Silver: Lender's Report, Lender's Scores
& Analysis

Only $59.95
Get Your . . .
  1. FICO® Credit Scores Lenders use
  2. Complete Credit Score Analysis
  3. Potential Mortgage and Auto Loan Qualifications

Gold: Lender's Report, Lender's Scores, Analysis
& Steps to Score Improvement

Only $79.95
Get Your . . .
  1. FICO® Credit Scores Lenders use
  2. Complete Credit Score Analysis
  3. Potential Mortgage and Auto Loan Qualifications
  4. Personalized Solutions to Higher FICO® Credit Scores

My Credit Plan Blog

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Latest News and Updates

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Can You Check Your Lender’s Credit Scores for Free? In short, the answer is “No” – Why do you have to pay to get your same credit scores used by lenders? It is the difference between lender’s credit scores and credit scores marketed all over the internet. I’ll explain.

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(Updated March 20, 2020) With the economy teetering from to the coronavirus, many consumers face declining income from lost hours and even losing their jobs. Some inquire about the possibility of skipping loan payments on their homes or auto from the loss of income. Is this a possibility – and will it impact your credit report / FICO® scores? Let’s take a closer look.

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No. That's not how the lender's Classic FICO scores work.

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“We are doing what?” was the surprised response from a vice-president of a major credit card company. She had just discovered that her employer was providing a "consumer" credit score to their clients, while using a different "lender’s" FICO® score to approve the same company's credit cards. This vice-president wasn't even in the know. These two scores are always different. This "consumer score" creates mass confusion for all consumers when lenders use an entirely different (FICO) credit score for their credit card approvals.

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Credit Karma tells everyone to get their free Credit Karma "Vantage" credit scores. You think that is good. Actually, it is not. All mortgage lenders require Classic FICO® credit scores for their loan approvals, which also determine your interest rates and loan fees. Vantage Scores do not give the same precise scores mortgage lenders require from the Classic FICO Scores. That is where the problem with Credit Karma starts.

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There are many credit score models available to consumers that provide different credit assessments (or numbers) based on the same credit information. How does that happen?

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Follow those free online credit scores at your own financial peril. Such scores are different from the lender's FICO® scores and can cost you lots of money. Curtis found out the hard way.