially been pwned.

this is the first time I've ever had my credit report checked too.

That's your "Transunion Personal Credit Score", NOT your fico.

Fico tops at 850, not 950.

Equivalent fico for you 'might' be a 740.

 

[purbeast0]

Originally posted by: jjsole

Originally posted by: purbeast0
The OP has officially been pwned.

this is the first time I've ever had my credit report checked too.

That's your "Transunion Personal Credit Score", NOT your fico.

Fico tops at 850, not 950.

Equivalent fico for you 'might' be a 740.

yah i'm a noob to this as i said. FICO is the average of all 3 of the credit ones right?

 

[Feldenak]

Don't really know what it is, nor do I particularly care.

 

[ViviTheMage]

Originally posted by: purbeast0
The OP has officially been pwned.

this is the first time I've ever had my credit report checked too.

you're the one on a MAC, not him
he is the winner in my eyes

 

[FoBoT]

"FICO is the average of all 3 of the credit ones right? "

no, FICO is the score that Fair Issac generates through some proprietary algorithm for each of the credit histories from the 3 credit reporting agencies (something like that anyway)

FICO scores are the credit scores most lenders use to determine your credit risk. You have three FICO scores, one for each of the three credit bureaus ? Experian, TransUnion, and Equifax. Each score is based on information the credit bureau keeps on file about you. As this information changes, your credit scores tend to change as well.

 

[MustangSVT]

hmm what's the difference between credit rating and FICO?

My credit is at 775 last week when I checked. (isnt the highest 800?)

 

[purbeast0]

Originally posted by: FoBoT
"FICO is the average of all 3 of the credit ones right? "

no, FICO is the score that Fair Issac generates through some proprietary algorithm for each of the credit histories from the 3 credit reporting agencies (something like that anyway)

FICO scores are the credit scores most lenders use to determine your credit risk. You have three FICO scores, one for each of the three credit bureaus ? Experian, TransUnion, and Equifax. Each score is based on information the credit bureau keeps on file about you. As this information changes, your credit scores tend to change as well.

oh okay, see I thought the score I got from Transunion would actually mean something lol.

But atleast looking at my report, I don't have 1 late payment or anything, so that's good.