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Fico 8?

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Anonymous
Not applicable
‎06-15-2016 07:05 PM
‎06-15-2016 07:05 PM

Fico 8?

I see number of different fico scores and it all makes sense, but why so many? When do lender use Fico 8? Too many scoring model, this is ridiculous. 

 

 

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RonM21
Valued Contributor
‎06-15-2016 07:37 PM
‎06-15-2016 07:37 PM

Re: Fico 8?

The different scoring models are there mainly because of updated newer models and specific models that are specifically made for a certain type of scredit.


Total CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

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AutoBot
Established Contributor
‎06-16-2016 12:59 AM
‎06-16-2016 12:59 AM

Re: Fico 8?

Here is a pretty good summary on the scoring models....

 

FICO Score versions

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