Is myFICO worth it? I bought MY credit scores to see!
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- Опубликовано: 23 авг 2024
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ADVERTISER DISCLOSURE: Unless otherwise noted, this channel receives compensation from our partner sites when you click through and are approved for a credit card through the links you see above. Compensation may impact how and where we place these links. While we try to include information on a wide variety of financial companies and products in our videos, we definitely can't guarantee that we've included every company or every available offer.
NOTE: Credit card information in this video is not guaranteed; we have attempted to confirm all information to the best of our ability but we could simply be wrong or the information could be outdated by the time you watch this video. We are doing our best here, but check our work!
I just signed up with myFICO about a month ago and I love the break down of all the different scores that lenders will use.
Buying my scores from myFICO was the only way I could see and understand what home loan officers and auto loan officers were saying my score was...even though those same lenders will ask you "what's credit karma say" knowing good and well that's not what they're pulling...
Yea I just tried it... Had Credit Karma for like forever.. But 3 sets of totally different scores lol... So I rely on My FICO info instead
I have been a member of myfico for a year, it is absolutely worth it. They give you a ton of information and help you to show what lenders are really looking for. My mother has a 715 vantage score and a 600 fico 8 TU. Vantage gives a ball park but no real lenders use it, if you want to stop being broke and having no borrowing power sign up, fix your issues and get to those bonus's!! I should also add I am a credit freak and yes this isn't for everyone and if you rarely use credit I wouldn't waste the $. I just really like their credit monitoring and other features. I don't know if I will keep this forever but for the next year or so I will.
Dude your credit rating is so high its vulgar, put your credit rating away sir its throbbing, lol!
I pay about $50 monthly for My Fico . It’s important for me to keep up with my credit. Things change constantly. Credit Karma , credit Sesame, Nerd Wallet , Wallet Hub etc are okay but I need my real score monthly to keep up with my progress.
What do u get for $50 bucks a month❓
@quickdubbs328 not much lol...Unless you have a low score where every point counts then it's generally not worth it.
Major banks will look at your income more then your credit score. You could have perfect credit but if your income is to low compared to your household debt such as rent etc you will be declined. I personally have a 806 with Equifax and 799 with transunion and the major banks will not approve me based on the fact my rent is 1500 my auto loan is 343 and I only make $33,050 a year. Debt to income ratio is the main factor to being approved from a major bank, your instant approval credit card companies are way easier to get then a major bank. If you have same issue as me your best to only apply to private credit cards such as capitol one etc
Didn’t realize it was this nuanced. Thanks for making this video!
FICO scores are a good purchase if you're looking to get a loan in the near term and you want to get an idea where you stand in terms of interest rate potential. On the other hand, having to pay $39.95 a month is just too much for a score that doesn't move at times for months. Most credit card companies will give you free access to your base FICO score which is enough.
I would only get myico when you are about to apply for a mortgage or a big loan it's best to know your real score before applying
The way I look at it, if you can personally afford the myFICO subscription, then do it. I pay $44/month for mine and I love because I get to see my true score unlike CreditKarma. When I file disputes CreditKarma will show that it has been removed, but it would still show on myFICO. Then myFICO alerts me ASAP stating that a negative account has been removed. Which is good because if I’m applying for a credit card or a car loan, I want to make sure I look clean as possible on paper. Overall, this is a great video! 🙌🏾
Would you recommend credit karma
@@Dman4901 Definitely not because lenders don’t even use Vantage 3.0 scoring model
@@WhoIsNC so you would definitely recommend my fico
@@Dman4901 I definitely do. Just know it does cost $43.50/month, but it’s worth it because you know the exact score lenders are using; so there are no surprises
@@WhoIsNC any tips for a guy like me who is trying to rebuild....
Very informative....
I too have it and when I refinanced my vehicle I researched which lenders pulled which versions and matched them to my highest score....worked perfect
My fico 9 scores were alot higher than my 8 scores
I now sit with 4% auto loan where I was 17% at start then down to 8% and now at 4%......if I didn't know this I probably would be @ 12%.....its a big deal!
Well not if your 800, lol
But if your in 600s it does
Yes it's worth it because my FICO score is 37 points lower than Credit Karma. This entire time I thought my credit score was good because of CK just to find out that my credit scores are in the fair range🤔!
I JUST REALIZED THAT ALSO 😂😂😂
Definitely went with My FICO
Crazy my Fico scores are actually like 75 points higher than CK
My FICO 8 scoops over 100 points lower than my Credit Karma, Credit Wise, and SoFi credit ratings.
Really? My credit karma score shows 50 points lower than myFico
I just got myFICO and I’m not impressed. Experian does the same and updates more frequently for half the price showing your actual Fico score at the time. MyFICO only gives you an update 1x a month. I’m canceling after this first month.
I noticed from Credit Karma that my TransUnion and Equifax scores are higher typically. Of course I know that is vantage and not FICO... I have a free account with Experian, and they always show lower and the most inquiries typically go to them. I noticed that American Express only uses Experian to do inquiries interestingly...
