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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