Understood. I highly doubt you would find any kind of correlation that said your TU98 would always be 12 points lower than your TU04 or vice versa. If so, it would be an awfully stupid endeavor to create a new formula.
But it would be interesting to know if the two were always within 15 points of each other one way or the other for 95% of people or something like that. Or if you could say that for profiles that do not have AU accounts, they are closer, or for profiles that do not have charge cards, they are closer.
But I say if the spread is in the 30 point range, then we might was well start calling TU98 a FAKO. Unless, of course, there are a significant number of lenders still using this model.
Starting Score: ~500 (12/01/2008)
bigtim wrote:Well, I just received my free TU FICO from my Walmart card and it is 28 points higher (730) than the one I paid for on 6/22 from here. I know myFICO still uses the older version, so given all the circumstances I feel I got a bargain AND a more "accurate" score in terms of a more up-to-date model.
Does anybody know for sure what version Walmart uses?
Starting Score: 600
determinedtoown wrote:
I just got a denial from us bank. TU04 621 Dakota here is 565. BIG DEFERENCE! I want to buy a house so that is a significant gap!
If you're looking for mortage, MyFICO's Score Watch service provides scores based on a model used by most mortgage lenders.
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