Is the credit score you get from Experian a FICO score?
by Author on Friday, July 30th, 2010 | 3 Comments
If not, how would an 800 Experian score translate to FICO?
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No Experian uses the Vantage plus system, Transunion uses both Vantage and FICO depending on which type is requested and Equifax uses FICO.
This should explain the differences it to you.
FICO scores from 300 to 850 and Vantage scores from 501 to 990.
Here is the breakdown for both systems.
Vantage Plus system scores from 501-990.
A-901-990
B-801-900
C-701-800
D-601-700
F-501-600
FICO system scores from 300-850.
Elite-740-& up
Prime-700-739
Preferred-660-699
Standard-625-659
Sub-prime-624-& under
FICO is the only one that matters since it’s the one that all major lenders look at.
So as you can see it depends on if your looking at a true FICO score or a Vantage plus score.
With a Vantage score of 800 that makes you a C which is not that good, now if it were a true FICO score on the other hand you would be a Elite which would get you the best rates for anything you applied for.
Yes. FICO is Fair Isaac Corporation’s scoring format. Right now all three major bureau’s use FICO score (Equifax, Experian, Transunion). They are working on their own system but it’s not widely accepted yet.
Short answer – yes.
Experian and Equifax use a FICO based score.
Trans Union uses Vantage score, I think.
I check my credit for free every year in August, and I have quite good credit I just had a mortgage aproved for an apartment! So if that’s the case, then 800 is great in FICO if that’s your score.