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

Joined: 03 Nov 2007 Posts: 3927 10 Magic Points

How many different types of credit scores are there? Does anyone know, if FICO is just one.

Joined: 26 Feb 2008 Posts: 4285 127 Magic Points

Not sure there. Good question.

Joined: 03 Nov 2007 Posts: 3927 10 Magic Points

initially I thought there was only one, "The credit score", LOL, guess you learn something new everyday.

Joined: 26 Feb 2008 Posts: 4285 127 Magic Points

Thts is true. sometimes I feel like a real dummy.

Joined: 03 Nov 2007 Posts: 3927 10 Magic Points

Well, I never heard of anything but the "credit score", until I came here then I see FICO.

Joined: 26 Feb 2008 Posts: 4285 127 Magic Points

Coming here I have found out there is alot I really don't know and should.

Joined: 03 Nov 2007 Posts: 3927 10 Magic Points

I know every now and then something pops up that I did not know.

Joined: 26 Feb 2008 Posts: 4285 127 Magic Points

I was just laughing about that myself. Recently some abbreviations came up that have left me stumped. Still waiting on answers to those.

Joined: 03 Nov 2007 Posts: 3927 10 Magic Points

I know, I don't know a few of the abbreviations either, I try to put the meaning in parenthesis if I am going to use them.

Joined: 26 Feb 2008 Posts: 4285 127 Magic Points

Thats a good idea. I just found something interesting online. did you know that PA is the only state that doesn't publish its debt collection code online. It says you got to go to a library to look it up or call the atty (attorney) gen. (general) office to find out.

Joined: 06 Jul 2006 Posts: 686 17396 Magic Points

As far as I know, there are two types of credit score - one is the FICO score and the other is the Vantage score. Vantage score is a new credit scoring model created by the three credit bureaus. In vantage score, the credit score ranges from 501 to 990 with higher score denoting low risk profile customers.

Joined: 26 Feb 2008 Posts: 4285 127 Magic Points

Sounds alot like the one they usually use. What number would you say is a good score? I know in the 900 would be great but my hubbys is in the 700 mark and I think thet sounds good.

Joined: 31 Dec 2007 Posts: 573 -53 Magic Points

sounds good to me, I am not sure that I have ever heard of anyone having 900.

Joined: 26 Feb 2008 Posts: 4285 127 Magic Points

Not here either. Must be a monarch or maybe Bush.

Joined: 03 Nov 2007 Posts: 3927 10 Magic Points

now, get off the Bush kick, someone else will take over here shortly and I think that us working folks will be paying out even more to keep those who choose to sit on their rear ends and have us supporting them.

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