topic Re: Wow - Difference Between TU '98 and '04 in Mortgage Loans

Wow - Difference Between TU '98 and '04

kcoett — Wed, 01 Jul 2009 01:20:18 GMT

Wow - I am working on getting preapproved for a USDA Guaranteed loan and my lender pulled my 3 scores today. EQ - 678 EX - 666 and TU - 633!!!

My TU '98 score from myfico is 689. A 56 point differential - you have got to be kidding me!

However, my Equifax from myfico shows as 678 as well - spot on. And Experian - well we all know the story there.

Re: Wow - Difference Between TU '98 and '04

Revike — Wed, 01 Jul 2009 01:55:44 GMT

I think there was one other person who reported a difference of 60 or 63 points, but 56 points is still impressive ... but not in a good way. :)

It's way past time for Fico and TransUnion to show some consideration for the consumer and offer TU'04 scores ...

Re: Wow - Difference Between TU '98 and '04

CreditGuy03 — Wed, 01 Jul 2009 02:16:23 GMT

My wifes was 712 on one and 680 on another.

Those point differentials can put you in a totally different bracket when getting any kind of loan

Re: Wow - Difference Between TU '98 and '04

ShanetheMortgageMan — Wed, 01 Jul 2009 20:11:01 GMT

Yes it stinks, I recently had to put a caveat when explaining to people the best website to get their scores from, I still tell them myFICO.com but let them know that the TU score might or might not be the actual score the creditor receives.

Re: Wow - Difference Between TU '98 and '04

scorerise — Thu, 02 Jul 2009 09:17:09 GMT

My TU'04 was 697. What I pulled was 709. 12 point difference.

Message Edited by scorerise on 07-02-2009 02:17 AM

Re: Wow - Difference Between TU '98 and '04

ShanetheMortgageMan — Wed, 01 Jul 2009 20:16:24 GMT

For people with better credit the differences aren't as great I've noticed. When asking my credit vendor Kroll about it they stated that TU 04 will have better scores than TU 98 for those people with good credit, and for people with negatives in the past 24 months or lower scores, TU 04 will generate a lower score than TU 98 would. I've noticed the lower score scenario with TU 04 many times, haven't seen anyone with better scores on TU 04 yet.

Re: Wow - Difference Between TU '98 and '04

kcoett — Wed, 01 Jul 2009 20:46:03 GMT

Very Interesting - it doesn't really wind up affecting me for a USDA mortgage because my mid score is still above 660, but that could really hurt my chances for any other types of loans/credit cards. Is this site planning on changing over to 04 anytime soon?

Re: Wow - Difference Between TU '98 and '04

ShanetheMortgageMan — Wed, 01 Jul 2009 20:48:22 GMT

All I've read is that myFICO.com is going to do the change "soon", but that has also been their response for awhile now.

Re: Wow - Difference Between TU '98 and '04

MrsQ — Wed, 01 Jul 2009 20:55:41 GMT

My Fico had my TU at 623 and my TU 04 was 644.

Re: Wow - Difference Between TU '98 and '04

BADave — Wed, 01 Jul 2009 21:09:03 GMT

My Fico TU 687 -- Broker pulled 04 662!

Re: Wow - Difference Between TU '98 and '04

cmunlin97 — Wed, 01 Jul 2009 21:45:07 GMT

My fico gave me 641 for TU and my broker pulled 648 using TU '04, not much of a difference.

Re: Wow - Difference Between TU '98 and '04

Tracy5544 — Tue, 15 Jun 2010 01:49:23 GMT

Old thread but I was very bummed out today. TU 98 vs 04. Any update when we can buy 04 scores?

MyFico.com pulled 6/14:

EQ 616

TU 635

EX ??

Lender pull 6/14:

EQ 616

TU 618

EX 630

No USDA loan for me!

Re: Wow - Difference Between TU '98 and '04

Lel — Tue, 15 Jun 2010 02:34:39 GMT

No update yet. Unfortunately, it's essentially up to TU to decide whether to offer the 04 score to consumers.

Re: Wow - Difference Between TU '98 and '04

jsank — Thu, 23 Feb 2012 21:42:47 GMT

I know this is an old thread, but my experience was the same.

myFICO TU - 614

Lender TU - 579

Wells Fargo is currently taking 600 and above for USDA and FHA. This literally killed my application for now. does anyone know what TU FICO 04 is most greatly effected by? I'm going to pay-off the most current delinquent credit card and hope for the best. I have three bad debts. The others are over two years old.

Re: Wow - Difference Between TU '98 and '04

Repo-ed — Thu, 23 Feb 2012 21:45:35 GMT

That hurts my heart to read.

Re: Wow - Difference Between TU '98 and '04

MBOhio2 — Thu, 23 Feb 2012 22:47:04 GMT

As of today, my TU98 is 638 from here and my lender just pulled a TU04 of 612.

Re: Wow - Difference Between TU '98 and '04

rena347 — Thu, 23 Feb 2012 22:52:06 GMT

On 2//7/12, a loan officer told us that my husband's TU 04 fico was 647. We pulled it from this website on the same day and the TU 98 fico was 676. A difference of 29 points.

Re: Wow - Difference Between TU '98 and '04

MissKay — Thu, 23 Feb 2012 23:51:33 GMT

So I guess there is no point purchasing a TU score from this site? Does anyone know where we can purchase one? I bet if everyone stopped paying for the TU report, myfico would get us the correct one.

Re: Wow - Difference Between TU '98 and '04

92235 — Fri, 24 Feb 2012 19:18:16 GMT

MissKay wrote:
So I guess there is no point purchasing a TU score from this site? Does anyone know where we can purchase one? I bet if everyone stopped paying for the TU report, myfico would get us the correct one.

This is my thoughts exactly. Plus it is $20 now to do a pull. My opinion is that the TU98 score on here is just as much a FAKO as Credit Karma. You may as well use CK for free for just as helpful of a score as the TU98.

Re: Wow - Difference Between TU '98 and '04

Walt_K — Sun, 26 Feb 2012 03:29:58 GMT

92235 wrote:
MissKay wrote:
So I guess there is no point purchasing a TU score from this site? Does anyone know where we can purchase one? I bet if everyone stopped paying for the TU report, myfico would get us the correct one.
This is my thoughts exactly. Plus it is $20 now to do a pull. My opinion is that the TU98 score on here is just as much a FAKO as Credit Karma. You may as well use CK for free for just as helpful of a score as the TU98.

That's probably not too far off if the lender is using TU04. My understanding though is that there are some out there that are still using TU98, so it's not completely worthless.