I've been paying for highest tier plan since 2016 and wouldn't give up myfico for anything. It's the most accurate credit monitoring service. Most scores match up 99.9% of the time with lender's credit pull.
My credit score dropped when - I got behind on paying the MyFico monthly Membership Fee 💲💰
Wait what ?
The irony
Folks my FICO is worth it if you are serious about your credit. For months I didn't realize that I had charge off with a balance that was hurting my credit utilization until I got Myfico. Now my credit scores growing faster
Why wouldn't you just subscribe for one month and then cancel? Wouldn't that save you $$?
I love this channel!
I'm not paying $40/month. Whatever I see on Credit Karma I'll just deduct 20 - 30 points.
Lol
Not a bad strategy 😀
😂😂😂😂👌🏾
Thats not correct , my ck and fico is 110 diff
Thanks for sharing! This is absolutely great information to leverage.
You can always go on Experian and pay the $1 for the 7 day trial as many times as you want and see all your FICO scores.
NAL how do you get the $1 free 7 day trial is that on the app
Joel Soto just log in to the Experian website online and sign in. And then it always prompts to pay $1 for the 7 day trial and then just cancel it immediately after you pay. The trial will continue and the just repeat the process every time you wanna check
FICO® Score 8 is the FICO® Score version most widely used by lenders.This what Myfico uses !!! Credit Karma doesn’t offer FICO® credit scores, which are calculated differently from VantageScore credit scores. While the three major credit bureaus collaborated to create the VantageScore model, FICO is a separate organization with its own scoring models...So not the same mine is showing a 46 point on just one wayyyyyy off.
I am in my 1rst month with myfico. So far the difference between myfico, and experian. Also gives all 3 credit reports! Myfico, gives a higher rating. At $199 a year for the experian app isn't bad. Versus $479.40 a year is a bit much! I'll probably keep myfico, for 6 months two get a feel of its capabilities.
Great scores!
Maybe one day for me. Getting close day by day.
Experian's premium service is less expensive than the myFico subscription, gives daily Experian Fico scores and credit reports, and monthly Fico+report on the other 2.
It shows you some of the other FICO scores for Experian, but not for the other two.
I've been using the Experian service for years, but may have to check out myFico at least once.
Kinda BS that this stuff is stashed behind pay walls if you want detailed reports more than once a year...
Screw that, I'll stick with all the free ones from my cc's & Experian. I don't need exact scores, just a general estimate or trend is fine to make sure my credit remains in good standing.
Credit karma is no where near your accurate score Its just confusion
Zion lords Experian offers accurate Credit scores for a cheaper price.
@@SanjiFansCopeHarder exactly
@@zlord1199 He didn't say anything about Credit Karma. He was specific about where he gets his scores.
gz on your credit scores, nice
Great video! Thank you for the information. 👍🏻
Great video. Informative and helpful. Thank you.
totally worth it for me - information is priceless
Thank you :)
Thank you great video
So my question is why does my Experian website show my credit score as 685 but two different banks said they pulled Experian, yet one had 645 and the other had 663/ I am so confused. I asked the loan officer they were like.. shrug? I checked the website literally right after they pulled it..
Fico 8 and there are other 2 o 3 ficos
Really great scores. What was your average age of accounts or age of your oldest account when you took this? Also with that high of a score can I assume you didn't have any late payments or bankruptcies?
With the simulator the in part is dependent on the models not changing.
this is true.
Great info, but, do they update the info once a month? Or regularly
Good information
Can you create a video on what cards to get to stay under 5/24?
Adam I believe Credit Check Total from Experian for only $1 gives you the 3 bureaus reports & 3 Fico Scores plus in depth detail and Experian Boost. Best Value
Yeah, but at the top of the website it says, that once you order your $1 credit report, you will begin your 7 day trial membership, and if you don’t cancel after the seven days, then they charge you $29.99 each month to continue your membership.
@Maxine F Yes I know that but scores change on a monthly basis unless a creditor reports high usage, derogatory or new accounts. In the meantime you’re paying for 29 days of nothing... just the initial day
Ruben Chavez Actually that’s not correct. The initial trial gives you access to DAILY score changes for Experian only, and monthly for Equifax and Transunion. When I tried it last month, I received all 3 Fico 8 scores from the three bureaus, and Experian went further by including all their multiple versions of Fico (that updated daily) for the remainder of the month. And all this was after I had canceled my 7-day trial that same day I had signed up for it! Amazing deal!
Nice IPod!!! video too :)
Brilliant!
IMO I think credit cards do a great job on keeping you updated with scores! I know I’m in 800 plus without buying any credit score tools!
Definitely NOT worth 40.00 that I spent !!! The free sites offer most of what my Fico did !! Very disappointed for 40 I didn’t get update until the next month ( more money). No details or address or phones numbers for questions on credit. Literally nothing more than the free sites !! 40.00 I could’ve spent on lowering my credit utilization!!!!
