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Which of the 3 credits scores is considered my FICO score? How is my FICO calculated?

Sunday

My mortgage is a 5 yr ARM @ 4.75 and I want to lock in at the best rate. I have a vehicle lease that matures in June and want to make a new car purchase. Both attempts will require a credit check. Which credit score do mortgage companies and car dealerships use to help me get the best interest rate?

Nobody but FICO knows what formulas are used to calculate FICO scores.

The score you purchase from them is a consumers version of a score.
The scores lenders use is often different from the consumer version.
Different types of lenders may use different types of scores.
Mortgage companies and car dealers usually pull more then one of the 3 scores and often will pull all three.

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  1. echo
    May 10th, 2009 at 08:13 | #1
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    Nobody but FICO knows what formulas are used to calculate FICO scores.

    The score you purchase from them is a consumers version of a score.
    The scores lenders use is often different from the consumer version.
    Different types of lenders may use different types of scores.
    Mortgage companies and car dealers usually pull more then one of the 3 scores and often will pull all three.
    References :

  2. the d
    May 10th, 2009 at 08:19 | #2
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    if i were you i would get a fixed rate mortgae above all else,

    you could get one for about that same rate.
    References :

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