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Experian 08 and 04

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chunkymonkey
Established Member

Experian 08 and 04

Is there a big difference between the two? My lender is using Experian Classic v02 (I think that is 04) and I read myFico uses 08.

Message 1 of 5
4 REPLIES 4
AndySoCal
Valued Contributor

Re: Experian 08 and 04

A couple of changes in the score the number days on student, auto and mortgages is increased from 14 to 30 days is now treated as a single inquiry.  The treatment of authorized user accounts while still included in the socre the impact on the score may not be as great in certain cases. Those are acouple of the changes.

FICO Scores XPN v8 802 V2 831 (SDFCU) TUC 803 v8 EFX 807 (10/2023)
Discover 09/90 19,000, JCPenney 10/2008 4,700 US Bank Cash 12,000 Citibank Custom Cash 5/2015 11,100 State Dept. FCU 15,000 06/2023 , 02/2024 Redstone FCU Signature VISA 10,000 Banking: Ally Bank Credit Unions: Lafayette FCU Fortera FCU State Department FCU Pelican CU

Pelican State CU Redstone FCU

Message 2 of 5
chunkymonkey
Established Member

Re: Experian 08 and 04

Thanks
Message 3 of 5
user5387
Valued Contributor

Re: Experian 08 and 04


@chunkymonkey wrote:

Is there a big difference between the two? My lender is using Experian Classic v02 (I think that is 04) and I read myFico uses 08.


http://www.myfico.com/crediteducation/questions/fico8.aspx

 

Message 4 of 5
-NewGuy-
Moderator Emeritus

Re: Experian 08 and 04

Collections under 100 bucks are ignored in 08, AUs treated differently, isolated lates aren't as damaging, UTIL weighed more heavily.

Message 5 of 5
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