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Senior Contributor
Walt_K
Posts: 3,065
Registered: ‎11-02-2009

Re: TU98 vs. TU04 and FICO/FAKO

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)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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Frequent Contributor
dookdig
Posts: 332
Registered: ‎04-08-2011

Re: TU98 vs. TU04 and FICO/FAKO

FYI, My TU04 from discover denial letter is 13 points higher than TU98 (747/734)

I believe new version favor more on very low UTI%( less than 7-9%). Utilizing more than 9% will likely result in lower TU04 than TU98. 

Valued Contributor
AndySoCal
Posts: 1,893
Registered: ‎04-07-2009

Re: TU98 vs. TU04 and FICO/FAKO

As been noted before the dedup time frame in FICO 04 was increased. I read another post on this forum where the poster had posted the TU socre model information from TU. There is not that much difference, the number of scorecards are the same. Some will benefit from the update some will not this can be said about every score model that comes out.

Equifax My FICO score 815 5/28/2012. Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011
Frequent Contributor
bigtim
Posts: 359
Registered: ‎06-06-2009

Re: TU98 vs. TU04 and FICO/FAKO

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.

---------------------------------------------------------------
Recent Cards:
12/2012 - Discover (ICL 3,375 CLI to 5,375 05/2014)
12/2013 - Chase Freedom (ICL 3,500 ACLI to 4,500 07/2014)
03/2012 - Gander Mountain MC (WFNNB) 7,000 CL
04/2012 - Ace Rewards Visa (US Bank) 12,000 CL
Back to gardening for a year or two
Valued Contributor
visorboy1974
Posts: 1,129
Registered: ‎05-17-2010

Re: TU98 vs. TU04 and FICO/FAKO


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? 

Moderator Emeritus
MarineVietVet
Posts: 14,084
Registered: ‎07-14-2009

Re: TU98 vs. TU04 and FICO/FAKO


visorboy1974 wrote:

 

Does anybody know for sure what version Walmart uses? 



That is still being looked into.

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

New Visitor
determinedtoown
Posts: 2
Registered: ‎11-18-2012

Re: TU98 vs. TU04 and FICO/FAKO

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!
New Visitor
determinedtoown
Posts: 2
Registered: ‎11-18-2012

Re: TU98 vs. TU04 and FICO/FAKO

*fako ...spell check turned it into Dakota :smileyhappy:
Established Contributor
TrishN
Posts: 505
Registered: ‎11-05-2012

Re: TU98 vs. TU04 and FICO/FAKO

[ Edited ]

My fico TU 650 and Walmart TU 619 . I have no idea what was wrong lol. I paid for my fico on 11/15 and received Walmart store card afternoon . Checked same day but 31pt away. God know this 

10/2012 Started with 588 EQ Fico score and 20+ CA and CO
1750$ total CL
10/2013 in 700 Club
Personal :Total CL 196K
Business : Total CL 200K
Business LOC : 1M
Garden From 10/13/2013
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HiLine
Posts: 2,836
Registered: ‎10-19-2012

Re: TU98 vs. TU04 and FICO/FAKO


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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