The many flavors of FICO:__Editions, versions, and variations

[Thomas_Thumb]

Discover card provides a free Fico 8 score with each month's statement (form TransUnion). Credit Karma membership is free and it offers free VantageScore 3.0 credit scores monthly - it may also offer some free credit monitoring but I have not checked into that.

[vanillabean]

Message 1 lists

FICO 98, "Experian: Official name: Experian FICO Score 2 (also known as Experian FICO Risk Model v2)”
FICO 04, “Experian: Official name: Experian FICO Risk Model v3”

Should we change the latter to

FICO 04: “Experian: Official name: Experian FICO Score 3 (also known as Experian FICO Risk Model v3)”

because I see that myFICO reports now mention "FICO® Score 3 300-850 Previous version predominantly used for credit card lending”.

[Revelate]

---

@Anonymous-own-fico wrote:

Message 1 lists

FICO 98, "Experian: Official name: Experian FICO Score 2 (also known as Experian FICO Risk Model v2)”
FICO 04, “Experian: Official name: Experian FICO Risk Model v3”

Should we change the latter to

FICO 04: “Experian: Official name: Experian FICO Score 3 (also known as Experian FICO Risk Model v3)”

because I see that myFICO reports now mention "FICO® Score 3 300-850 Previous version predominantly used for credit card lending”.

---

Reference is the publicly disclosed sheets for the bureaus.  I don't know why myFICO decided to dumb down the names but they aren't accurate.

Actually in re-reading I do see the discrepancy but we should be switching the 98 version: Experian FICO® Risk Model v2 is the reference name by my standards anyway.

ETA: my CreditCo tri-merge summary sheet dumbed it down too apparently.

[jello77]

my-own-fico wrote:

====================================================================

FICO 98, "Experian: Official name: Experian FICO Score 2 (also known as Experian FICO Risk Model v2)”

FICO 04, “Experian: Official name: Experian FICO Risk Model v3”

Should we change the latter to

FICO 04: “Experian: Official name: Experian FICO Score 3 (also known as Experian FICO Risk Model v3)”

because I see that myFICO reports now mention "FICO® Score 3 300-850 Previous version predominantly used for credit card lending”.

====================================================================

Many thanks for this info.  I updated the original post as you suggested.

The post still has the "old style" names for TU-98 and TU-04.

Has anyone seen "new style" names for these versions?  

[Revelate]

---

@jello77 wrote:

@Anonymous-own-fico wrote:

====================================================================

FICO 98, "Experian: Official name: Experian FICO Score 2 (also known as Experian FICO Risk Model v2)”

FICO 04, “Experian: Official name: Experian FICO Risk Model v3”

Should we change the latter to

FICO 04: “Experian: Official name: Experian FICO Score 3 (also known as Experian FICO Risk Model v3)”

because I see that myFICO reports now mention "FICO® Score 3 300-850 Previous version predominantly used for credit card lending”.

====================================================================

Many thanks for this info.  I updated the original post as you suggested.

The post still has the "old style" names for TU-98 and TU-04.

Has anyone seen "new style" names for these versions?  

---

Same disclosure:

http://www.transunion.com/docs/financialServices/FS_ScoresOverview.pdf

FICO® Risk Score, Classic 98

FICO® Risk Score, Classic 04

[jello77]

I revised the original post with some updated information.

I revised the top paragraph to describe more completely the 19 score versions now available from MyFICO.

The "new style" name for TU-04 is Transunion FICO Score 4

So I added this under the FICO 04 section:

• Official name:   Transunion FICO Score 4  (also known as Transunion FICO Risk Score Classic 04)

[Thomas_Thumb]

I took the liberty of consolidating your Fico version score range information with data I have collected on industry specific score ranges. The TransUnion data comes directly from a TU "SCORES OVERVIEW" document entitled: TransUnion Scores. The Experian data comes directly from EX "booklet - 714" PDF documents. The Equifax ranges are 3rd party sources.

		Real World	Fico Model
Equifax Score Description	Fico Model Version	Score Range	Score Range
EQ Fico score 9 Classic	Fico 9	3xx - 850	300 - 850
EQ Fico score 8 Classic	Fico 8	300 - 850	300 - 850
EQ Fico score 5 Classic	Fico 04	334 - 818	300 - 850
EQ Fico score 9 Auto	Fico 9	2xx - 900	250 - 900
EQ Fico score 8 Auto	Fico 8 AU	250 - 900	250 - 900
EQ Fico score 5 Auto	Fico 04 AU	250 - 843	250 - 900
EQ Fico score 9 Bankcard	Fico 9 BCE	250 - 8xx	250 - 900
EQ Fico score 8 Bankcard	Fico 8 BCE	2xx - 900	250 - 900
EQ Fico score 5 Bankcard	Fico 04 BCE	2xx - 8xx	250 - 900
		Real World	Fico Model
TransUnion Score Description	Fico Model Version	Score Range	Score Range
TU Fico score 9 Classic	Fico 9	300 - 850	300 - 850
TU Fico score 8 Classic	Fico 8	341 - 850	300 - 850
TU Fico score 4 Classic	Fico 04	309 - 839	300 - 850
TU Fico score 98 Classic	Fico 98	336 - 843	300 - 850
TU score 9 Auto	Fico 9 AU	2xx - 900	250 - 900
TU Fico score 8 Auto	Fico 8 AU	250 - 900	250 - 900
TU Fico score 4 Auto	Fico 04 AU	253 - 893	250 - 900
TU Fico score 98 Auto	Fico 98 AU	250 - 854	250 - 900
TU Fico score 9 Bankcard	Fico 9 BCE	253 - 900	250 - 900
TU Fico score 8 Bankcard	Fico 8 BCE	265 - 900	250 - 900
TU Fico score 4 Bankcard	Fico 04 BCE	250 - 873	250 - 900
TU Fico score 98 Bankcard	Fico 98 BCE	279 - 836	250 - 900
		Real World	Fico Model
Experian Score Description	Fico Model Version	Score Range	Score Range
EX Fico score 9 Classic	Fico 9	300 - 850	300 - 850
EX Fico score 8 Classic	Fico 8	316 - 850	300 - 850
EX Fico score 3 Classic	Fico 04	325 - 850	300 - 850
EX Fico score 2 Classic	Fico 98	320 - 844	300 - 850
EX Fico score 9 Auto	Fico 9 AU	250 - 900	250 - 900
EX Fico score 8 Auto	Fico 8 AU	250 - 900	250 - 900
EX Fico score 3 Auto	Fico 04 AU	250 - 900	250 - 900
EX Fico score 2 Auto	Fico 98 AU	250 - 877	250 - 900
EX Fico score 9 Bankcard	Fico 9 BCE	250 - 894	250 - 900
EX Fico score 8 Bankcard	Fico 8 BCE	264 - 900	250 - 900
EX Fico score 3 Bankcard	Fico 04 BCE	289 - 900	250 - 900
EX Fico score 2 Bankcard	Fico 98 BCE	276 - 878	250 - 900

