Cheapest way to get your FICO?

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Not sure if this is the right place to ask. But am looking for the cheapest way to find my FICO (not FAKO). I have been unable to find anything for that except the FICO website itself (around $45 for scores with all 3 agencies or $15 each).
Any ideas?
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Possible alternatives suggested -
Equifax offer for FICO score when viewing free annual credit report - $6.95
Free FICO score for Providian credit cards here
Score Watch 30-Day FREE Trial gives Equifax FICO

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kram2583 said: <blockquote><hr>cameron2003 said: <blockquote><hr><br>Kram- THank you very much for posting this. <block... (more)

cameron2003 (Jun. 04, 2006 @ 8:43p) |

thanks for the info, just saved me $15 to get some peace of mind

jazztimes10 (Jun. 18, 2006 @ 6:58p) |

at annualcreditreport.com you can get the equifax FICO credit score for $7.95. I did that and my Fico was 762.

Squeezer99 (Jun. 18, 2006 @ 8:10p) |

Direct from the PROVIDIAN/WAMU website so there isn't anymore confusion on this issue:


Why do different sources show different FICO scores?

The FICO score displayed on this website is calculated as a Bankcard Industry Option FICO Score and is determined as of a certain date (usually for the preceding month) as indicated with the score. If you purchase a credit report product from a credit bureau with a FICO credit score, that score will most likely be different because it may be based on a different calculation (such as the Classic FICO Score) and includes your current credit information.

It is also important to note that your score may be different at each of the three main credit reporting agencies. The FICO score from each credit reporting agency considers only the data in your credit report at that agency. If your current scores from the three credit reporting agencies are different, it's probably because the information those agencies have on you differs. If you have a question about your FICO credit score or the items in your credit report, please contact TransUnion at www.transunioncs.com.

myFico.com
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If you go to annualcreditreport.com to get your free credit report, there is usually an option to also purchase your score. The equifax FICO score costs $6.95 if I'm not mistaken. Otherwise, search these threads and try the credit-monitoring with score trials, but you'll have to keep on top of things to cancel and avoid being charged.

mgdeals said: [Q]If you go to annualcreditreport.com to get your free credit report, there is usually an option to also purchase your score. The experian one (I think that is the true fico, but not sure), costs $6.95 if I'm not mistaken. Otherwise, search these threads and try the credit-monitoring with score trials, but you'll have to keep on top of things to cancel and avoid being charged.
Will check on the offer with the free credit report. As for the credit monitor trials, most of these report a score but not the true FICO. They specifically denied their score being related to the FICO.

Equifax is the true fico, NOT experian like I said before.

mgdeals said: [Q]Equifax is the true fico, NOT experian like I said before.
Thanks.

I have the Paypal credit card from Providian and they provide your FICO score every month for free.

sfortier said: [Q]I have the Paypal credit card from Providian and they provide your FICO score every month for free.
Me too, however I heard this may not be accurate. Can anyone else confirm?

partygirl21 said: [Q]sfortier said: [Q]I have the Paypal credit card from Providian and they provide your FICO score every month for free.
Me too, however I heard this may not be accurate. Can anyone else confirm?

Yes. Providian/wamu card provides a FAKO. It is useful but more weighted towards riskyness as seen by a credit card company. My providan account also seems to have a nasty habit of delaying updating my scores for between 2 weeks and a month. It makes the score less useful as the score is a result of a snapshot of your credit history at a certain point in time.

theman2 said: [Q]partygirl21 said: [Q]sfortier said: [Q]I have the Paypal credit card from Providian and they provide your FICO score every month for free.
Me too, however I heard this may not be accurate. Can anyone else confirm?

Yes. Providian/wamu card provides a FAKO. It is useful but more weighted towards riskyness as seen by a credit card company. My providan account also seems to have a nasty habit of delaying updating my scores for between 2 weeks and a month. It makes the score less useful as the score is a result of a snapshot of your credit history at a certain point in time.


