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I've been using that for quite a few years. Just did it today as a matter of fact and I found a mistake. It had someone elses name on my report as well as a weird address in Texas. I got it taken off too. It just took about 15 minutes on the phone.
The great thing about this is that it gives you free credit reports from all 3 credit report companies 1 time per year; Trans Union, Equifax and Experian.
I try to do it every 6 months (If I remember) What I do is order ONLY 1 or 2 of the 3 at a time. So today I ordered Trans Union and Experian. In 6 months I'll order Equifax.
If I forget, like I did this past time, and a year passes, then order Equifax and one other. then rotate. That way you can order every 6 months if you feel the need to check more often then 1 time per year.
about every 3 years I will pay the $7 or $8 to order the FICO. We refi'd a few years ago and my banker told me our scores (not supposed to) so I have them written down and unless something changes with my situation, I know I'm good so no need to order it any time soon.
Incorrect, they use your Experian credit report to cook up a score based on their non-FICO algorithm.
Being from Experian or Equifax or Transunion does not mean it's a FICO. Those companies merely compile your data and create a report without a score. If they supply you a score, they likely did not pay FICO to use their algorithm and substituted an in-house one that no lender ever looks at.
It says Experian. It also explicitly says it's Experian's FAKO score and not the FICO.
Here's a snarky article about FAKO scores. As you can see, in his case the FAKO scores are all very accurate. No idea why he thinks they're worthless. Being off by 10-20 points generally won't swing things one way or another.... maybe if you're right on the fence. But for most of our purposes, FAKOs are perfectly fine. They give a good indication of where you stand. I watch Credit Karma just for changes more than anything. Last time I applied for a loan and got my actual FICO it was off by 10-20 points. Pretty close.
haha
i don't know if you're being serious or not, but in case you are serious, you should know that banks do charge a 15 dollar fee for running your credit when you apply for a loan. (at least all the banks i've dealt with over the past 10 years)
Time to get a better bank then. I've gotten mine the one time I applied of an auto loan (no fee) and then for two credit cards (no fee).
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Originally Posted by Pitt Chick
Hmmm... I never got that charge from a bank.
Me either.
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Discover gives free FICO scores for their It card customers.
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Originally Posted by clutchcargo777
First National Bank of Ohmaha CC's and some of Barclay CC's give you a real free FICO as well.
Discover and Barclays is a Transunion FICO and FNBO's is an Experian bankcard enhanced FICO.
Some others that give free monthly FICO's ..
PSECU (Pennsylvania State Employees Credit Union) - EX FICO
Walmart store card / Walmart Discover (have to sign up for paperless to get the score, also it doesn't provide scores for those who are AU's) - TU FICO
DCU (Digital CU) - EQ FICO
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Also, banks are required to supply you with the score they used if they deny you or give you less favorable terms. Since "less favorable ters" is sorta vague, they generally supply it with every app, approved or denied. So one way to get your FICO is to apply for a credit card. Of course, that will likely only get you one of the three.
They send a score, not necessarily a FICO. If the bank/creditor uses their own internal scoring method then that's the score they will send.
The major credit rating agencies have different formulae for determining your credit score, and the ones that you can get, even if you pay for them, are seldom the ones lenders actually use. If you have a relationship with a bank or credit union, you can probably go in and ask them for your credit score.
It says Experian. It also explicitly says it's Experian's FAKO score and not the FICO.
Here's a snarky article about FAKO scores. As you can see, in his case the FAKO scores are all very accurate. No idea why he thinks they're worthless. Being off by 10-20 points generally won't swing things one way or another.... maybe if you're right on the fence. But for most of our purposes, FAKOs are perfectly fine. They give a good indication of where you stand. I watch Credit Karma just for changes more than anything. Last time I applied for a loan and got my actual FICO it was off by 10-20 points. Pretty close.
In my case my FAKO's are 72 points different then my FICO's.. How's that for anecdotal evidence?
With the exception of tracking very general movement of your score, FAKO's are worth exactly what you paid for them, nothing.
When I see people posting their FAKO's and comparing them it makes me laugh. There are so many variations of FAKO's (and FICO's) with different ranges of scores, how can you judge a "score"?
You can't. The only score that counts is the one your lender or insurance agent uses. 90% of the time that is a FICO provided by Fair Isaac.
With FAKO's ranging from 300-990 and real FICO's ranging from 300-850, what does a "score" of 750 mean if you don't know what range it came from. A 750 FICO is pretty good, a 750 FAKO in the 300-990 not so much.
I guess what I'm saying is, know your score and don't pay for (or get excited about) a fake one.
CreditKarma.com. It really is free, and gives you all three credit bureaus' info on you and your FICO score. Very very good site.
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