Most people think they know a lot about credit scores. It is a little more complex than people actually know. People believe there are 3 credit bureaus and people recognize the term "FICO" score. FICO stands for Fair Isaac Corporation and what you didn't know is that they have is 55 different scoring models and FICO is not the only company out there that creates scoring models. The mortgage industry is using Beacon 5.0, Fair Isaac Version II, and Classic 04. The Internet Credit Bureaus with all their marketing and selling are not using any of these 3. So to get your accurate credit score to obtain a mortgage go to your mortgage professional. Posted by Roxanne DeBerry on


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