You sir are incorrect. I'm tired of people telling other members on this site that Providian/WAMU score is not a true Fico score, AKA Fako. This is wrong! The score provided on Providian website is indeed a TRUE FICO SCORE. It is the bankcard enhanced FICO score. There are fico scores for mortgages, auto, and bankcards. THE FICO SCORE ON PROVIDIAN WEBSITE IS A TRUE FICO SCORE. IT IS NOT A FAKO, IT IS A TRUE FICO SCORE. It is the bankcard enhanced version of your FICO score.

ETA: QUICK SUMMARY UPDATED WITH INFO DIRECTLY FROM PROVIDIAN/WAMU WEBSITE

They may have different names but all three credit bureaus provide true FICO scores:

Beacon at Equifax US and Canada
FICO Risk Score, Classic at TransUnion US
EMPIRICA at TransUnion Canada and at TransUnion ITC in South Africa
Experian/Fair Isaac Risk Model at Experian

NukeMedDude is right that wamu does give you a true FICO, under the category of FICO industry options scores. There are other types as well such as for people with limited credit history, as decribed here http://triceiver.com/FICO

I thought Washington Mutual CC only gives free FICO for up to 90 days?? Not free FICO for life. Can anyone confirm this? I intended to apply for their card but their pre-approved letter stated only 90 days.

Thanks for the info about Providian!

MyFico.com, get Scorewatch. It will give you your equifax Credit Report and fico for 7.95/month. Identity Theft Security Deluxe will give you your transunion Fico and it's only 4.95/month. Cancel before the month is up if you wish.

Use a 10-20% coupon to make it sweeter.

psuJC said: [Q]MyFico.com, get Scorewatch. It will give you your equifax Credit Report and fico for 7.95/month. Identity Theft Security Deluxe will give you your transunion Fico and it's only 4.95/month. Cancel before the month is up if you wish.

Use a 10-20% coupon to make it sweeter.

Does the Scorewatch really give a FICO score? That would be really weird as they have the one-time Equifax FICO option for $14.95.

who cares if it's TRUE fico? the lenders get their own versions, use their own underwriting. it's all kinda voodoo. search for fico, and see what pops up.

here's one. yeah, it's a FAKO

I don't have providian but have a wamu. Can I get this FICO/FAKO?

aprince1 said: [Q]I don't have providian but have a wamu. Can I get this FICO/FAKO?
I believe the service is only for Providan card holders.

vineetb17 said: [Q]psuJC said: [Q]MyFico.com, get Scorewatch. It will give you your equifax Credit Report and fico for 7.95/month. Identity Theft Security Deluxe will give you your transunion Fico and it's only 4.95/month. Cancel before the month is up if you wish.

Use a 10-20% coupon to make it sweeter.

Does the Scorewatch really give a FICO score? That would be really weird as they have the one-time Equifax FICO option for $14.95.


Yes, it does. If you get the scorewatch service, which is billed monthly, you can get your score at anytime. You're also given a couple full credit reports with real fico scores. You get an alert anytime there is a change in your Equifax credit report. (Inquiry, new account, score change, collection account, etc etc)

NukeMedDude said: [Q]You sir are incorrect. I'm tired of people telling other members on this site that Providian/WAMU score is not a true Fico score, AKA Fako. This is wrong! The score provided on Providian website is indeed a TRUE FICO SCORE. It is the bankcard enhanced FICO score. There are fico scores for mortgages, auto, and bankcards. THE FICO SCORE ON PROVIDIAN WEBSITE IS A TRUE FICO SCORE. IT IS NOT A FAKO, IT IS A TRUE FICO SCORE. It is the bankcard enhanced version of your FICO score.

