New FICO version

[dashpt]

I got the email last week, a day after my score went up, so it went up only to go back down.

[neicyj22]

I am so upset I went from 689 to 649 with the new version of FICO.  Trying to buy a house in a few months and I think this just killed me. 

[-Cal-]

Mine was upgraded 6/2. I was 699 at the time and it dropped to 676, oddly enough on 6/6 it went up to 698 after it detected a new inquiry. Today it now sits at 695 after some more stuff from my recent app spree posted.

[EW800]

> I am so upset I went from 689 to 649 with the new version of FICO.  Trying to buy a house in a few months and I think this just killed me. 

Your score did not go down.  It is just a different model of FICO scoring that you are seeing.  You are now seeing your FICO 08 score, whereas previously you were seeing your FICO 98 score.  Whatever model your lender pulls now will produce the same score as it did previously (assuming all data is the same).  

[BungalowMo]

This email you spoke of...was this to notify you of the fact they are now using FICO 08?

I got a score watch email on June 6 & I checked...OMG...went from 730 to 682!

I do hope this bounces back.  I know the algorythm has changed, but we're still working with a 300 to 850 range...so either way I look at it, that score needs to jump back up!

[ktl72455]

I just joined DCU  so I can get the free monthly Fico score since they use 04 model and thats what most Mortg lenders still pull.

I dont need more credit cards or aAuto loan so my focus is a Mortgage.

[neicyj22]

I see, thanks for clearing that up.

[buildafico]

I have a question, in the new model it speaks about AU score effect, is it still speaking largely about trade line renting like has been discussed elsewhere on this forum? For instance my father added me as an AU For a credit account I actually do help him manage, will the trade line history carry no affect in this situation ?

[msbia]

OP I can empathize with your angst. I got the email and checked my score and it dropped from 691 to 627! It was a total buzzkill after working on rebuilding for many months. I have also been on the same mortgage trajectory and this took the wind out of my sails. I basically just gave up. 

[ktl72455]

I have not got the email yet but I did take advantage of the 20% off all three reports from MY FICO so I pulled all 3. Supposedly TU and EX on here is now using 08.

So i will be curious what my EQ does at change over.

Edit: Well now I know why my EQ dropped from 647 to 632... the pull was all 08 model so even though I have not got a email yet, I am on 08.  I will be glad when I get my 04 from DCU :-)