What is the most accurate credit score website?

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paparoach429
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What is the most accurate credit score website?

Postby paparoach429 » Fri Feb 01, 2013 3:24 am

On sites like Credit Karma, Quizzle, and Credit Sesame how accurate are those scores to your real ficos? Have you guys pulled a real fico around the same time as you got these scores, if so, how much did they vary?



sakhalin
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Postby sakhalin » Sat Feb 02, 2013 4:09 am

Credit Karma pulls from TransUnion. In late September/early October my CK score was 746. When Discover sent me my TU FICO in early October, it was 781. Credit Sesame pulls from Experian and in November, it said my score was 730. AMEX sent me my Experian FICO in late November, and it was 776.

Obviously in my case my FICOs were higher than my FAKOs by 40ish points, but I've read on other forums that some people's FICOs were actually lower than their FAKOs! So YMMV, but FAKO scores should not be relied upon anyways. I use those sites to monitor my credit profile to get a sense of where I'm at.
AMEX BCE ($20,000), Citi Forward ($6,800), Discover IT ($5,250), BoA Travel Rewards ($1,800)

FutureBillionaire
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Postby FutureBillionaire » Sat Feb 02, 2013 9:21 am

Myfico or Equifax have the true Fico scores.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

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nomnomnom
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Postby nomnomnom » Sat Feb 02, 2013 3:55 pm

FutureBillionaire wrote:Myfico or Equifax have the true Fico scores.


This. This is because Equifax BEACON scores are the only closest true baseline to a real FICO score. Transunion and Experian are a quasi-modification of this using their own risk analysis algorithm.

I personally don't find score to be the end all. I have had 750+ scores and been denied simple credit due to a lack of history. I have had sub 690 scores and been handed credit left and right due to a solid history.

You can use sites like CreditSesame.com, CreditKarma.com, Credit.com, SmartCredit.com, and others to get a good idea of the health of your credit profile and history, but it should always be taken with a grain of salt.

Even the direct-from-bureau scores should be taken with a grain of salt, because lenders can apply their own score adjustments based on the type of credit you are applying for (mortgage, auto, personal, etc.).

My two cents: Create a solid, diverse credit profile with a perfect history of on-time payments and low credit utilization and the score should follow.
[CENTER][font=Arial][size=60]Equifax: 753, Transunion: 742, Experian: 740
Discover It 10,000
USAA Total Rewards Visa 16,000
AmEx HH 16,300 | AmEx BCP 2,000
Chase Freedom Visa 10,000 | Chase Slate Visa 1,500
PenFed Platinum Visa 10,000 | PenFed Line of Credit 3,500
CapOne Platinum Mastercard 5,000 | CapOne Best Buy 4,500 | CapOne Orbitz Visa 1,000
OnPoint Platinum Visa 5,500 | Barclays NFL Visa 2,500 | US Bank Cash 1,500 | KeyBank PLOC 1,500
Amazon Store Card 400
Total Credit Line: $91,200 -- Last Updated: July 28th, 2013[/size][/font][/CENTER]

MemberSince99
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Postby MemberSince99 » Sat Feb 02, 2013 4:07 pm

The sites you mentioned are not FICO but FAKO scores. It could be pretty close or it could be off by 70 points either way. Best not to put too much stock in the number that are non-FICO and just use them as an ongoing barameter of your overall credit health.



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