One more question: FICO

A credit score is a number between 300 and 850 based on which the credit potential of a consumer is determined. A person paying his debts in time will have higher credit scores from someone whose accounts are in default.

FICO is the acronym for the Fair Isaac Corporation, the private corporation creating the most-known and -widely used credit score model in the United States. This scoring model is used in consumer banking and in the credit bureaus. Based on these scores, they may grant or deny new credit to a consumer, charge higher interest rates, or require extensive income and asset verification if the applicant's FICO credit score is low.

I see ... I think ...

Are the two scores (i.e., the FICO score and the TransUnion/Equifax/Experion credit scores) related, or not? Should I be monitoring my FICO score, or is there no need to do so, as long as I keep an eye on my other reports?

Most creditors will look into your credit scores and see your credit worthiness. Go through your credit report and see the actual standing of each account. Find out all the negative items reported by the data furnishers and work out arrangements with them. Once you have paid the accounts, they will report to the bureaus and your scores will improve. Go through the following tips on how to keep your scores up.

http://www.debtconsolidationcare.com/credit-repair/about23503.html

Fico scores are bought from myfico.com and are the most accurate as what a lender sees.All others are fake and are used mainly for tracking your progress.

Thanks, Cajunbulldog. That's a help; I'll definitely make sure to check that out. Any particularly cheap/reliable way to do so?

Also, do you have any insight into my situation with Equifax? [See other thread: "Credit Scores: Why discrepancies? And are mine any good?"]

Thanks!

Fico scores are pricey and should be checked about once a month while in repair stage and also before a major purchase. They average about $15-18 per bureau. You should pull your report directly from Equifax to check out if there are any errors.I know true credit has had format errors in the past.I use Credit Secure for my monitoring but it requires a American Express account to use it.

Just pulled my Equifax report (which included my FICO score based on that report).

My FICO is 705. Is that okay or just average?

On my reports from True Credit, my Equifax score is listed as 637? Which is the right score: 705 or 637?

From what I can tell, the information on the Equifax report seems to be accurate. I got behind on my payments a couple of years ago, but I'm on top of things now.

Some of my personal information is incorrect (current employer, age, etc.). Is it necessary to correct this? If so, how do I go about doing that?

Thanks for all of your help!!!!!!

The score from equifax is the only bureau that has correct fico scoring except myfico.com.The 705 should be your true score and is pretty good. Personal information can be corrected with a dispute letter and identity documents.

Thanks a ton! I'm not too worried about inaccuracies in my personal data, so I'll probably leave that for now.

Good to know that my FICO is on the up. It must've been in the crapper until recently ...

Now the only question is whether I'll be able to buy a house in the increasingly tight housing market ...

Hi

Your FICO score is pretty good, but what really surprises me is that you are not worried about the false information included in your credit report. You know inaccuracies in your credit report can affect your score? Your credit report includes information that decides whether you can get a loan or not, what rate you will be paying on that loan and even your ability to get a job. So, its very important for you to see whether the information is complete, accurate and updated. In my opinion you should immediately dispute it with the credit agency as well as the information provider. Who knows might be someone else is using your personal information to open a new credit card account in your name. So, take this matter seriously.

Good wishes
Nelly

Just to clarify,personal info has no bearing at all on Fico scoring.I would definitely remove/update personal info to reduce the chance of Id theft.