Credit Scores: Your personal credit scores are based on personal credit risk formulated by a statistical model and Not a Fico Model. Your Credit Scores are normally used objectively to evaluate information that pertains tomaking a credit decision. The online Credit Scores that you would get from either Experian – Equifax – Trans Union or any of their spin off companies would refer to as a: Credit Score or Plus Score used for informational purposes only and not used by lenders. We also call those online scores FACO SCORES
Most consumers want to know what their credit scores are because they think that the online credit scores are what the home loan companies, car dealerships, apartment rentals and credit card companies are using for them to qualify. However, it is the Fico Credit Scores that will determine whether you qualify for a home, car, apartment, credit card etc… there is no business inquiry for running your fico or faco credit scores online.
In order to see your Fico Credit Scores, you must either apply for a home loan, car loan, credit card or department store credit card, property Management Company for any apartment rental or lease, Student Loan Company or any personal loans through a bank or lending institution. This will result in a business inquiry that may adversely affect your Fico Credit Scores.
If you want to get your Fico Credit Scores without affecting your Fico Credit Scores, you can go directly to www.myfico.com