FICO today and the new version (FICO 08) will still count AUs in scoring.
Somehow, they figured out a way to weed out the fake AUs from the real!
Which beats the heck outta me since I can hardly ever tell when one of my kids is blaming the other for something they did!!
Somehow, they figured out a way to weed out the fake AUs from the real!
Which beats the heck outta me since I can hardly ever tell when one of my kids is blaming the other for something they did!!
I don't know but, all my credit cards are AU, and today for instance, AMX reported a balance increase and my score went down. I think they are already calculating.
Starting Score: 454
Although the EX version of FICO 08 is being used on a tiny basis out there, nothing much else is going on, and it's definitely not being used for your myFICO scores.
Actually, this would be evidence that the AU card IS being factored in your scoring. When balances go up, scores generally go down.
If your AU cards are "legitimate" (from a spouse, etc.), they will probably continue to be used for scoring indefinitely. Nevertheless, you should get at least two cards in your own name. Stuff happens.
The score boost from your AU cards should help you, but do realize that lenders can tell that these aren't *really* your cards. So don't get offended if you don't get huge CL's; just take what you've got, work it perfectly for 6-7 months, and then go on from there.
@Breakthecycle2 wrote:
I don't know but, all my credit cards are AU, and today for instance, AMX reported a balance increase and my score went down. I think they are already calculating.
Actually, this would be evidence that the AU card IS being factored in your scoring. When balances go up, scores generally go down.
If your AU cards are "legitimate" (from a spouse, etc.), they will probably continue to be used for scoring indefinitely. Nevertheless, you should get at least two cards in your own name. Stuff happens.
The score boost from your AU cards should help you, but do realize that lenders can tell that these aren't *really* your cards. So don't get offended if you don't get huge CL's; just take what you've got, work it perfectly for 6-7 months, and then go on from there.
@haulingthescoreup wrote:
Although the EX version of FICO 08 is being used on a tiny basis out there, nothing much else is going on, and it's definitely not being used for your myFICO scores.
@Breakthecycle2 wrote:I don't know but, all my credit cards are AU, and today for instance, AMX reported a balance increase and my score went down. I think they are already calculating.
Actually, this would be evidence that the AU card IS being factored in your scoring. When balances go up, scores generally go down.
If your AU cards are "legitimate" (from a spouse, etc.), they will probably continue to be used for scoring indefinitely. Nevertheless, you should get at least two cards in your own name. Stuff happens.
The score boost from your AU cards should help you, but do realize that lenders can tell that these aren't *really* your cards. So don't get offended if you don't get huge CL's; just take what you've got, work it perfectly for 6-7 months, and then go on from there.
It's factoring in all three bureaus, so I DEF think it is being used somehow because it is legitimate AU. My score dropped three points because of the AMEX balance increase since yesterday.
BTW, this a FICO score.