What is the difference between FICO a...

What is the difference between FICO and Risk Score?

Posted in the Lyndhurst Forum

lesterjlyqn

Newport Beach, CA

#1 Dec 4, 2013
What is the difference between FICO and Risk Score?I have two credit card accounts that provides free scores each month.... one uses FICO and other uses something called "Transunion Risk Score" which is 40 pts LOWER than my FICO. The FICO is also provided by Transunion.

So which is more accurate and likely to be seen by the lenders?

It also lists this as one of the reasons why my score is lower:

Too few recently opened bank installment accounts (Reason 41)

Is this referring to car loans?
dansvillena

Newport Beach, CA

#2 Dec 4, 2013
lesterjlyqn wrote:
What is the difference between FICO and Risk Score?I have two credit card accounts that provides free scores each month.... one uses FICO and other uses something called "Transunion Risk Score" which is 40 pts LOWER than my FICO. The FICO is also provided by Transunion.

So which is more accurate and likely to be seen by the lenders?

It also lists this as one of the reasons why my score is lower:

Too few recently opened bank installment accounts (Reason 41)

Is this referring to car loans?.
This site can help you finding the best option for you:@www.credit-solutions.info

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