Home  Finance Articles  Discussion  Our Blog / Member Blogs           
SavingAdvice.com Logo Get Instant Credit Card Approval
Teaching you to Save Money

Go Back   Personal Finance Forums > Financial Chit Chat > Personal Finance

Personal Finance Credit cards, home loans, retirement plans and taxes. The place for all your personal finance questions.

Reply
 
LinkBack Thread Tools
  #1 (permalink)  
Old 02-15-2007, 09:11 AM
vsjhoc vsjhoc is offline
$ Saving College Sophomore
 
Join Date: Feb 2006
Location: Capital of the Free World
Posts: 819

Points: 9177.70
Donate
Default FICO Score Discount

Time to check your 3 FICO scores?

According to an email I received from http://www.myfico.com , if you buy your 3 scores before Feb. 22, 2007 and use the promo code FEBDELUXE you get 20% off, so it costs $38.28 instead of $47.85.

The fine print: You have to sign up for the annual subscription, and it reverts to the full product price on renewal. You may want to sign up, get your scores at the discount, and then cancel. Otherwise, in a year's time you may forget that you signed up, and then you'll be charged the full price.

It's odd that the website shows the annual fee as $42.84 and the one-time fee as $47.85 ... I don't know what happens if you use the code for either purchase but it's worth a try.
__________________
No deposit, no return!
Reply With Quote
  #2 (permalink)  
Old 02-15-2007, 10:35 AM
kv968 kv968 is offline
$ Saving College Freshman
 
Join Date: Nov 2006
Location: New Jersey
Posts: 702

Points: 9967.40
Donate
Default Re: FICO Score Discount

You can use this site to get your credit report free from the three agencies:

https://www.annualcreditreport.com/cra/index.jsp

It will provide you with a credit report from each agency however if you want an actual FICO score, you have to pay a little extra. I've used it for two of them and it's something like $5-$8/score per agency. However you can only get one free report from each agency per year so if you get all three at once you'll have to wait a year to be able to do it again. I just get one from one agency then 4 months later, get it from another and 4 months later from the last one. That way I'll get a free look at different times during the year.
__________________
The easiest thing of all is to deceive one's self; for what a man wishes, he generally believes to be true.
- Demosthenes
Reply With Quote
  #3 (permalink)  
Old 02-15-2007, 11:33 AM
vsjhoc vsjhoc is offline
$ Saving College Sophomore
 
Join Date: Feb 2006
Location: Capital of the Free World
Posts: 819

Points: 9177.70
Donate
Default Re: FICO Score Discount

Residents of Georgia, Maine, Maryland, Massachusetts, New Jersey, and Vermont can get an ADDITIONAL free annual report. Some other states offer a reduced rate. See the table at http://www.bankrate.com/brm/news/cc/20010223c.asp.

If you buy a credit score anywhere other than at Equifax or FICO or pay less than $15.95, you are almost certainly not buying a FICO score. TransUnion and Experian sell "FAKO" scores.
__________________
No deposit, no return!
Reply With Quote
  #4 (permalink)  
Old 02-15-2007, 01:44 PM
Joan.of.the.Arch Joan.of.the.Arch is offline
$ Saving College Junior
 
Join Date: Apr 2006
Posts: 1,275

Points: 12245.20
Donate
Default Re: FICO Score Discount

Didn't we hear last year that those three companies had compacted to soon all use the same scoring formulae? They could still come up with slightly different scores because they might not have all the same info on you, but they should be fairly close in score---once they are using the same formulae. I don't know when that goes into effect. I don't think I just dreamed this, did I?
Reply With Quote
  #5 (permalink)  
Old 02-15-2007, 01:58 PM
vsjhoc vsjhoc is offline
$ Saving College Sophomore
 
