Comments on: TrueCredit – Free TransUnion Credit Monitoring

By: The Man

The Man — Wed, 03 Nov 2010 23:41:16 +0000

You have been completely snow-jobbed. The score you see above is NOT, I repeat, NOT a FICO score! Fair Issacs Corporation, the holder of the FICO trademark formula for computing the scores, charges a royalty fee to the three consumer credit agencies (CCAs) for using it per use. If these credit agencies do use it, their agreement with Fair Issacs says they must not only pay a royalty, but also state to the consumer that it is a FICO score, complete with the FICO name and (TM) logo mark next to the number, and accompanying legal mumbo-jumbo at the bottom of the (web)page. Trucredit (TransUnion), Experian, and Equifax have not given a FICO score in any of their one-off consumer credit products for almost 8 years now. You can get it in a monitoring product, but for one-shot reports FICO is reserved for the lending industry customers and the smart consumers who know better. For consumers they instead use a model they developed between themselves – the ‘VantgeScore’, which should be called the ‘GarbageScore’ – which allows them to not pay royalties to Fair Issacs. No-one but the 3 CCAs use it. (Almost) EVERY lender in the industry uses FICO, because it is standardized, well known, and the underlying computations are well understood by lenders. If you as a consumer want a FICO score, you have to go to TransUnion CS (Consumer Services) for TransUnion’s, get both TranUnion’s and Equifax’s on the Fair Issacs “myFICO” website – and/or pray to God that He will reveal Experian’s number to you, because as a consumer there is no other way to get that one.

By: Sean Russell

Sean Russell — Tue, 18 May 2010 19:44:46 +0000

This product is fraudulent and misleading. I’m in the mortgage industry and the scoring models this product uses are not reliable, therefore are ignored by lenders. The correct score models used my mortgage companies were 100 points lower on my clients report. You should take this plug down.

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By: Tori Sheppeard

Tori Sheppeard — Sat, 13 Mar 2010 21:57:07 +0000

Why does my credit scores show up as one thing on your site but when I got to buy a car they act like they don’t get those same scores?? I need to understand what is going on here.

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