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Moderator Emeritus
Posts: 16,383
Registered: ‎03-12-2007
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AUs And The New FICO Scoring Model

[ Edited ]
Some of you might be an AU (authorized user) on one or several accounts with your parents, spouse, relatives or friends. Beginning in September 2007 one of the CRAs will implement FICO's new scoring model. Fair Isaacs has not confirmed which CRA will launch the new scoring model, though many are betting it will be Equifax. There has been confirmation by one of Experian's VPs that they will be the first CRA to launch FICO 2008 (see the second link). What does all this mean? AU accounts might continue to report on your CRs but they will no longer factor in the new scoring model. For more information read this thread.
 
 
 
This thread was dug up by member Revike
 


Message Edited by fused111 on 08-11-2007 02:18 PM
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, 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: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
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Registered: ‎05-01-2007
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Re: AUs And The New FICO Scoring Model

Fair Isaac Corporation is the only one that will be making changes from what I understand. The three credit bureaus will dump the consumer's credit report onto their fico system. The credit bureaus themselves do not need to do anything. It's only the credit score. So even for example if Experian still allows authorized users to be used after the change, the score itself will change.
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Re: AUs And The New FICO Scoring Model



CreditBob wrote:
Fair Isaac Corporation is the only one that will be making changes from what I understand. The three credit bureaus will dump the consumer's credit report onto their fico system. The credit bureaus themselves do not need to do anything. It's only the credit score. So even for example if Experian still allows authorized users to be used after the change, the score itself will change.



Some people have already noticed EX won't even list the AU accounts on their reports.
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Registered: ‎03-12-2007
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Re: AUs And The New FICO Scoring Model



smallfry wrote:


CreditBob wrote:
Fair Isaac Corporation is the only one that will be making changes from what I understand. The three credit bureaus will dump the consumer's credit report onto their fico system. The credit bureaus themselves do not need to do anything. It's only the credit score. So even for example if Experian still allows authorized users to be used after the change, the score itself will change.



Some people have already noticed EX won't even list the AU accounts on their reports.

Yes, this is the case for me.
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, 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: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
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