Experian PLUS Score does not complete FICO
Q: I got my Experian PLUS Score and it is 795. I understand that Experian is no longer offers its score through FICO, but was told that PLUS Score is the one the lenders look at when they pull Experian credit file.
A: Far from it. Experian PLUS Score is just another flavour of FAKO scores. This credit score was developed by Experian Decision Analytics, subsidiary of Experian. The PLUS Score has scale from 330 to 830 and while it is calculated using the actual data from your credit file, it has different algorithm from that of FICO. The lending decisions are based on Experian FAIR ISAAC VERSION 2, not PLUS. Your credit scores between the two will be different.
Sat Apr 2, 2011 03:04PM | Copyright: www.bad-credit-advisor.com | More in Credit Score Help | Comments (0)
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