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Why 72 points difference in same EQ FICO?
Did they pull different score version?
Hey Pizza. Here is a qustion and I'm sorry I'm of topic, which credit card companys are using FICO08 ?
@pizzadude wrote:
It is possible that they might have used the newer FICO08 model. Or they could also be using a bankcard enhanced model....
We think it's a combination of those two; a credit card or (bankcard if you will) enhanced version of FICO08. There have been no posts confirming that any lender is using the FICO08 Classic version.
A difference between FICO scoring models doesn't seem to explain away such a gap.
Is it possible SW hasn't updated and something negative aged off?
@drkaje wrote:A difference between FICO scoring models doesn't seem to explain away such a gap.
Is it possible SW hasn't updated and something negative aged off?
Only if you assume there's not substantial differences between FICO '04 and '08 which isn't necessarily the case (nuisance collections being the most obvious change)... and worse, a Classic (or whatever ir normal) vs. a Credit-enhanced pull.
We know for absolute certainty that Auto-enhanced pulls can be +/-75 points or more in some cases regardless of FICO version used; why not similar for Credit-enhanced? If you've defaulted on a mortage or auto-loan, and that's what's depressing your score, but you have flawless CC payment history over time, there's no reason why they might not factor the failed installment loan as much less important than revolving tradelines.
@ Rev,
I guess BankCard enhanced would make sense. 72 points just seems like a pretty big gap.
I think discover pulls TU around here but can't waste an Inq to find out, LOL!
Clean file.
No collections or other problems.
Debt is only 3% and there is no reported changes in this file from EQ monitoring.
Strange..
Yeah, but we're all just taking swag's on how a credit-enhanced pull actually differs.
Out of curiosity, what's the total age of your accounts, vs. specifically the revolving tradelines? For a Classic pull AFAIK payment history is payment history; however, for any industry option (auto, credit, etc, enhanced) some types of payment history are better than other payment history... or they may calculate some sort of age measurement just on your revolving tradelines.
It's just so hard to know how they do things unfortunately, which is sort of the point I suppose. In any event the score disparity is annoying, but not much you can do about it. It's why I'm so routinely down on knowing a specific FICO, because there's no guaruntee (other than on a mortgage and the Beacon 5.0 score found here and a few other places) that it's actually going to be used.