Can you ask lenders which Fico they use?



Can you ask lenders which Fico they use?

you will have to ask that question to each lender you are interested in. And then, as mentioned above, they might not use the FICO score, but their own version. Each lender is different and you will have to ask them. The answer is above, you just need to learn how to interprete it. 3/6/2011 FICO: EQ 710… EX 718… TU 710 09-11-2018 03:30 PM

What does your FICO credit score really mean?

FICO® scores are the credit scores most lenders use to determine your credit risk and the interest rate you will be charged. You have three FICO® scores, one for each of the three credit bureaus – Experian, TransUnion and Equifax. Each score is based on information the credit bureau keeps on file about you.

What is a good FICO score?

Those scores are broken down into five categories, though the breakdowns differ slightly. For FICO, a good credit score is 670 or higher; a score above 800 is considered exceptional. For VantageScore 3.0, a good score is 661 or higher, and a score of 781 to 850 is excellent.

What is the difference between Fico and credit score?

Key TakeawaysA credit score is a three-digit number that measures your financial health and how well you manage credit and debt.FICO scores are a specific type of score that lenders can use when making borrowing decisions.The FICO credit scoring system is arguably the most widely used and is calculated using the information included in your credit report.More items…