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Why is My FICO ® Score 8 so Low?

Experian ® FICO and Equifax ® are Trying to Trick You

Credit Reporting Agency Liars

Is your credit score at the mortgage company much higher than your score on Equifax.com MyFICO.com or Experian.com? I’d be confused and frustrated if I were you, too!

The reason for this is simple: FICO, Experian, and Equifax are trying to trick you.

I know it sounds crazy, but it’s true. Obviously, the power behind credit tradelines to get a score boost freaks them out. The massively powerful effect that tradelines have on credit scores, drove those three companies to collude with each other. They created a special credit scoring model that is only used on their websites. It’s called FICO Score 8. They designed it for the sole purpose of making your score LOOK much lower than it really is. Shocking. But true. By dramatically reducing the value of Authorized User Tradelines appearing in your credit report, you are led to believe that credit tradeline piggybacking doesn’t work.

Rest assured, as far as we’ve ever heard, there isn’t a bank in the world using FICO Score 8. The credit score being used by the bank you want to borrow money from will be closer to the one you see on websites like TransUnion.com, ScoreSense.com, Discover.com and CreditKarma.com.

FICO Admits To It

Authorized user of credit card

“All FICO® Score versions include authorized user credit card accounts when calculating a FICO score. This can help people benefit from their shared management of a credit card account. It also helps lenders by providing credit scores that are based on a full snapshot of the consumer’s credit history.

To protect lenders…FICO® Score 8 substantially reduces any benefit of so-called “trade line renting.” That’s a credit repair practice that entices consumers into being added to a stranger’s credit account… “

What’s My Real Credit Score?

There are literally hundreds of different credit scoring models out there. Even different divisions within the same bank will show you have a different credit score. Car loans have “auto scores”. Mortgages have “classic scores”. And these are all different from your credit score for a credit card. Or even for a checking account!

For this reason, we always tell you there is no such thing as a “real credit score, except for the one being used by the bank you want to borrow money from.”

Boost scores across all credit scoring models

BoostMyScore uses a method known as piggybacking to give your credit score a strong and immediate boost. This can be especially helpful if you are ready to start your own business, purchase a new vehicle or even buy a home. 

The process is simple, fast, and results are guaranteed.

Check out the credit tradelines simulator designed to assist you in selecting the best tradelines for your situation. Need a bit more help?Contact BoostMyScore today at 1-800-531-1472 to learn how you can raise your credit score quickly.

Bill Airy

About the Author:

Bill Airy is the CEO and Founder of BoostMyScore. For over 12 years he has helped American consumers get a second chance at a better financial life by helping them to improve their credit score. He regularly publishes helpful content on this Blog to educate others about Credit Scores and best practices when trying to improve them.

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Do you need help selecting the best tradelines for you and your financial situation?

BoostMyScore Team