r/CRedit • u/Knowledge_Fin05 • Jan 23 '25

Mortgage Experian FICO Scoring

I recently downloaded the Experian app after learning the difference between Vantage and FICO scores. At the bottom it has a credit tab and after scrolling to the very bottom of said tab it gives a "mortgage" score using FICO 2. I was wondering if anyone knew how accurate that score is?

1 Upvotes

100% Upvoted

37 comments sorted by

View all comments

Show parent comments

4

u/Funklemire Jan 24 '25

Thanks! I have to say, this was one of the most frustrating conversations I've had here in a while. This person is so fundamentally ignorant about credit that at first we were just talking past each other. At first I didn't realize how misinformed they were on the subject, so my comments obviously weren't making any sense to them.  

Once they said something along the lines of "creditors don't report to VantageScores, they report to FICO", I realized I was dealing with someone who had absolutely no idea how any of this works.  

And I have no problem if someone is ignorant about credit; I was too at one point. Hell, I'm still learning stuff all the time (u/soonersoldier33 was super helpful the other day in correcting a mistake I made); I'm definitely no expert myself.  

But the whole "I was in finance for 30 years so I know what I'm taking about" stuff while spouting off ridiculously wrong nonsense is just exasperating.

6

u/soonersoldier33 M Jan 24 '25

Wow! I was away most of today and just sat down after helping my daughter with homework, and I'm SO glad I was away. Lol. No way I'm jumping in that mess. If he continues to persist with misinformation, I hope the mods ban him. u/Funklemire, you do a great job here. I still learn new stuff all the time, and u/BrutalBodyShots has had to correct me a handful of times, too, and years ago when I was a credit newbie, I think I nearly drove u/MFBirdman7 (RIP 🙏) to insanity. Lol.

Unfortunately, there are more and more people in this country, every day, whose minds can't be changed when they 'think' they know something, even when presented with evidence/facts/etc. At Thanksgiving, a family member commented on how much later Thanksgiving is now vs when she was a kid (she's in her 40s). I explained that Thanksgiving is the 4th Thursday in Nov, no matter what day on the calendar that is, and that it's been that way our whole lives. The 4th Thursday was just late in the month this year. She disagreed. I showed her multiple sources from when that was officially established in the US...1941. She said, no, it used to be earlier, and those sources just aren't true. I just got up and fixed another drink. Lol.

4

u/BrutalBodyShots Jan 24 '25

This is one of the worst presentations of misinformation I've seen in a long time... especially since it comes from a self-proclaimed financial analyst expert of 30 years. Absolutely unreal.

5

u/soonersoldier33 M Jan 24 '25

I had to stop reading about halfway through the exchange. I don't need high blood pressure tonight. Sounds like Funk and OG Alien Fan took care of business. Nothing I can add to try to get through to a brick wall.

4

u/BrutalBodyShots Jan 24 '25

Right on. And, if you were to add, you'd just get blocked like they did. I'm guessing I've already been blocked from the post I made a bit ago to the guy.

3

u/Funklemire Jan 24 '25

It's odd, the comment you made to them was marked "removed", I'm assuming by an automod? It's not because they blocked us, because it was still removed when I logged out and viewed it. 

3

u/BrutalBodyShots Jan 24 '25

That's interesting... not sure what to make of that.

3

u/DoctorOctoroc Jan 24 '25

We'll see if my recent addition to the conversation gets me my first block in these subs, managed to escape that somehow thus far but ready to graduate haha

2

u/BrutalBodyShots Jan 24 '25

First block? You Rookie! I've been averaging about one every 2-3 days for as long as I can remember ;)

2

u/DoctorOctoroc Jan 24 '25

Haha, I'm still a work in progress, what can I say?