GoFuckYourself.com - Adult Webmaster Forum - View Single Post

Gaybucks · 05-22-2006, 12:07 AM

One very important thing I discovered recently while pulling and cleaning up errors on my credit reports:

The three credit bureaus DO NOT all use the Fair, Issac (FICO) scoring. Only one of them -- I think it's Equifax -- actually uses FICO. The others use their own proprietary algorithms that can be WILDLY off from the FICO. These imitation scores are known as "FAKE-O" by many people in the business.

I couldn't figure out why my own scores were so low with Trans Union and Experian, and I finally read this info, went to MyFico.com (run by Fair, Isaac), pulled my three bureau scores again through MyFico, and the results were between 40 and 70 points higher than the fake scores offered up by the bureaus themselves.

Also, a consumer inquiry absolutely does not affect your score in any way. I pulled mine about 5 times in 3 months getting various errors corrected, and while it shows internally as a "disclosure to consumer" it doesn't show to anyone else pulling the report or affect the score. HOWEVER, if you have a mortgage broker or car dealership -- or, for that matter, a bank where your business is seeking a merchant account -- or anyone else pull your report, it will ding your score (usually between 2 and 6 points, depending on other factors).

05-22-2006, 12:07 AM
Gaybucks Confirmed User Join Date: May 2004 Location: Sacramento, CA Posts: 451	One very important thing I discovered recently while pulling and cleaning up errors on my credit reports: The three credit bureaus DO NOT all use the Fair, Issac (FICO) scoring. Only one of them -- I think it's Equifax -- actually uses FICO. The others use their own proprietary algorithms that can be WILDLY off from the FICO. These imitation scores are known as "FAKE-O" by many people in the business. I couldn't figure out why my own scores were so low with Trans Union and Experian, and I finally read this info, went to MyFico.com (run by Fair, Isaac), pulled my three bureau scores again through MyFico, and the results were between 40 and 70 points higher than the fake scores offered up by the bureaus themselves. Also, a consumer inquiry absolutely does not affect your score in any way. I pulled mine about 5 times in 3 months getting various errors corrected, and while it shows internally as a "disclosure to consumer" it doesn't show to anyone else pulling the report or affect the score. HOWEVER, if you have a mortgage broker or car dealership -- or, for that matter, a bank where your business is seeking a merchant account -- or anyone else pull your report, it will ding your score (usually between 2 and 6 points, depending on other factors). __________________ Gaybucks.com 100% exclusive American guys - hosted movie galleries - NATS - Boyfunk.com - Boysfeetclub.com - AJsCloset.com- SkylerDeVoss.com ICQ 272-995-402