01-13-2013 09:29 AM
01-13-2013 05:23 PM
There is a real push by FICO to make it seem that they have only a single "magic number" that everyone uses, and that all other scores are meaningless. The reality is that even within FICO there are multiple versions, with differences between the 3, and then scores biased for auto loans etc. I will be very interested to see how the FICO scores change once they update the formulae to account for all the foreclosures in recent times.