Valued Contributor
Posts: 1,671
Registered: ‎05-24-2007
Re: CFPB released a report comparing FAKOs, FICOs, and VantageScore

I find it difficult to believe that Classic FICO and Industry Specific FICO correlate at .99.


All the Industry Specific FICO run the Classic FICO Scorecards and then add two additional Scorecards can affect that score by 50 points in either direction. The stated goal of each industry is to give a score that is equivalent risk as the same Classic FICO but limited to that industry. In other words, a CC Industry FICO of 700 is the same risk for a CC as another person that had a Classic FICO of 700.