How To Figure Middle Credit Score
Hi All ,
I was wondering how to figure out your true credit score when all 3 are different.
Example if the scores show 653, 550, 589, what would your average score be.
I heard that they use your middle score, so what would be the middle score. Do you get that by adding the 3 scores , then dividing them by 3.
Any help is appreciated.
[addsig]
From all that I have been told, in your case they would use the 589... the mid score. It is the one in the middle of your three scores.
If I were you, I would be looking at what was on 2 of my reports (or missing from) compared to the one with 653. I would work on cleaning up any discrepancies first. Then I would see what I could do to improve them.
In answer to your first question, your middle score is exactly what ceinvests said…the one in the middle. Not the average.
And your income has nothing to do with your credit score. A lender will look at it in determining your DTI ratio, and your ability to pay, but it doesn’t affect your score.
Also, closing credit cards can actually cause your score to drop. Often times you’re better off paying them down, but leaving them open. If you keep your balances around 30% - 40% of your available credit, that can help your score immensely. Maxing out your credit limits can cause big drops in your FICO score.
Here’s a couple of links that may help a little…
http://www.myfico.com/CreditEducation/WhatsInYourScore.aspx
http://www.myfico.com/CreditEducation/WhatsNotInYourScore.aspx?fire=5
Thanks for the replies.
I am going to check my reports to see where the differences are to make one score so much higher than the others.
[addsig]
Vaus77,
I always check my report and scores via My Fico, so I know they are my credit scores. I have just got to see what is causing the big difference between my high score and my lowest score. I can see a few points difference , but 100 points difference is quite a bit.
I also had a mortgage broker pull my report a couple months ago, and he got different scores than what I had gotten ( The scores he got were higher ), So I am going to do some checking.
I know your income has nothing to do with your credit report or credit scores.
[addsig]