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Fico 9

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Regular Contributor

Fico 9

When will MYFICO start showing the FICO 9 scores

 

Fico
Equifax 565
TransUnion 590
Experian 537
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Message 1 of 6
5 REPLIES
Valued Contributor

Re: Fico 9

I don't believe anything has been mentioned at all in regard to FICO 9 scores being offered, however I know I am sure interested.  Given the differences that have been stated about this model, I know I am very curious about where I would fall score-wise within that model.

 

 

Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
Jan 2018: EX8: 736; EQ8: 736; TU8: 747; EQ04: 734 FICO 9 Scores about 50 points higher
In My Wallet: Discover $63.7K; Cap1 Venture $36.7K; Amex ED $38K; Amex Optima $12.5K; Amex Delta Gold $15K; Cap1 Plat $8.4K; Barclay $7K; Citi TY Pref $13K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $209.8K
My UTIL: Less than 1% - Only allow about $10 a month to report, on one account. .
Message 2 of 6
Valued Contributor

Re: Fico 9

I seen this mentioned on one of my cc's.  Not sure which one?  Have checked recently and some are not reporting a score at the moment.  But it did mention that this version was suppose to be better.  I think we would have to wait and see?  Smiley Wink


FICOS: EQ-812 TU-811 EX-818 Goal - 840-850 Across The Board
Total Credit Lines - 506K Gardening....
"I am the master of my fate and the captain of my destiny" Nelson Mandela
Message 3 of 6
Senior Contributor

Re: Fico 9


tdtucker wrote:

When will MYFICO start showing the FICO 9 scores 


Do you have creditors that use it?

Message 4 of 6
Regular Contributor

Re: Fico 9


takeshi74 wrote:

tdtucker wrote:

When will MYFICO start showing the FICO 9 scores 


Do you have creditors that use it?


Yes.... the real ? is when will the majority of creditors begin using it? It isnt something Id be waiting to happen. Its (Fico 9) relevance will be determined as issuers start using it. And its mostly going to benefit those who hav defaulted medical related charges that hav been attached to their CRs. I wouldnt hold much more significance to it than that @ present. Therefore its impact relative to your current credit profile may be minimal @ best.

Message 5 of 6
Moderator

Re: Fico 9

Given that my own financial services employer only recently switched to FICO 8, it'll be a while before FICO 9 is adopted by any meaningful cross-section of the industry in my estimation.  Don't see the GSE's moving at anything but a glacial pace, and most of the dominant CC players are on a FICO 8 variant and wouldn't surprise me if they made an apples to apples comparison between VS 3 and FICO 9 before switching to one or the other.  Will be interesting to see how it shapes up.

 

I do sort of wonder why my employer didn't go FICO 9 now since the score was available for purchase when we made the switch (after virtually no testing but I digress); some of the changes made in it would be directly applicable to the traditional credit strata we play in... but guess that's why I'm a leaf object /shrug.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 741, EX 2 776, EQ 8 809, TU 8 774, EX 8 822 (1/1/18)
Goal Score:    EQ 5 771, TU 4 750, EX 2 776, EQ 8 809, TU 8 774, EX 8 822 (01/01/19)


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Message 6 of 6