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Established Member
Posts: 38
Registered: ‎05-22-2007
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How do lenders acquire FICO score?

[ Edited ]
I've seen different versions of FICO scoring mentioned and it's made me curious how lenders use the system.  Do they purchase software that analyzes information retrieved from your CR?
If this is the case and Company A had purchased a slightly different version than Company B, is it possible they could come up with two different scores even if the information was pulled simultaneously from the same CRA?  Smiley Surprised Also, if that's how if works, does anyone have a clue how often the algorithm is tweaked?   Inquiring minds want to know!  Smiley Wink

Message Edited by Felicity on 06-09-2007 08:03 AM
Senior Contributor
Posts: 4,635
Registered: ‎03-11-2007
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Re: How do lenders acquire FICO score?

Do an advanced search and use the phrase industry option. This has been mentioned a couple of times, but not much.
This post from Barry talks about it.
Might also try this google search. Saw a couple of links at Fair Isaac.
This bankrate article makes a brief mention of it.
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Posts: 6,182
Registered: ‎03-29-2007
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Re: How do lenders acquire FICO score?

The four industry option scores are:
-Bank Installment
-Finance Company

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