My New Blog How Many Credit Scores are there??? April 14th, 2011 10:51 AM Credit scores are a product of the information reporting to the credit agencies, put through a credit scoring algorithm. There are many algorithm's and many industries that use them i.e. auto, internet, insurance, credit card, banking, mortgage etc. If you change the industry or the algorithm then you get a different score. So the answer is; you have 100's of different credit scores.   Online scoring often causes the most confusion in our industry because it generates a different score than a mortgage professional will pull. I'm sure you've noticed they typically aren't comparable to a mortgage FICO score; there are websites that will generate 200 extra points compared to a mortgage FICO score!   There is not an online site that provides a tri-merge FICO scoring model!   Clients often ask "where can I get my scores?" A lengthy explanation follows detailing the different scoring models. To get a FICO score an inquiry must be created; and the FICO scoring model is the only mathematical equation that lenders currently accept to qualify for a mortgage. Posted by Christopher Britton on April 14th, 2011 10:51 AMPost a Comment (0) Subscribe to this blog * Name: * Email Address: URL: Comment: Type the characters you see in this picture, click "Submit" when finished.   This helps us prevent automated programs from posting comments and sending spam. * Name: * Email Address: Address: City: State: Zip:   This helps us prevent automated programs from creating bogus contacts and adding them to your contacts database.

Recent Posts: Predictions For 2012 The Economy Stokes Further Optimism 'Tis The Season To Be Spending The Numbers Game Resistance is Futile Not That Bad What a Great Opportunity Will The Jobs Program Work? Here Comes The Jobs Data Anyone Know How To Control a Yoyo? Archive: May 2009 FHA Advantages Posted by Christopher Britton on May 22nd, 2009 9:27 AM The First Time Homebuyer Tax Credit Posted by Christopher Britton on May 11th, 2009 1:14 PM August 2011 The Questions Were Supposed to be Answered Posted by Christopher Britton on August 9th, 2011 11:37 AM July 2011 A Good Time To End The Stimulus Posted by Christopher Britton on July 6th, 2011 11:40 AM June 2011 What Will It Take? Posted by Christopher Britton on June 21st, 2011 12:26 PM Soft Patch Posted by Christopher Britton on June 9th, 2011 9:55 AM Good As Gold Posted by Christopher Britton on June 1st, 2011 9:23 AM May 2011 Rx For A Slow Economy Posted by Christopher Britton on May 5th, 2011 2:19 PM April 2011 The Fed's Dilemma... Posted by Christopher Britton on April 26th, 2011 11:39 AM How Many Credit Scores are there??? Posted by Christopher Britton on April 14th, 2011 10:51 AM This Could Be Your Last Chance Posted by Christopher Britton on April 6th, 2011 10:03 AM March 2011 The Plot Thickens Posted by Christopher Britton on March 23rd, 2011 10:06 AM Jobs, Oil, Real Estate, Oh My Posted by Christopher Britton on March 9th, 2011 10:44 AM It All Heats Up Posted by Christopher Britton on March 3rd, 2011 8:25 AM January 2011 Real Estate Demographics 2011 Posted by Christopher Britton on January 26th, 2011 12:41 PM August 2011 (1) July 2011 (1) June 2011 (3) May 2011 (1) April 2011 (3) March 2011 (3) January 2011 (1) May 2009 (2) My Favorite Blogs: Sites That Link to This Blog:

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