Im totally lost. If I check my credit scores. I am in the 700 hundreds. But my bank checked equifax, and I had a score of 0. I have only had one loan, but it was cosigned.
So, is it true than lenders (bank & mortgage) only look at your Fico score?
I dont understand. Then who checks your “credit score” that the 3 credit copmpanies give you? I mean, whats the use of them?
This is strange. The credit score that you’re seeing and the FICO score should be the same. 700s is about average. I think I read that the median score is 726. When you take out a loan, some creditors do not report to all 3 credit bureaus. Did you check all 3 scores? It is possible to have a high score with one credit bureau but no score with another.
It could be possible that the banker at your bank is incompetant. That would not surprise me at all.
Hope that helps
http://www.moneymentoronline.com