How is final FICO Score determined if all 3 Reporting Agencies are checked?
Rebecca asked:
I was thinking of applying for a store credit card, and I checked my credit on all 3 of the major credit reporting agencies. All of them are different with one being 50 points lower than the highest one. Do they go by the best score, or do they average out the 3 together to get a final FICO score for determination of the credit card?
They use only the one agency they subscribe to, but you could provide the highest one to them.
If they were to check all three they would go with the highest, but they may be weary that you have a 50 point difference in scores. If I were you I would check to see if you can find out why such a big difference, is one agency reporting something?