topic Re: Let's track TU98, TU04 and TU08 differences in Understanding FICO® Scoring

Let's track TU98, TU04 and TU08 differences

pakman92 — Mon, 16 Apr 2012 22:40:14 GMT

Hello,

I'd would like to propose an experiment that I'll keep track and publish the results. I'd like to see how people's TU98 (myFico), TU04 (lender pulled) and TU08 (Walmart) scores correlate.

If you can respond to this thread by posting your TU scores from multiple sources within (let's say a week), I'll compile the data.

I'll start with my own case.

TU08 (Walmart) 813 on 3/29/2012, TU98 (myFico) 772 3/30/2012.

Please help by posting your scores.. ONLY if you have 2 or more of the three variants within a week.

Hopefully, over time and with enough data points, we can have a better understanding of the correlation.

Re: Let's track TU98, TU04 and TU08 differences

Misshopeful72 — Mon, 16 Apr 2012 22:59:10 GMT

on 04/01 TU 98 542, TU04 617, TU08 652

Re: Let's track TU98, TU04 and TU08 differences

rena347 — Mon, 16 Apr 2012 23:02:46 GMT

I have never received a score for TU08.

My Scores: 4/4/12

TU04 Lender Pull – 632

TU98 My Fico – 707

Husband’s Scores: 2/7/12

TU04 Lender Pull – 647

TU98 My Fico – 676

Re: Let's track TU98, TU04 and TU08 differences

pakman92 — Tue, 17 Apr 2012 01:38:41 GMT

Misshopeful72 wrote:
on 04/01 TU 98 542, TU04 617, TU08 652

Wow, that is all over the place.

Re: Let's track TU98, TU04 and TU08 differences

omskillet — Tue, 17 Apr 2012 02:04:39 GMT

On 2/16 ( last time I got a TU04 )

704 - TU 04

667 - TU 98

Re: Let's track TU98, TU04 and TU08 differences

pakman92 — Tue, 17 Apr 2012 02:20:39 GMT

ok another 100 more posts and hopefully we'll have something to chart.

Re: Let's track TU98, TU04 and TU08 differences

Crashem — Tue, 17 Apr 2012 05:15:19 GMT

Not going to be consistent. TU98 includes charge card balances in utilization calculations (Amex zync/green/gold/plat/cent). The rest of them don't.

Re: Let's track TU98, TU04 and TU08 differences

Revelate — Tue, 17 Apr 2012 07:08:26 GMT

Unfortunately it doesn't mean much w/o the detail of the credit reports =/.

i.e. I believe FICO '08 (TU08) will disregard one nuisance collection (<$100); if there's the one collection on the reports of the trivial amount (old library collection or parking ticket silliness), that would explain a discrepancy; however, if there's still a difference and nothing that falls into that category, than it is going to be something else.

Re: Let's track TU98, TU04 and TU08 differences

pakman92 — Tue, 17 Apr 2012 13:29:46 GMT

Crashem and Ravelate are right on both points. However, think with enough data points, there might be something we can learn about how the differnt Tu versions correlate in large aggregate. If nothing else, it can prove that they don't correlate enough to be practical in predicting one another.

Re: Let's track TU98, TU04 and TU08 differences

kjm79 — Tue, 17 Apr 2012 20:02:35 GMT

I think the other problem with the reliability of the data will be the reports not being pulled on the same exact days, we know reports can change daily and that might skew the data as well. But I'm game.

4/2 TU 08 = 708

4/5 TU 98 = 695

4/2 TU 08 = 708

4/5 TU 98 = 688

ETA: I think I saw a post in the Mortgage forums where people were posting their different scores too.

Re: Let's track TU98, TU04 and TU08 differences

sqrt — Sat, 21 Apr 2012 22:01:30 GMT

Great things to know...I don't have a walmart card...any idea how to get TU08 in other places?

Re: Let's track TU98, TU04 and TU08 differences

pakman92 — Mon, 23 Apr 2012 10:54:16 GMT

Found on another thread:

MissImMe TU98: 662 TU04: 648

Juss11 TU98 is a 690 TU08: 658

visorboy1974 TU98 727 TU04 741 TU08 678

Just keeping in one thread so I can compile the data easier. Mods, let me know if this is not a good practice.

