03-12-2013 08:28 AM
I know the verision on Myfico for Trans Union is an older model but it is the only one I have access to at this time.
My question is - do most people find their scores higher or lower with the new version. I am trying to get a guestimate as to what my score might be on the newer model. I am sitting at 669 on the myfico version.
03-12-2013 08:33 AM
Always assume your TU04 (assuming you're gunning for a mortgage) is lower. It might be higher, but at least you would be better off had you not prepared. IME, it was a mixed bag. DW's TU04 was higher than TU98 when compared the exact same day after a mortgage app. My TU04 was 10 points lower when compared the same day. Seems like for most TU04 is lower.
03-12-2013 09:37 PM
The TU98 score offered here is getting as bad as using a FAKO. Anecdotally, I've heard that Barclay's still uses the TU98 model but NO other major lender does. TU04, like EQ's Beacon 5 and Experian's V2 seem to be the standard, at least for the mortgage industry. Whatever politics that prevent MyFico from preventing them to offer the most widely used TU04 score escapes me.
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.
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.