@HeavenOhio wrote:CCID, if the ceilings on these scores are 818 and 839, do you have any idea why myFICO tells us that the ceiling is 850? What's the ceiling for EX?
It's disturbing that FICO should (via its subsidiary myFICO) state something that it must surely know to be false. I first found out about the fact the mortgage models had different scoring ranges than the 300-850 several years ago when a mortgage lender did a preapproval for me. They gave me a copy of my tri-merged report and scores, which also gave the true score ranges in fine print. I was stunned weeks later when I looked more closely and saw the actual ranges.
The actual ranges for the three mortgage scores are:
EQ FICO O4 = 334 to 818
TU FICO O4 = 309 to 839
EX FICO 98 = 320 to 844
FICO 08 does indeed have ranges of 300-850, though I am pretty sure that the 300 is not precisely accurate. I think I am have seen some published stuff that implies clearly that a score of exactly 300 or 301 (say) is impossible. That level of picky accuracy, however, would feel like overkill, so I am fine with FICO claiming a lower range of 300. It's the high ranges that I think FICO should be accurate about. FICO 8 really does have a top range of 850 and there are many people who get 850s.
@Anonymous wrote:
@HeavenOhio wrote:CCID, if the ceilings on these scores are 818 and 839, do you have any idea why myFICO tells us that the ceiling is 850? What's the ceiling for EX?
It's disturbing that FICO should (via its subsidiary myFICO) state something that it must surely know to be false. I first found out about the fact the mortgage models had different scoring ranges than the 300-850 several years ago when a mortgage lender did a preapproval for me. They gave me a copy of my tri-merged report and scores, which also gave the true score ranges in fine print. I was stunned weeks later when I looked more closely and saw the actual ranges.
The actual ranges for the three mortgage scores are:
EQ FICO O4 = 334 to 818
TU FICO O4 = 309 to 839
EX FICO 98 = 320 to 844
FICO 08 does indeed have ranges of 300-850, though I am pretty sure that the 300 is not precisely accurate. I think I am have seen some published stuff that implies clearly that a score of exactly 300 or 301 (say) is impossible. That level of picky accuracy, however, would feel like overkill, so I am fine with FICO claiming a lower range of 300. It's the high ranges that I think FICO should be accurate about. FICO 8 really does have a top range of 850 and there are many people who get 850s.
The range has been published everywhere for around two decades as 300-850; the fact that there were mutually exclusive things (as I understand it but no direct proof) which prevented an 850 from ever being reached in the highest scoring buckets I don't know is worth getting irritated about... gold plated is gold plated afterall.