Join Date: Feb 2006
Location: Capital of the Free World
Posts: 819

Points: 9177.70
Donate
Default Re: FICO Score Discount

Joan - You weren't dreaming. It's called VantageScore. It will only affect consumers if and when the banks and mortgage companies decide to stop using FICO and drop or revise their internal scoring systems. That certainly hasn't happened yet. Here's a
post from the Credit Info Center with Fair Isaac's (seller of FICO scores) public reaction. Fair Isaac has the most to lose if the VantageScores are widely adopted. You would still have 3 different VantageScores because the information each credit bureau has can be very different.
__________________
No deposit, no return!
Reply With Quote
  #6 (permalink)  
Old 02-15-2007, 02:12 PM
kv968 kv968 is offline
$ Saving College Freshman
 
Join Date: Nov 2006
Location: New Jersey
Posts: 702

Points: 9967.40
Donate
Default Re: FICO Score Discount

Quote:
Originally Posted by vsjhoc
If you buy a credit score anywhere other than at Equifax or FICO or pay less than $15.95, you are almost certainly not buying a FICO score. TransUnion and Experian sell "FAKO" scores.
I got an Equifax credit report with FICO score and it cost me $7.95. Is that a "FAKO" score just because I didn't pay $15.95?
__________________
The easiest thing of all is to deceive one's self; for what a man wishes, he generally believes to be true.
- Demosthenes
Reply With Quote
  #7 (permalink)  
Old 02-15-2007, 02:29 PM
vsjhoc vsjhoc is offline
$ Saving College Sophomore
 
Join Date: Feb 2006
Location: Capital of the Free World
Posts: 819

Points: 9177.70
Donate
Default Re: FICO Score Discount

Quote:
Originally Posted by kv968
I got an Equifax credit report with FICO score and it cost me $7.95. Is that a "FAKO" score just because I didn't pay $15.95?
If you're sure it's FICO, then you got a good deal! Sometimes they offer reduced prices but not as a general rule.
__________________
No deposit, no return!
Reply With Quote
  #8 (permalink)  
Old 02-15-2007, 02:40 PM
MarianneJ's Avatar
MarianneJ MarianneJ is offline
$ Saving HS Freshman
 
Join Date: Jul 2006
Location: NJ
Posts: 106
Last Blog Entry: Bye-Bye EF...We'll miss you!
Points: 1439.10
Donate
Default Re: FICO Score Discount

Not sure if it still works, but you should be able to get 20% at MyFico anytime with the code MYFICO144. I have used this one for the past few years with no problem.

If that does not work try code CPPSAVINGS.
Reply With Quote
  #9 (permalink)  
Old 02-15-2007, 02:44 PM
vsjhoc vsjhoc is offline
$ Saving College Sophomore
 
Join Date: Feb 2006
Location: Capital of the Free World
Posts: 819

Points: 9177.70
Donate
Default Re: FICO Score Discount

Quote:
Originally Posted by MarianneJ
If that does not work try code CPPSAVINGS.
Thanks, I was told that this code is still valid.
__________________
No deposit, no return!
Reply With Quote
  #10 (permalink)  
Old 02-15-2007, 02:50 PM
kv968 kv968 is offline
$ Saving College Freshman
 
Join Date: Nov 2006
Location: New Jersey
Posts: 702

Points: 9967.40
Donate
Default Re: FICO Score Discount

Quote:
Originally Posted by vsjhoc
If you're sure it's FICO, then you got a good deal! Sometimes they offer reduced prices but not as a general rule.
I got it off the above site I mentioned and I take it it's a genuine FICO. It says it is and it's got the "registered trademark" next to it. However since you mentioned that scores by TransUnion and Experian are "FAKO" scores I went back and looked at the score I got from I used TransUnion from the same site. I noticed it said my "credit score is..." but it didn't say FICO (paid $5.95 for that one ). So I guess maybe it wasn't a true FICO score. Thanks for pointing that out. Although I wonder does it really matter? I did them about 4 months apart and they both showed just about the same score. Which they should have because nothing really changed within that time period.
__________________
The easiest thing of all is to deceive one's self; for what a man wishes, he generally believes to be true.
- Demosthenes
Reply With Quote
  #11 (permalink)  
Old 02-15-2007, 03:06 PM
vsjhoc vsjhoc is offline
$ Saving College Sophomore
 
Join Date: Feb 2006
Location: Capital of the Free World
Posts: 819

Points: 9177.70
Donate
Default Re: FICO Score Discount

If you want to compare apples to apples among the scores that lenders see, then get the FICOs. If your FAKOs are in the same range, I wouldn't worry about it. Your scores only really matter at the time you apply for credit, and in the meanwhile they will vary every month.

