Difference between a FICO Score and a Credit Score
January 19th, 2010 by daphne reyes
FICO software is used by the three credit reporting agencies (Equifax, Experian, and Trans Union) to produce a credit score. This does not make a FICO Score the same as the credit score. It is simply because a FICO Score is what FICO produces when they consolidate the information from all three credit reporting agencies. Each credit reporting agency has their own way of computing for their credit score. That is why each of them has their own different credit score, not even the same as your FICO Score. They may be using the same FICO software but they have different information on each credit report, all the more different from the consolidated FICO Score. As previously mentioned on my other article, each credit reporting agency may have different information depending on which financial institutions are and are not their clients.
You may get your FICO Score from MyFICO.com and you may contact Equifax, Experian and Trans Union to get their individual credit scores. We can’t tell which credit score creditors are most likely depending on but it’s always safer to monitor all on a regular basis to make sure that the information they have are accurate.
