Why is my Credit score different than what it says online?

We get a lot of questions, many from very seasoned buyers who have purchased several homes.  If you have a question, please email cconlon@afncorp.com and we may use it in an upcoming article.

Why is my Credit score different than what it says online?  I hear this all the time, “why is my Credit Karma say something different than the score that you have and the one that is on my Credit Card statement?  Monitoring your credit has become common and even a competition in some households.  At last glance there were 20+ available models all possibly giving you a wide variation of score.  For instance, you online could read 720, a car dealer may have you at 730 and your mortgage company at 710.  Keep in mind that most of the free online systems and FICO monitoring systems available from card issuers are quite different, generally furnishing only one specific model.  Different algorithms are utilized for the different models, each is specific to the industry that they cater to.  In the mortgage industry all the repositories are used with a specific model that is required for acceptance on the secondary market.  Credit scores are only part of the picture when you are getting a new mortgage, but arguably one of the most important.

Every situation is different, Call or email Chris or Bob if you would like a personalized tips and tricks to improve your score with little effort.

Chris Conlon cconlon@afncorp.com 704-609-5017

Bob Parm bparm@afncorp.com 704-778-2603