Upgraded FICO score for no reason?

[EW800]

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@minime88 wrote:
How is it that everyone scores are going up with this upgrade. Mine went from 703 to 670. What am I doing wrong?

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The link that 5387 provided explains it very well.  I would guess that the new scoring model puts more emphasis on something that might be an issue in your proile, such as higher balances or more than one recent late payments.  It sounds like these areas can help more than before and hurt more than before, depending on your circumstances.  

[toi34]

I'm PISSED!!!!!!!! I just got the email, checked my "new" score, and I've lost 28 points....WTH!!!!

[user5387]

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@toi34 wrote:

I'm PISSED!!!!!!!! I just got the email, checked my "new" score, and I've lost 28 points....WTH!!!!

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http://www.myfico.com/crediteducation/questions/fico8.aspx

[A_Noob]

Hey, it took me from 693 to 730 today!

[whydoineedaname]

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@MidnightJester wrote:

Seems the new scoring model is designed to make people like it more. Almost everyone has jumped points most by alot.

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I dropped 6 points :-(

[StevenRK]

My score jumped from 783 to 805. I'm confused now more than ever.  I wish the scoring system was simpler and more consistant.  My Fako scores are in the 760's, myFico score is 805 and my Discover score is 850.  Which one is real has me stumped.

[Stanic413]

Mine jumped a little. 715 to 731, but a mortgage inquiry also fell off btwn my last pull and this so not sure how much was related directly to the upgrade.  Either way, it's an increase.   Anxious to see if there's a big change in my Barclay and Discover TU score since it fell off. 

[user5387]

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@StevenRK wrote:

My score jumped from 783 to 805. I'm confused now more than ever.  I wish the scoring system was simpler and more consistant.  My Fako scores are in the 760's, myFico score is 805 and my Discover score is 850.  Which one is real has me stumped.

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There is not a single "right" score.

If different formulas are applied at different times to reports that may vary across the bureaus, then the results will be different.

If FICO ceased to exist, this problem would persist, because individual lenders have all sorts of their own formulas as well.

Some scores are better than others, because they more accurately forecast future delinquency.

[vanillabean]

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@Shogun wrote:

Here's a look at what changed the most in creating the FICO 8 score.

High credit card usage

FICO 8 score is more sensitive to highly utilized credit cards. So if your credit report shows a high balance close to the card's limit, your score will likely lose more points than it would have previously. You may want to consider keeping any monthly credit card balance low.

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My upgraded score is 844. That’s with balances on multiple cards, one of them having a 31% utilization!

[PaulE]

I am definitely a fan of the recent upgrade.  I went from a 699 to an 802 overnight.  I've spent the past year waiting to see a 7 in the front of my credit score and somehow I skipped the 700's all together.  I guess the 08 model puts a lot less emphasis on my old baddies (2 collections and 1 charge-off that are 5+ years old) and gives me more credit for having a low util (<4%).

I see an app spree in my future.