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HomeCredit ForumCredit repair

Which is of more importance... Credit score or FICO score?

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asked: Which is of more importance... Credit score or FICO score?
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FICO Score
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Credit Score
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fireyone



Joined: 26 Feb 2008
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Posts: 2858



1966 Magic Points
 
 Posted on Mon Jul 28, 2008 2:37 pm  
Where did ya go.
 
justluv



Joined: 19 Aug 2008
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Posts: 3
Location: south jersey


136 Magic Points
Subject: Which is of more importance... Credit score or FICO score?
 
 Posted on Tue Aug 19, 2008 10:24 pm  
just because people seem to care more about that one more
 
fireyone



Joined: 26 Feb 2008
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Posts: 2858



1966 Magic Points
 
 Posted on Tue Aug 19, 2008 11:16 pm  
What one more, seem to have track of this post.
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3137



5332 Magic Points
 
 Posted on Wed Aug 20, 2008 12:43 am  
what?
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
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Posts: 2858



1966 Magic Points
 
 Posted on Wed Aug 20, 2008 12:49 am  
I have no clue myself.
 
goodnatured



Joined: 03 Nov 2007
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5332 Magic Points
 
 Posted on Wed Aug 20, 2008 3:37 am  
that is how i felt when i read it
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
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Posts: 2858



1966 Magic Points
 
 Posted on Wed Aug 20, 2008 7:12 pm  
Shall we let this one go or start back at the begiining?
 
BankOnAce



Joined: 03 Sep 2008
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143 Magic Points
Subject: Which is of more importance... Credit score or FICO score?
 
 Posted on Sun Sep 07, 2008 1:39 pm  
lk
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3137



5332 Magic Points
 
 Posted on Sun Sep 07, 2008 9:25 pm  
you will have that.
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
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Posts: 2858



1966 Magic Points
 
 Posted on Tue Sep 09, 2008 1:48 am  
This is true. I just actually wonder which score is more impartant the FICO or credit. And why do we need so many scores anyway. Just like now there is one m ore credit reporting agency. Innovois...why do we need one more to complicate matters. They can not be that beg of an outfit if the federal giverment is not making them hand out a free report. Not onlly that when you hear people taliking about reports it is a name not mentioned.
 
mirage12



Joined: 24 Jul 2008
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Posts: 8



275 Magic Points
 
 Posted on Thu Sep 11, 2008 2:45 am  
I thought FICO score and credit score are the same.. Confused
 
anthony

anthony

Joined: 31 Jul 2006
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Posts: 493



12319 Magic Points
 
 Posted on Thu Sep 11, 2008 7:25 am  
Hi mirage
FICO score is a type of credit score which is used by most of the creditors to judge your creditworthiness. It is a credit scoring model prepared by Fair Issac corporation. However, there is another type of credit score know as Vantage Score which is being prepared by the three credit bureaus to overcome difference in the credit score which is now found among the FICO score of the three bureaus. Both FICO score and Vantage score are different credit scoring models.
_________________
Anthony Marx

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
You can also visit my blog
http://financewatchonline.blogspot.com
 
fireyone



Joined: 26 Feb 2008
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Posts: 2858



1966 Magic Points
 
 Posted on Thu Sep 11, 2008 5:03 pm  
Wht are there so many different scoring methods?
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3137



5332 Magic Points
 
 Posted on Sat Sep 13, 2008 12:37 am  
It depends on you are looking at it or how the credit reporting agency calculates the score.
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
Mary

Mary

Joined: 06 Jul 2006
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Posts: 324



8704 Magic Points
 
 Posted on Thu Sep 25, 2008 10:38 am  
I agree with Anthony. However, the creditors mostly determine the creditworthiness of the borrower depending upon the FICO score. Since the FICO score sometimes varies among the credit bureaus, borrowers often use middle credit score and average credit score to determine the borrowers creditworthiness. Average credit score is mostly used by sub prime lenders who lend money to people with very low credit score.
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Where there's a will, there's a way !!
 
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