Credit Card Center Advertiser Disclosure

Reply
Valued Member
Posts: 34
Registered: ‎05-04-2015
0

So if inquiry scoring only counts for a year.....

So if inquiry scoring only negatively impacts your credit score for the first year why are 2 of my fico 8 scores different?

 

For the first time since i ruined my credit when i was 20, my TU and EX reports are completly clean. And for once, exactly the same. Both have only 2 inquiries on them from the past 12 months and that is from my mortgage shopping back in August. The only difference between them is over the past 2 years my TU report has 9 inquiries on them and my EX has 18.

 

Maybe ive misunderstood something along the way about score impact for only the 1st year, but maybe i am to assume that they also look at amount of total inquiries on report as well?

 

TU score is 798 and EX score is 786.

 

EQ will be clean come April and is currently at a 699 with 13 inquiries/ 2 in the past 12 months. Has a paid charge-off on it from 2010. Dont know why it has stuck around longer then the other 2. TU deleted it years ago. 

 

Input is appreciated as to why the scoring difference.

Senior Contributor
Posts: 6,202
Registered: ‎04-11-2016

Re: So if inquiry scoring only counts for a year.....

Unfortunately you can't really compare scores between two different bureaus.  Even with identical information on a credit report from two different bureaus, a different score can be achieved.  Usually they are very close though, as is the case with your reports.  IMO, the inquries have nothing to do with your scoring variance between those 2 bureaus.

Valued Contributor
Posts: 2,432
Registered: ‎03-20-2014
0

Re: So if inquiry scoring only counts for a year.....


BrutalBodyShots wrote:

Unfortunately you can't really compare scores between two different bureaus.  Even with identical information on a credit report from two different bureaus, a different score can be achieved.  Usually they are very close though, as is the case with your reports.  IMO, the inquries have nothing to do with your scoring variance between those 2 bureaus.


+1, my TU and EX have the same information (just some different HP dates > 12 months) almost every month there is a 10-15 points difference between them (TU higher).

Community Leader
Senior Contributor
Posts: 4,252
Registered: ‎07-17-2014

Re: So if inquiry scoring only counts for a year.....

Great responses.  If the OP is still confused as to the why, it's because the FICO 8 model has been implemented slightly differently at each of the three CRAs.  The actual computer code itself that FICO supplied the CRA was tweaked and changed to suit the vision and agenda and database of each of each bureau.  The changes were small, but they are nonetheless real.

 

Thus, strictly speaking, there is not in practice a single thing called FICO 8.  There's only TU FICO 8 and EQ FICO 8 and EX FICO 8. 

 

If the OP thinks that's weird, the changes the bureaus made in previous models were a lot bigger, resulting in actual differences between the maximum score one could get.  At least with FICO 8 a person can really get an 850 at all three CRAs.  With the previous model (FICO 4) you could only get a maximum of 818 at Equifax whereas at Experian you could a max of 850.

Established Contributor
Posts: 846
Registered: ‎02-11-2012

Re: So if inquiry scoring only counts for a year.....

My TU and EQ are 2 points apart, the same one each 30 day late, same month and year is on both reports. The other difference is AAOA where one bureau has three more trades reporting. Experian for me is a whole different animal and is about ten points less than the other two with the same identical late but less trades reporting.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico)XP 735 (FAKO)
Updated scores 05/01/17 EQ 824, TU 812 EXP 810 (all Fico scores) Remember the Three P's: Pay early in Full, Pay on Time, Patience
Highlighted
Moderator
Posts: 17,400
Registered: ‎12-30-2011

Re: So if inquiry scoring only counts for a year.....

[ Edited ]

Hehe, no correlation to be sure but as of yesterday morning for the first time ever my FICO 8 scores are pretty much identical:

 

EQ 732

TU 734

EX 733

 

Which is pretty funny to me as there's a fairly large disparity between the files these days.  Mortgage scores are still 30+ points apart and not in a direction that makes any rational sense to me.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 688, TU 4 758, EX 2 703, EQ 8 728, TU 8 762, EX 8 739 (6/12/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


Take the myFICO Fitness Challenge

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.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* 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.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.