14d • General discussion
📊💳 Why You Don’t Have “One” Credit Score (And Why That’s Actually a Good Thing)
Let’s clear up one of the biggest credit myths real quick 👇🏾
You do NOT have one FICO score.
You have a whole family of scores. Think Avengers, not solo movie 🎬
🧠 The FICO Score System (The Bank’s Favorite Child)
🏡 Mortgages
🚗 Auto loans
💳 Credit cards
🏦 Business funding
And here’s the twist…
You don’t just have “a FICO.”
You have multiple FICO versions + industry specific FICOs.
📌 Common FICO Versions You’ll Hear About:
• FICO 7 (older lenders still use this)
• FICO 8 (most common today)
• FICO 9 (newer, treats medical debt better)
Each version weighs things slightly differently.
🚘🏠 Industry Specific FICO Scores (The Specialist Doctors)
These are tuned for risk in specific situations:
🚗 Auto FICO Scores
Focus heavy on:
• Past car loans
• Late auto payments
• Repossessions
🏡 Mortgage FICO Scores
Way stricter on:
• Long term history
• Serious delinquencies
• Stability
👉🏾 That’s why someone can have:
FICO 8 = 720
Auto FICO = 680
Mortgage FICO = 650
Same person. Different risk lenses 👀
📉 Now Let’s Talk VantageScore (The Credit Karma Type Score)
Built by VantageScore Solutions
This is what most free apps show.
⚠️ Here’s the truth:
Banks RARELY use VantageScore for lending decisions.
It’s great for:
✅ Monitoring trends
✅ Catching fraud early
❌ Not what approvals are based on most times
🧨 Why Your Scores Don’t Match (And That’s Normal)
Different models care about:
• How recent your activity is
• How collections are treated
• Medical debt
• Paid vs unpaid accounts
So one score may jump while another barely moves.
That’s not broken credit.
That’s different math 🧮
👀 Why Monitoring Your Credit Is POWER
Checking your credit isn’t about obsession.
It’s about control.
When you monitor:
✅ You catch fraud early
✅ You spot wrong balances
✅ You see surprise collections
✅ You track progress
The fastest way people get wrecked financially is not noticing changes.
Credit is like your truck gauges 🚛
You don’t wait for smoke to check the engine.
🔑 The Big Takeaway for Smart Credit Players
✔️ There is no single credit score
✔️ Lenders mostly use FICO
✔️ Different situations use different versions
✔️ VantageScore is for monitoring not approvals
✔️ Watching your credit gives you leverage
💬 Final Word for Udiversity Fam:
If you don’t watch your credit,
someone else will… and they won’t care about your goals 😮💨
Control the data.
Control the score.
Control the bag 💼💰
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📊💳 Why You Don’t Have “One” Credit Score (And Why That’s Actually a Good Thing)
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Udiversity is where you stop surviving and start leveling up—learn the money game, fix your credit, and build the freedom no one taught you.
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