- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Credit score ranges: Can someone give me a definitive answer to this?
Posted on 4/16/13 at 3:35 pm to JonTheTigerFan
Posted on 4/16/13 at 3:35 pm to JonTheTigerFan
quote:
If they used another type of credit score, I would probably find another lender.
I wish I still had that disclosure form to see that their model and ranges said. It seemed really weird.
As for FICO, I guess I just don't totally understand what is a FICO score and what isn't unless it says Fair Isaacs behind it. But either way I don't take too much into what the score says. I know that if I have a good mix of credit, good average age of accounts, pay bills on time, and a low balance-to-limit ratio then the score will fall in line with what I need it to be.
I have a credit monitoring service with Identity guard. I know it does not use Fico scores, but IMO it is the best comprehensive monitoring service out there. The scores are generally off by 10-30 points, but it shows me what is on my CRs as well as alerts me when an inquiry is made. Myfico just does not give me the access to all 3 like I want.
1
Posted on 4/16/13 at 4:01 pm to mglsu21
When I was preparing to apply for a mortgage I used USAA's monitoring service because they let you pull a report from all 3 bureaus once a day. They stopped letting you pull everyday and went to once per month though. They provided a score too, which I ignored.
As long as you can monitor your credit and not put a lot of stock into the "credit scores" the services provide, it's a good thing. The FICO scores all 3 bureaus use all use the same formula but may weight the conponents differently. Just pay your bills on time, limit the amount of inquiries you have, keep a good mix of credit (revolving, mortgage, installment) and keep your REVOLVING utilization less than 10%.
As long as you can monitor your credit and not put a lot of stock into the "credit scores" the services provide, it's a good thing. The FICO scores all 3 bureaus use all use the same formula but may weight the conponents differently. Just pay your bills on time, limit the amount of inquiries you have, keep a good mix of credit (revolving, mortgage, installment) and keep your REVOLVING utilization less than 10%.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News