It just makes me so mad that TU and EX sell their own scores and unless you read the very fine print, you don't realize that you're not getting a FICO. From TU's site:

"The TransUnion TransRisk New Account Credit Score is provided to help you better understand how lenders view your credit report ... TrueCredit is not connected in any way with Fair, Isaac and Company; the credit score provided here is not a so-called FICO score. The credit scores of TransUnion may not be identical in every respect to any consumer credit scores produced by any other company."
__________________
No deposit, no return!
Reply With Quote
  #12 (permalink)  
Old 02-15-2007, 03:24 PM
kv968 kv968 is offline
$ Saving College Freshman
 
Join Date: Nov 2006
Location: New Jersey
Posts: 702

Points: 9967.40
Donate
Default Re: FICO Score Discount

So what determines which credit agency a lender uses if TransUnion and Experian aren't true FICO scores? Some places use one and not the other.
__________________
The easiest thing of all is to deceive one's self; for what a man wishes, he generally believes to be true.
- Demosthenes
Reply With Quote
  #13 (permalink)  
Old 02-15-2007, 03:38 PM
vsjhoc vsjhoc is offline
$ Saving College Sophomore
 
Join Date: Feb 2006
Location: Capital of the Free World
Posts: 819

Points: 9177.70
Donate
Default Re: FICO Score Discount

Quote:
Originally Posted by kv968
So what determines which credit agency a lender uses if TransUnion and Experian aren't true FICO scores? Some places use one and not the other.
You can get a bona fide FICO score from each of the 3 credit bureaus if you get them from the FICO site (or Equifax's). In addition to the real FICO scores, TransUnion and Experian have their own scores -- the FAKOs.

Lenders rely on the FICOs (well, actually it's a different version of the FICOs that you buy -- but let's not make this any more confusing).

As for which FICO score(s) an individual lender views ... well, that's up to the lender. This is why it pays to make sure all 3 reports are accurate, because you never know which one(s) a lender will choose.
__________________
No deposit, no return!
Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
need help re raising FICO score KellyJef Personal Finance 15 06-05-2008 08:51 PM
Help Low Fico Score!! tifnglen Personal Finance 17 02-12-2008 05:43 AM
What is your FICO score? PRICEPLUS Personal Finance 64 03-13-2006 07:50 AM
FICO score question mom-from-missouri Personal Finance 15 03-04-2006 08:58 PM
Fico Score Question debtfreeme Personal Finance 3 02-27-2006 07:30 AM


All times are GMT -7. The time now is 06:50 AM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.
More Links Home Loan | Debt Consolidation Loans | Refinance Home Mortgage | Finance Options

About Us | Advertising | Privacy Policy | Link To Us | Related Resources | Webmasters | Media | Site Map | Contact Us

Copyright ©2002-2008 SavingAdvice.com. All rights reserved.

Please read our Disclaimer

 

Featured Sponsors
IVA uk definitive guide
Bad Credit Loans
IVA Forum
IVA Book
So what is an IVA?
Private Student Loans
Online Shopping
Dell Coupons
Credit Cards
Payday Loans
moving
Student Loans
Financial News
Online IVA guide
Cash Loans
Credit Card Processing
Back to School
Payday Cash Advance Loans
Debt Consolidation Loan
Apply Now for Personal Loans IVA Advice


Partners
Budget Stretcher
DivaTribe
Thrifty Fun
Money Talk
Online Personal Budgeting
Budget Dial