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Does anyone know more about how FICO Score 9 differs from Score 8 model?

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Valued Contributor

Does anyone know more about how FICO Score 9 differs from Score 8 model?

Does anyone know more about how FICO Score 9 differs from Score 8 model?  (I also tried doing a search for "FICO Score 9" on the forum, but was unable to find any meaningful search results.)  I recently ordered my 3 CRA scores and reports on MyFico, and they are apparently now listing FICO Score 9 values.  What I found interesting was that my Score 9 values were significantly lower than my Score 8 values, for reasons I'm not quite sure of?

** BEFCU Platinum Plus VISA @ 5.49% F, $4k ** Unify FCU Variable-Rate VISA Gold @ 6.24% V, $5k ** PACU Premier Privileges Rewards MC @ 7.50% F, $20k ** FNBO Amex @ 7.50% V, $20k ** Unify FCU Fixed-Rate VISA Platinum @ 8.99% F, $15k ** Barclay Ring @ 9.25% V, $1.9k ** BoA Cash Rewards WMC @ 9.99% F, $11.1k ** Citi DC WMC @ 10.49% V, $17.82k ** BoA Travel Rewards VS @ 10.49% V; $8.4k ** Cap1 No Hassle Miles Ultra Platinum MC @ 11.15% V, $3.5k ** Discover IT @ 11.24% V, $22.4k ** FNBO BucksBack VS @ 12.25% V, $20k ** BBR(x2) @ 13.24% V, $12k ** US Bank Cash+(x2) @ 16.24% V, $26k ** Citi DP VISA @ 16.24% V, $8.1k ** FNBO Amex TravElite @ 16.99% V, $15k ** Blispay @ 19.99% F, $5k ** Cap1 BuyPower WEMC @ 21.15% V, $6.25k **
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Message 1 of 38
37 REPLIES
Frequent Contributor

Re: Does anyone know more about how FICO Score 9 differs from Score 8 model?

Try a Google search. It never fails.

 

"Though You Give up Your Life, Do Not Give up Your Honor." - Miyamoto Musashi

"I Love The Name of Honor, More Than I Fear Death." - Julius Caesar

*Currently at 5.6% bodyfat Smiley Tongue AimED for 5.6% Smiley Tongue
Message 2 of 38
Valued Contributor

Re: Does anyone know more about how FICO Score 9 differs from Score 8 model?


EvilSecondTwin wrote:

Try a Google search. It never fails.

 


Done, thanks for the helpful reminder.

** BEFCU Platinum Plus VISA @ 5.49% F, $4k ** Unify FCU Variable-Rate VISA Gold @ 6.24% V, $5k ** PACU Premier Privileges Rewards MC @ 7.50% F, $20k ** FNBO Amex @ 7.50% V, $20k ** Unify FCU Fixed-Rate VISA Platinum @ 8.99% F, $15k ** Barclay Ring @ 9.25% V, $1.9k ** BoA Cash Rewards WMC @ 9.99% F, $11.1k ** Citi DC WMC @ 10.49% V, $17.82k ** BoA Travel Rewards VS @ 10.49% V; $8.4k ** Cap1 No Hassle Miles Ultra Platinum MC @ 11.15% V, $3.5k ** Discover IT @ 11.24% V, $22.4k ** FNBO BucksBack VS @ 12.25% V, $20k ** BBR(x2) @ 13.24% V, $12k ** US Bank Cash+(x2) @ 16.24% V, $26k ** Citi DP VISA @ 16.24% V, $8.1k ** FNBO Amex TravElite @ 16.99% V, $15k ** Blispay @ 19.99% F, $5k ** Cap1 BuyPower WEMC @ 21.15% V, $6.25k **
Message 3 of 38
Valued Contributor

Re: Does anyone know more about how FICO Score 9 differs from Score 8 model?

Was the FICO 9 much lower than the 8?

Gardening until September 2018
Next app: Mortgage in September 2018
Message 4 of 38
Valued Contributor

Re: Does anyone know more about how FICO Score 9 differs from Score 8 model?


Discover2016 wrote:

Was the FICO 9 much lower than the 8?


I experienced score drops of -13, -21, and -23, when comparing my current FICO Score 8 values with the corresponding Score 9 values for the 3 CRAs.

