#Re: how accurate is freecredit report.com

‎01-24-2011 08:41 PM

dfitzg wrote:

how comparable are the scores on freecreditreport.com to our fico scores.

The reports are fine but the scores (and advice given about scores) are useless. They can't be compared in any way to FICO scores.

Re: how accurate is freecredit report.com

‎01-24-2011 09:15 PM

I wont single out any specific commericial vendor of credit reports, but they are far, far from being the same.

The only thing that is accurate is your credit file . recorded with each CRA.

Anyone who sells consumer credit reports has acess to your credit file data, but their credit report is their condensation and formatting of your credit file data into any format or content of their choice. The FCRA simply does not regulate credit reports.

It, in my mind, is not as much about the accuracy of any CR you purchase, but more about its completeness. They routinely intermix data from totally different portions of your credit file, and mislead one into thinking that a debt collector, for example, posted updates to your OC account. That cannot happen, but commercial credit reports blur that distinction, and thus are often more harmful than helpful.

The ONLY consumer credit report I would every rely on is the government-santioned compliance you get, once a year, at annualcreditreport.com.