Blog Category: FICO

credit report

My Credit Score Is 760. No It Isn’t.

If you’ve looked up your credit score on your own before then you know your score, right? Well, you may not know your accurate score. You may only know one score instead of all three. Mortgage lenders use all three scores, one from each of the large national credit bureaus. These are Equifax, TransUnion and Experian. So if you see a 741 score on a consumer credit report you pull, a mortgage lender may see a 698, a 723, and a 741. And the mortgage lenders use the middle credit score, or the 723. That may cause a change in the terms that are being quoted to you. Read More