** BEFCU Platinum Plus VISA @ 5.49% F, $4k ** Unify FCU Variable-Rate VISA Gold @ 6.24% V, $5k ** PACU Premier Privileges Rewards MC @ 7.50% F, $20k ** FNBO Amex @ 7.50% V, $20k ** Unify FCU Fixed-Rate VISA Platinum @ 8.99% F, $15k ** Barclay Ring @ 9.25% V, $1.9k ** BoA Cash Rewards WMC @ 9.99% F, $11.1k ** Citi DC WMC @ 10.49% V, $17.82k ** BoA Travel Rewards VS @ 10.49% V; $8.4k ** Cap1 No Hassle Miles Ultra Platinum MC @ 11.15% V, $3.5k ** Discover IT @ 11.24% V, $22.4k ** FNBO BucksBack VS @ 12.25% V, $20k ** BBR(x2) @ 13.24% V, $12k ** US Bank Cash+(x2) @ 16.24% V, $26k ** Citi DP VISA @ 16.24% V, $8.1k ** FNBO Amex TravElite @ 16.99% V, $15k ** Blispay @ 19.99% F, $5k ** Cap1 BuyPower WEMC @ 21.15% V, $6.25k **
Message 5 of 38
Frequent Contributor

Re: Does anyone know more about how FICO Score 9 differs from Score 8 model?


galahad15 wrote:

EvilSecondTwin wrote:

Try a Google search. It never fails.

 


Done, thanks for the helpful reminder.


I saw this same thread under "Understanding Fico Scoring" or something along those lines. I know you were there because you have a rather long sig that's very easy to remember. The answers that were given were very vague at best. I thought of answering (about the differences) but figured it wasn't worth the effort (no pun) and simply just kept reading. BTW, I had just finished reading the differences between the two prior to coming to the boards.... 

"Though You Give up Your Life, Do Not Give up Your Honor." - Miyamoto Musashi

"I Love The Name of Honor, More Than I Fear Death." - Julius Caesar

*Currently at 5.6% bodyfat Smiley Tongue AimED for 5.6% Smiley Tongue
Message 6 of 38
Community Leader
Super Contributor

Re: Does anyone know more about how FICO Score 9 differs from Score 8 model?

My Fico 9's are way lower I mean way lower than my 08's and lending scores(05/04 scores)..  No places that I know of are using them as of yet or probably for the next year or two.. I tend to think they might need to work out the bugs..  I would be curious what the emphasis is on with the scores as they are WAY lower than my 04/08 scores.  I hope no lenders use them anytime soon as they appear to be junk at this time at least for me personally.

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | Barclay's | US Bank | Fifth Third Bank | FNBO
Message 7 of 38
Frequent Contributor

Re: Does anyone know more about how FICO Score 9 differs from Score 8 model?


CreditCuriousity wrote:

My Fico 9's are way lower I mean way lower than my 08's and lending scores(05/04 scores)..  No places that I know of are using them as of yet or probably for the next year or two.. I tend to think they might need to work out the bugs..  I would be curious what the emphasis is on with the scores as they are WAY lower than my 04/08 scores.  I hope no lenders use them anytime soon as they appear to be junk at this time at least for me personally.


I lean towards the opposite - but you're a good guy so I'll leave it at that Smiley Happy

 

Mines are about 50 points higher across Smiley Surprised  but I'm not holding my breath about their usage anytime soon. 

"Though You Give up Your Life, Do Not Give up Your Honor." - Miyamoto Musashi

"I Love The Name of Honor, More Than I Fear Death." - Julius Caesar

*Currently at 5.6% bodyfat Smiley Tongue AimED for 5.6% Smiley Tongue
Message 8 of 38
Community Leader
Super Contributor

Re: Does anyone know more about how FICO Score 9 differs from Score 8 model?


EvilSecondTwin wrote:

CreditCuriousity wrote:

My Fico 9's are way lower I mean way lower than my 08's and lending scores(05/04 scores)..  No places that I know of are using them as of yet or probably for the next year or two.. I tend to think they might need to work out the bugs..  I would be curious what the emphasis is on with the scores as they are WAY lower than my 04/08 scores.  I hope no lenders use them anytime soon as they appear to be junk at this time at least for me personally.


I lean towards the opposite - but you're a good guy so I'll leave it at that Smiley Happy

 

Mines are about 50 points higher across Smiley Surprised  but I'm not holding my breath about their usage anytime soon. 


It will be awhile until lenders adopt them.. I am pretty sure many of them are probably running test along side the current model they are using along with the 09 model and gathering information before switching over.. Just speculation though.  They deffinetly penalize for different things alot more than the Mortgage or 08 scores do, completly different model it appears.  Meh no sense it worrying about something I can't control and I don't forsee it going mainstream for at least a year if not more.

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | Barclay's | US Bank | Fifth Third Bank | FNBO
Message 9 of 38
Community Leader
Super Contributor

Re: Does anyone know more about how FICO Score 9 differs from Score 8 model?


CreditCuriousity wrote:

My Fico 9's are way lower I mean way lower than my 08's and lending scores(05/04 scores)..  No places that I know of are using them as of yet or probably for the next year or two.. I tend to think they might need to work out the bugs..  I would be curious what the emphasis is on with the scores as they are WAY lower than my 04/08 scores.  I hope no lenders use them anytime soon as they appear to be junk at this time at least for me personally.


Mine are higher, in the optimal zone.  It must knock folks down if any baddies, just don't know.

Starting score EQ SW 563 April 2014, Fico 8 EQ 801, EX 794, TU 805 (April 2016)
Message 10 of 38