Credit Score on Credit Bureau Report VS FICO Score, Is it the same thing?

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    • #206739
      Anonymous
      Inactive

      I pulled up all 3 credit Bureau reports online…got 3 seperate scores…Is each individual score the same FICO score that lenders go by when considering you for a credit card?



    • #264241
      Anonymous
      Inactive

      There are three credit bureaus…each is a separate, independent company and they use slightly different scoring models…They each have their own FICO score model. Because of this you will see different scores…

    • #434889
      Anonymous
      Inactive

      so far they have done nothing

    • #434890
      Anonymous
      Inactive

      Freddie Mac is part of the loan modification program that President Obama recently introduced (along with Freddie’s larger counterpart Fannie Mae). Keep checking with your bank or mortgage company for information on when they can begin helping you, but it should be soon. There are two parts to the plan introduced:

      1) Loan modification – you loan will be modified so you can afford the payments and your payment is a maximum percentage of your income. you’ll need to prove a bunch if information, such as income, assets, hardship, etc.

      2) Refinance Plus – You’ll be allowed to refinance up to 105% of your home’s value (or equity).

      Both are availalbe as soon as your bank allows, so get in touch with a mortgage company to find out more. I’ve also included a link below to the governments main site about the program.

      Hope this info help!

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