Re: Let's track TU98, TU04 and TU08 differences

FairCredBen — Tue, 24 Apr 2012 18:41:11 GMT

4/24

TU98 (myFico) 617

TU04 (Lender) 584

i dont like this....

Re: Let's track TU98, TU04 and TU08 differences

BARNES40 — Tue, 24 Apr 2012 23:52:02 GMT

I've been just reading and learning on these boards in preparation to buy a new house after recovering from a Ch. 7 BK almost exactly 24 months ago. Today I pulled my TU98 and EQ on my fico. Since I was dying to know my EXP score, I pulled it on Quizzle. Here are the differences all pulled on the exact same day:

TU98: 641 Lender TU04: 648

EQ: 634 Lender EQ: 634

Quizzle EXP: 685 Lender EXP:625

All of that made my median score 634. Typical FHA guidelines required a 640 median, but since I'm a teacher in Texas, I'm using a TSAHC program, and the requirement is only 620! So I made it!

Anyway, I thought the differences were interesting. I had been more scared of the TU04 difference than the EXP difference. Boy, was I wrong!

Re: Let's track TU98, TU04 and TU08 differences

MarineVietVet — Wed, 25 Apr 2012 03:53:59 GMT

BARNES40 wrote:
I've been just reading and learning on these boards in preparation to buy a new house after recovering from a Ch. 7 BK almost exactly 24 months ago. Today I pulled my TU98 and EQ on my fico. Since I was dying to know my EXP score, I pulled it on Quizzle. Here are the differences all pulled on the exact same day:

TU98: 641 Lender TU04: 648
EQ: 634 Lender EQ: 634
Quizzle EXP: 685 Lender EXP:625

All of that made my median score 634. Typical FHA guidelines required a 640 median, but since I'm a teacher in Texas, I'm using a TSAHC program, and the requirement is only 620! So I made it!

Anyway, I thought the differences were interesting. I had been more scared of the TU04 difference than the EXP difference. Boy, was I wrong!

Hello and welcome.

The scores at Quizzle are not FICO scores. The FAKO (what we call non-FICO) score offered there is called a “CE Score” and developed by CE Analytics. No one has been able to buy their own Experian FICO score since February of 2009. Creditors can pull Experian and also there is a CU (PSECU) in Pennsylvania that supplies that information to it's members only.

Re: Let's track TU98, TU04 and TU08 differences

FairCredBen — Fri, 27 Apr 2012 15:04:13 GMT

how is my TU98 and TU04 so different? this is crazy...

Re: Let's track TU98, TU04 and TU08 differences

thankfulheart — Fri, 27 Apr 2012 15:59:13 GMT

BadCredBen wrote:
how is my TU98 and TU04 so different? this is crazy...

Different calculations. From what I've gleaned, TU04 weights recent things more heavily than well past baddies, not sure the "it doesn't matter as much after 12 months" rule applies anymore. I also believe they weight overall quantity of lates more stringently. There is also a change in how charge accounts (AMEX) are calculated, but that doesn't impact me at all, so I can't really speak to that. The only comparison I have is from last September, TU04 from the lender was 586, TU98 from here was 593. Since then, I've gotten a bunch of junk off, but I'm not pulling the mortgage app trigger until June when I'll be able to derive another comparison.

Re: Let's track TU98, TU04 and TU08 differences

ztnjpv — Fri, 27 Apr 2012 18:15:34 GMT

I just don't see why MyFico doesn't give us the Lender version since it's the one that matters most. Kinda silly to make us pay $20 per report and not give us the one that lenders see.

Why withhold it?

Re: Let's track TU98, TU04 and TU08 differences

pakman92 — Fri, 27 Apr 2012 18:24:33 GMT

ztnjpv wrote:
I just don't see why MyFico doesn't give us the Lender version since it's the one that matters most. Kinda silly to make us pay $20 per report and not give us the one that lenders see.

Why withhold it?

I'm guessing but it's not MyFico that is not willing to. It's probably TransUnion.

Re: Let's track TU98, TU04 and TU08 differences

ztnjpv — Fri, 27 Apr 2012 18:41:28 GMT

So it might be TU that doesn't want it to be given out?

OK. I know it's a guess on your part but if it's true, WHY? What does TU gain by not showing consumers the real score that lenders see? I see no benefit.