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10-10-2013 12:53 PM
It's been about 5 years since I kept track of my FICO scores but today I decide to check them out for security purposes and make certain nothing funny was going on. Anyway, all is good but my scores are really low:
My memory says my scores used to be in mid 700's, has something changed?
10-10-2013 02:07 PM
The TU and EQ FICO versions have always been the same on here, or at least when I started here in 2007. The EX FICO version is different from before though. It was Fair Isaac Risk Model v2. EX did their thing and your EX FICO wasn't available for purchase for a long while. Now it's back under a new FICO8 version.
10-11-2013 10:39 AM
Thanks for responding, it's appreciated.
10-16-2013 11:02 AM
Fair \isaac can trim or modify their algorithms at will, so it is next to impossible to know if their scoring criteria have substantively changed.
One factor that I would assume is most likely updated on a regular basis is their categoriization, or "bucketing", of their scoring based on current peer group evaluation, which by definition changes over time based on current statistics.
10-16-2013 10:51 PM
Just to clarify; rebucketing sets the stage for eventually reaching higher scores! Rebucketing is when you are compared with files that are very similiar to yours.