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Regular Contributor
Max09
Posts: 199
Registered: ‎05-29-2008
0

transunion and new fico

any one know how transunion will be coding charge cards once the new fico is released. so far they are still factoring my charge card into my utility.

 

thanks

Moderator Emeritus
fused
Posts: 16,374
Registered: ‎03-12-2007
0

Re: transunion and new fico

The TU score pulled at this site is TU 98 and all cards are factored in revolving util calculations. The TU 04 scoring model used by some lenders, banks and CCCs, will code charge cards like Amex as open accounts and they do not factor in revolving util calculations.
Credit Profile -
FICO 08 Scores (09-16-2014): EQ 824, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Regular Contributor
Max09
Posts: 199
Registered: ‎05-29-2008
0

Re: transunion and new fico

any idea of when will they start using the TU 04 on this site? it would be nice for a consumer to get the same scores the lenders and banks get to see.

 

thanks


fused wrote:
The TU score pulled at this site is TU 98 and all cards are factored in revolving util calculations. The TU 04 scoring model used by some lenders, banks and CCCs, will code charge cards like Amex as open accounts and they do not factor in revolving util calculations.

 

Moderator Emeritus
fused
Posts: 16,374
Registered: ‎03-12-2007
0

Re: transunion and new fico

no word yet. It's estimated that maybe half of all lenders, banks and CCCs who pull FICO scores are utilizing the TU 04 model.
Credit Profile -
FICO 08 Scores (09-16-2014): EQ 824, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)


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