Is there a way to know who reports where and what bureau is used by whom? What I mean is, if I want to apply for a Capital One card, which bureau will see the inquiry? If I want to apply for a Chase Sapphire. . . . and so on. Is there a way to know this to create a strategy for which card I apply for and when (per se)?
fecklefriend capital one reports hard inquiry to all 3. Don’t know which for chase. There are RUclips videos that tell you
That's weird . I have an s corp but my personal credit score is cero.
Does it still work when your 3 credit bureau accounts are frozen? Or do we need to unfreeze them
I'm looking to finance a motorcycle will fico app show me what I need to know before I go finance the bike?
I have the subscription currently to see the progress as I'm rebuilding and repairing my credit because the secure card and catalog card didnt offer free FICO scores. However, I just got a approved for a new card that offers free fico experian which mine runs a few points higher on that bureau then the other two but it would be close enough to get a good idea of my current score so I now may cancel and just pay for all scores in a few months down the line verses every month . Also, one question .... I know my bankcard score is 610 which isnt good yet ..I started 9 weeks ago in the 544 range so I'm working on my credit, however the new card I got approved for said my experian score was 638 and no where anywhere viewing my FICO score subscription is it that high . Any idea as to to the credit card I got approved for pulled that number? I viewed my FICO scores the same day and the highest is 610 on the bankcard score 8..thanks
What was the credit card that only used trans union. I was waiting for the breaker down
For me it was Apple Card.
Barclay
Thanks for sharing. You have bragging rights you know 🙃😀🙄
I laugh every time I see someone with 800 plus credit score. I think the only score anybody ever really needs is 680 to 720 when I see a debt ratio of under 5%, to me it's useless. knowing the people with 800 plus credit scores never really going to go over that in the first place. It's a game to those people "literally"
they get 2% interest, you dont
How can I go about paying for a one time fico score?
So you have to subscribe to myfico and then pay again to see your score?
Why do I feel like I'm listening to a sports commentator? I just need the facts.
Discover scoreboard is free from discovery fico
Does it refresh your Fico everyday? Or I have to wait another week or month to see changes to my credit 🤔
Not once a month the only company that refresh everyday is Experian but is only for for they
Im with navy federal and get myfico score for free
I believe that may be only if you have a credit card with them not just a loan.
How is this in comparison to credit karma score?
Dr.Tech / Credit Karma, Privacy Guard, and Wallet Hub, all use the VANTAGE 3-Score Model. Set in motion in 2005-2006, by an agreement of the three top tier Credit Bureau’s: Experian, TransUnion, and Equifax. / However, it’s the FICO 8 model, since 1986 that is most prevalently used by 98% of the Bankers, Lenders, and Credit Issuers in the US. / Credit Karma and such sites, even Experian-do cross Marketing to entice their consumers, to apply with their affiliate Credit issuers. Be very alert, and weary-as those are very incestuous relationships, especially Credit Karma and all it’s advertising companies on their website. Same for Exp and Wallet Hub-this is how their Portal Access is kept, “FREE.”
Not worth it. CreditKarma is free and they use two of the three credit bureaus Transunion and Equifax. The third agency Experian will not be very different. No one needs an exact number. A ballpark number is good enough.
I recommend a very good specialist Michael Gibbs [Gibbs@creditpatchup.com] who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 9 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [Gibbs@creditpatchup.com] Cheers.
Hey I don’t use myfico I use Experian will it still show me accurate scores ?
Yup pay for trans and eq tho
My fico score shows up dated scores faster than Experian.
I don't know what my credit score is and I couldn't give a crap
Banks love you
@@reggie8370 Dunno. I rarely go to the bank. I don't even use my ATM card. My wife gives me a weekly allowance
Woo-hoo!
How close were your scores to Credit Karma scores?
CK is trash.
not sure, i am not a Credit Karma user. CK is VantageScore, though. and not FICO, so i assume there would be a few noticeable differences.
Mine are very close. CK 830 and myfico 825
Mine are way off CK was much lower for me.
Which credit card co only uses TransUnion ?
Apple Card
Barclaycard
ProudMoney - Credit Cards & Personal Finance GOT IT ! Thank you
Steven Miller Only that one my other 2 suck right now
GODIS1ST CJ only TransUnion ? I have an auto loan from them .. all three they checked but cards are different my other 2 are slow to clear hopefully soon it will be all 3 over 750
I would of bought a new sweater instead
Yeah they are worth millions but not to you, to them how much did you pay to get your own credit score? Now multiply that by the number of people who have to pay to see their own credit score of FICO or whatever the hell they are called now a days!
I recommend a very good specialist Michael Gibbs [Gibbs@creditpatchup.com] who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 9 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [Gibbs@creditpatchup.com] Cheers.
How stupid can you be you don’t need to pay for it I have a few credit cards I look at my FICA scores free lol
I recommend a very good specialist Michael Gibbs [Gibbs@creditpatchup.com] who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 9 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [Gibbs@creditpatchup.com] Cheers.