Credit Card Center Advertiser Disclosure†
03-08-2008 06:47 AM
marty56 wrote:I suspect most people here are happy that there is more then one CRA. Many people have posted here and asked which CRA a particular CC uses. While the reasons may vary, it comes down to the fact that one CRA might show a persons score or history being better and thus they are able to get what they want.Whether it is missing data or a formula difference, many people here lare helped by this. Myself included.Yes it costs more for us to get all our info but the difference between a FICO score of say 722 and 756 when say 4 points are added to it could make a world of diffrence in a car loan or a CC or mortgage.I never liked single point of failures.
03-08-2008 07:39 AM
Let me pick a bank who uses the CRA that has the most good/least bad info on me. And of course that bank then gives me a loan thinking that I have a 756 when in all honesty, I'm a 722 or even lower.
03-09-2008 07:10 AM
03-09-2008 07:37 AM
03-09-2008 08:44 AM
Unfortunately, this thread has morphed from a question about when FICO 08 is being rolled out to each of the Big 3 into a long and sometimes rambling thread about FICO vs. FAKO.Can we answer the original question please, of what is the latest projected dates for the CRA's using FICO 08?Is it still:-EX 5/08-TU later in 2008, around Sept or so-EQ - no plants to adopt until lawsuit with myFICO is settled, so plan on 09 or probably 2010...Can someone please answer?Thanks.
FI has said implementation will begin in May. That's the best info we have.
03-09-2008 03:31 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.