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Valued Contributor
p-
Posts: 2,611
Registered: ‎06-05-2008
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Re: My fico score does not match


guiness56 wrote:  FICO 08 doesn't include collections and I believe PRs for 100 or less;  utilzation on 08 is scored harder for those with high balances.  At one time  AU accounts were not factored in but I think that has since changed.  And I think they are more lenient toward rare missed payments. 

Thanks, Guiness... useful info.  Shame there's no way to buy the score the lender actually uses.  I guess we'll wait and see what the OP lists as his baddies.  

 

I've been meaning to ask you; what is your beverage of choice for the other half of a black and tan?

  8-12-14: FICO EXP: 797 - EQU: 734 - TRAN: 739 - AVG: 757 - +207 points from JUN 2008 - MY CREDIT JOURNAL

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Draco007
Posts: 53
Registered: ‎01-24-2008
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Re: My fico score does not match

This just happened to us too with Experian FICO.  Here we pulled a 691 and the credit union pulled a 635.  We have no baddies, just high utilization on exisiting credit cards and a new mortgage.   It's so far off, what's the point of buying it?

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guiness56
Posts: 22,408
Registered: ‎01-17-2008
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Re: My fico score does not match


Draco007 wrote:

This just happened to us too with Experian FICO.  Here we pulled a 691 and the credit union pulled a 635.  We have no baddies, just high utilization on exisiting credit cards and a new mortgage.   It's so far off, what's the point of buying it?


Do you know what version the CU used?  Even for an EX08 there is the bankcard enchanced score which weights CC TL more heavily.  And your utilization.

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Shogun
Posts: 12,952
Registered: ‎04-15-2011
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Re: My fico score does not match

It depends on what's used.  I know that more lenders are starting to use the EX08 version, but many mortgage lenders are still using the EX v2.  And different banks, CUs, etc. might pull other versions.


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