Well, the problem is that it could literally take years! We hear whispers that EX is offering it to lenders, but it can't be bought by consumers. The other two haven't even started yet. It will take each individual lender deciding to switch from a known quantity to something brand new, and the financial industry is not quick to change anything, especially when they're in a mess like they are today.
In addition, myFICO has always used the scoring versions used by most lenders, until a newer one is used by 50% or more. This means that myFICO is still using the 1998 version of the TU score, and it's only now transitioning over to the "new" TU2004. (And we're halfway through 2008.)
I don't know how anyone can do a countdown when the launch time (and launch year) is completely unknown...
I'm curious, what would anyone do differently if they knew that, guaranteed, no doubt about it, FICO08 would start be used on September 1, for instance, by every single lender in America? And it's more likely that we'd be commuting to work wearing jet packs than for that to happen.
I'm not fussing; it's just that we've been pulling our collective hair out for a year now, anticipating and worrying over this, and we're all kinda bald and exasperated.
In addition, myFICO has always used the scoring versions used by most lenders, until a newer one is used by 50% or more. This means that myFICO is still using the 1998 version of the TU score, and it's only now transitioning over to the "new" TU2004. (And we're halfway through 2008.)
I don't know how anyone can do a countdown when the launch time (and launch year) is completely unknown...
I'm curious, what would anyone do differently if they knew that, guaranteed, no doubt about it, FICO08 would start be used on September 1, for instance, by every single lender in America? And it's more likely that we'd be commuting to work wearing jet packs than for that to happen.
I'm not fussing; it's just that we've been pulling our collective hair out for a year now, anticipating and worrying over this, and we're all kinda bald and exasperated.
I wanted to add an AU but not until I have done all that I can do on my own. Wanted to make sure I had enough time for all this to happen. But my goal is 2009 and it seems that's FICO 08 is unlikely to be used before from this post. All good then. 
Thank you.
Thank you.
If you add someone as an AU to one of your cards FICO 08 won't make a difference, as far as I can tell
ilovepizza wrote:
I wanted to add an AU but not until I have done all that I can do on my own. Wanted to make sure I had enough time for all this to happen. But my goal is 2009 and it seems that's FICO 08 is unlikely to be used before from this post. All good then.
@MidnightVoice wrote:
If you add someone as an AU to one of your cards FICO 08 won't make a difference, as far as I can tell
Exactly. I wanted my AU posted before 08 is used. It would answer exactly how many age points I'm missing.
Educational reasons.
@Anonymous wrote:
@MidnightVoice wrote:
If you add someone as an AU to one of your cards FICO 08 won't make a difference, as far as I can tell
Exactly. I wanted my AU posted before 08 is used. It would answer exactly how many age points I'm missing.
I suppose you're too far off the curve to get a decent prediction from the score estimator? (not simulator)
