What's the difference between your FICO score and Plus Score?

Question

When I purchased my Equifax 3 in 1 credt report and score, it gave me my FICO score. When I looked up Experian, you can purchase your credit report and Plus Score...

What's the difference?

Answer 1

I have no idea what a "plus score" is -- probably just a cutsy name to sell you something.  The only score that really counts is FICO.  That's what creditors look at.  The best place to get your real, up-to-date FICO is MyFico.com.

By the way, you can get one free credit report per year  from each credit bureau thru AnnualCreditReport.com.  Space out one bureau every 4 months and that's all you need to check your credit file.  Don't pay for reports or monitoring services -- it's a waste of money.

Answer 2

There are 2 scoring systems the first and oldest is FICO which scores from 300 to 850 with anything that calculates to below a 300 defaulting to a 0.

The other is called Vantage and scores from 501 to 990.

Vantage breaks their system down into letters as follows;

A-901-990

B-801-900

C-701-800

D-601-700

F-501-600

While FICO does not have a lettering system the largest credit union in Oklahoma breaks down their scores as follows;

Elite 740 & up

Prime 700-739

Preferred 660-699

Standard 625-659

Sub-prime 624 & under

Experian has been trying to push Vantage onto people since 2006 but the other two credit bureaus have not bought into it yet.