ETA: QUICK SUMMARY UPDATED WITH INFO DIRECTLY FROM PROVIDIAN/WAMU WEBSITE

Yes. It is the bankcard enhance FICO, as you so kindly repeat mulitple times. If you are concerned with what credit card companies look at, the Providian score is great. But no amount of typing in all caps or repetition could refute my previous statement. The 'bankcard enhanced FICO score' that Providian provides will be different from the report generated by the CRA which "may be based on a different calculation (such as the Classic FICO Score)." This clearly states that the model used to generate the numbers on Providian's website differs from the classic FICO. They also call it the bankcard enhanced version. Clearly, it is not the model used by home and auto lenders to determine credit worthiness. As such, it has less value to someone interested in financing a home. Since it is not a 'Classic FICO', the name FAKO has been coined.

vineetb17 said: [Q]aprince1 said: [Q]I don't have providian but have a wamu. Can I get this FICO/FAKO?
I believe the service is only for Providan card holders.

Just received a MasterCard offer from WaMu, which says:
[Q]
Credit score access: FICO(R) crdit score availability for new accounts can take up to 90 days from account opening. Scores are generally updated on a monthly basis depending on credit bureau updates and account standing. FICO credit score are only available online.


Elsewhere it says that the scors are free.


I'm so confuse and stupid,

so Bankcard Industry Option FICO Score = FAKO ?
or Bankcard Industry Option FICO Score = _____ ?

<img src="i/expressions/face-icon-small-happy.gif" border=0> So anyone know the credit score American Express Clear is FICO or True Fico or FAKO or Bankcard Industry Option FICO Score ? With Clear, I really don't know where I stand.

FWIW, I signed up for the scorewatch free trial last month at myfico.com when I was shopping for a mortgage. I pulled my credit score twice within the month and then cancelled the account before the month was up to avoid getting charged. The FICO score I got from score watch was the exact same score that the bank pulled up when I was getting approved for the loan.

If you don't care for the hard pull hit, you can get FICO by looking for pre-approval on a loan. Many lenders offer those for free (applications usually have a fee but not pre-approval) and as part of your pre-approval decision will include a copy of your FICO (and that of any co-borrowers). I know it happened to us for both lenders we got pre-approved with when we were shopping for mortgage.

I have a Providian card and I have access to it any time. They also throw in a little chart to see whether it goes up or down. What they won't do is tell me why my score dropped 30 points when I was carrying a $500 balance and put $300 towards it. That took my score from 828 to 798. WTF?

When most people talk about FICO, they probably only refer to the Classic FICO while thinking everything else is a FAKO. IMO, if anyone licenses FairIsaac's models to calculate the scores (showing the FICO(R)), they should be considered true FICO even thoug they may be in a different category than Classic. There are some banks and lenders who don't use FairIsaac's models - they have their own and come up with credit scores using a similar scale to FICO - these are FAKO.

The thing is, it doesn't really matter. They won't tell you what model they use, and even if they do, your financial data at the 3 bureaus may vary dramatically from each other. You can purchase Classic FICO from all three at the same time, but don't be surprised if they are off by 100 points from each other. For most consumers not in a hurry for a loan, it is more important to take care of financial data on your credit reports and the score will take care of itself.

I'm not willing to pay a dime for someone to calculate a score based on my credit information. Like ksd mentioned, the underlying information that the score is based on is probably more important to focus on. Just gimme the equations and I'll calculate it myself, just for kicks.

ramo said: [Q]FWIW, I signed up for the scorewatch free trial last month at myfico.com when I was shopping for a mortgage. I pulled my credit score twice within the month and then cancelled the account before the month was up to avoid getting charged. The FICO score I got from score watch was the exact same score that the bank pulled up when I was getting approved for the loan.I just did this today as well. No problem signing up, and no charge if you cancel before thirty days are up.

This is not from Equifax and could be much different than EQ's.

For people who asked about WAMU and Providian - it's the same, WAMU bought them out last year.
Providian still provides the processing, but the brand will be probably phased out gradually.

neophyte said: [Q]For people who asked about WAMU and Providian - it's the same, WAMU bought them out last year.
Providian still provides the processing, but the brand will be probably phased out gradually.

Man, that's too bad. Providian sounds so cool.