Fico Credit Score Description	Fico Model Version	Real World	Fico Model
***	***	Score Range	Score Range
EX Fico score 2 Personal	Fico 98 PS	250 - 879	250 - 900
EX Fico score 3 Personal	Fico 04 PS	256 - 875	250 - 900
EX Fico score 2 Installment	Fico 98 Install	250 - 862	250 - 900
EX Fico score 3 Installment	Fico 04 Install	255 - 886	250 - 900

		Real World	VS Model
VantageScore Description	VS Model Version...	Score Range	Score Range
EQ VantageScore 3.0	VS3	3xx - 839	300 - 850
TU VantageScore 3.0	VS3	350 - 839	300 - 850
EX VantageScore 3.0	VS3	3xx - 839	300 - 850
EQ VantageScore 2.0	VS2	5xx - 990	501 - 990
TU VantageScore 2.0	VS2	5xx - 990	501 - 990
EX VantageScore 2.0	VS2	5xx - 990	501 - 990

* VS 3.0 real world values inferred based on Figure 6 table in 2014 Vantagescore.com white paper:

http://www.vantagescore.com/images/resources/VantageScore_Statistical_Bias_whitepaper-05-2015.pdf

See below table for credit based insurance score ranges (CBIS) and other model ranges

- added 1/2016

		Real World	Model
Equifax Score Description	Credit Model Version	Score Range	Score Range
EQ Fico NextGen (PenFed)	Fico Next Gen	221 - 950	150 - 950
EQ Equifax credit score	EQ model		280 - 850
EQ LexisNexis CBIS Auto	LN Attract ins. risk		300 - 997
EQ LexisNexis CBIS Property	LN Attract ins. risk		300 - 997
3B Score from PrivacyGuard	Credit Model Version	Score Range	Model Range
EQ CreditXpert	CreditXpert		350 - 850
TU CreditXpert	CreditXpert		350 - 850
EX CreditXpert	CreditXpert		350 - 850
TransUnion Score Description	Credit Model Version	Real Range	Model Range
TU New Credit (Discover card)	L2C (2015 version)		040 - 820
TU CBIS Auto	TU ins. risk model	1xx - 950	150 - 950
TU CBIS Home	TU ins. risk model	1xx - 950	150 - 950
TU (Cap One credit tracker)	TU New Account 3.0		150 - 950
Experian Score Description	Credit Model Version	Real Range	Model Range
EX Fico NexGen II	Fico NexGen II	232 - 950	150 - 950
EX National Equivalency	EX NE model	3xx - 840	360 - 840
EX Plus Score	EX Plus model		330 - 830

Below added 2018

OtherScoreDescription	Model Name	RealRange	ModelRange
SageStream	Credit Optics	???	1 - 999
ChexSystems	ChexSystems	???	1 - 899

[vanillabean]

People talk about this 818 as the upper end of the EQ 04 range, but I'm not so sure it applies to everyone because various people have reported 817 over the years, but I don't remember ever having come across an 818. Also, you may enjoy the numbers tossed around here.

[Thomas_Thumb]

---

@Anonymous-own-fico wrote:

People talk about this 818 as the upper end of the EQ 04 range, but I'm not so sure it applies to everyone because various people have reported 817 over the years, but I don't remember ever having come across an 818. Also, you may enjoy the numbers tossed around here.

---

The following scores were listed by Android01 in his signature at the bottom of a post dated 5/20/2014. Obviously signature was updated after the original post.

EQ FICO - EQ08 - 850 - 01/01/15
TU FICO - TU08 - 850 - 01/01/15
EX FICO - EX08 - 850 - 01/01/15
EX FICO - V2 - 840 - 01/01/15
EQ FICO - EQ04 - 818 - 01/01/15
EQ FICO - Bankcard Enhanced 8 - 885 - 1/24/15

Edit - 4/8/2016 Added below Fico mortgage score distribution histograms listed on a 2011 test account.

[Thomas_Thumb]

General note - Based on scoring data observations over time, Fico 04 and Fico 08 have a slightly different attitude toward new credit (inquiries) as follows:

Fico 08 Motto - Some new credit is good, a lot of new credit is bad.

Fico 04 Motto - All new credit is suspect

See below for score distribution information. The 1st is EQ Fico 04 Mortgage scores. The 2nd is Fico 08 Classic scores.: