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"Banking" Credit Scores?

I am applying for a mortgage and have what I would consider acceptable credit scores in the high 700's.  However when talking to a couple of lenders they say that the score is much lower because the bank uses different scoring systems.  Is this true and if so whats the point in even monitoring your "consumer" credit score when its not even the one they use? 

  • July 09 2012 - US
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Answers (1)

Yes, it is true.  That is a fact that most people don't know until they apply for mortgage loans.

However, it would be good to continue to monitor your credit score, so your view of your credit does not decrease.
  • July 09 2012
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