This is from MyFICO.com:

Negative Factors (in my credit report):
The proportion of balances to credit limits on your revolving accounts is too high
The proportion of balances to credit limits (high credit) on your revolving accounts is 11%. The average proportion of balances to credit limits on revolving accounts carried by U.S. consumers is around 40%. Click here to review your Accounts Summary."

How is 11% utilization considered a bad thing? Am I wrong or is something wrong with myFICO's interpretation of my utilization?

dj7houston said: [Q]This is from MyFICO.com:

Negative Factors (in my credit report):
The proportion of balances to credit limits on your revolving accounts is too high
The proportion of balances to credit limits (high credit) on your revolving accounts is 11%. The average proportion of balances to credit limits on revolving accounts carried by U.S. consumers is around 40%. Click here to review your Accounts Summary."

How is 11% utilization considered a bad thing? Am I wrong or is something wrong with myFICO's interpretation of my utilization?

Because those are available pre-existing sources of credit that you could quickly run up. Of course that reasoning is pure BS...because if you were at 70% then they'd claim your untilization was too high. Basically, they can interpret either way...damned if you do, damned if you don't...

dj7houston said: [Q]This is from MyFICO.com:

Negative Factors (in my credit report):
The proportion of balances to credit limits on your revolving accounts is too high
The proportion of balances to credit limits (high credit) on your revolving accounts is 11%. The average proportion of balances to credit limits on revolving accounts carried by U.S. consumers is around 40%. Click here to review your Accounts Summary."

How is 11% utilization considered a bad thing? Am I wrong or is something wrong with myFICO's interpretation of my utilization?

AFAIK, you're supposed to keep below 30% total utilization, and below 30% utilization on each account. Does any one of your accounts have > 30% utilization perhaps? Or perhaps, are your credit limits very high in relation to your income?

mariojm said: [Q]Or perhaps, are your credit limits very high in relation to your income?Income is not factored into the FICO score.

craftsmd said: [Q]dj7houston said: [Q]This is from MyFICO.com:

Negative Factors (in my credit report):
The proportion of balances to credit limits on your revolving accounts is too high
The proportion of balances to credit limits (high credit) on your revolving accounts is 11%. The average proportion of balances to credit limits on revolving accounts carried by U.S. consumers is around 40%. Click here to review your Accounts Summary."

How is 11% utilization considered a bad thing? Am I wrong or is something wrong with myFICO's interpretation of my utilization?

Because those are available pre-existing sources of credit that you could quickly run up. Of course that reasoning is pure BS...because if you were at 70% then they'd claim your untilization was too high. Basically, they can interpret either way...damned if you do, damned if you don't...

I'm sorry, but I don't understand the reasoning behind it. So they're saying that since I have a relatively small balance, it will grow into a potential big debt?

How often are the three bureaus updated with one's CC balance etc.
I guess this isn't real-time. But even if it isn't real-time, in this particular scenario, would the three bureaus be updated when going for a mortgage ????
>>e.g., Today I charge my CC w/ $1500 for a purchase and in a week I go for mortgage, would this be reflected in my FICO and have negative impact on my FICO/Mortgage rates ?? Should I pay of this $1500 immediately b4 going for the mortgage...?? Help is appreciated. Thankx.

NukeMedDude said: [Q]

Yes, it does. If you get the scorewatch service, which is billed monthly, you can get your score at anytime. You're also given a couple full credit reports with real fico scores. You get an alert anytime there is a change in your Equifax credit report. (Inquiry, new account, score change, collection account, etc etc)
I use scorewatch and get updated score only when my target score changes, But find you cannot get your score anytime you want unless you pay $10.95.

Usually updated month when each issuer sends their records. Could take 2 months to update

If you create an account at eloan.com you can get a free credit score. The sign up process allows you to opt out of receiving communication/offers from them.

Link

BTW - the score is based on Transunion info

Skipping 14 Messages...
at annualcreditreport.com you can get the equifax FICO credit score for $7.95. I did that and my Fico was 762.



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