Established Member
kcoett
Posts: 34
Registered: ‎06-30-2008
Wow - Difference Between TU '98 and '04

‎06-30-2009 06:20 PM

Wow - I am working on getting preapproved for a USDA Guaranteed loan and my lender pulled my 3 scores today.  EQ - 678 EX - 666 and TU - 633!!!

 

My TU '98 score from myfico is 689.  A 56 point differential - you have got to be kidding me!

 

However, my Equifax from myfico shows as 678 as well - spot on.  And Experian - well we all know the story there.

 

 

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Established Contributor
Revike
Posts: 720
Registered: ‎05-04-2007
Re: Wow - Difference Between TU '98 and '04

‎06-30-2009 06:55 PM

I think there was one other person who reported a difference of 60 or 63 points, but 56 points is still impressive ... but not in a good way. :smileyhappy:

 

It's way past time for Fico and TransUnion to show some consideration for the consumer and offer TU'04 scores ...

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Regular Contributor
CreditGuy03
Posts: 148
Registered: ‎08-13-2008
Re: Wow - Difference Between TU '98 and '04

‎06-30-2009 07:16 PM

My wifes was 712 on one and 680 on another.

Those point differentials can put you in a totally different bracket when getting any kind of loan
(2,546 Views)
 
Super Contributor
ShanetheMortgageMan
Posts: 6,438
Registered: ‎09-28-2007
Re: Wow - Difference Between TU '98 and '04

‎07-01-2009 01:11 PM

Yes it stinks, I recently had to put a caveat when explaining to people the best website to get their scores from, I still tell them myFICO.com but let them know that the TU score might or might not be the actual score the creditor receives.
ShanetheMortgageMan
"Knowledge is knowing a tomato is a fruit. Wisdom is not putting it in a fruit salad."
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Regular Contributor
scorerise
Posts: 150
Registered: ‎05-26-2009
Re: Wow - Difference Between TU '98 and '04
[ Edited ]

‎07-01-2009 01:14 PM - edited ‎07-02-2009 02:17 AM

My TU'04 was 697. What I pulled was 709. 12 point difference.
Message Edited by scorerise on 07-02-2009 02:17 AM
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Super Contributor
ShanetheMortgageMan
Posts: 6,438
Registered: ‎09-28-2007
Re: Wow - Difference Between TU '98 and '04

‎07-01-2009 01:16 PM

For people with better credit the differences aren't as great I've noticed.  When asking my credit vendor Kroll about it they stated that TU 04 will have better scores than TU 98 for those people with good credit, and for people with negatives in the past 24 months or lower scores, TU 04 will generate a lower score than TU 98 would.  I've noticed the lower score scenario with TU 04 many times, haven't seen anyone with better scores on TU 04 yet.
ShanetheMortgageMan
"Knowledge is knowing a tomato is a fruit. Wisdom is not putting it in a fruit salad."
(2,438 Views)
 
Established Member
kcoett
Posts: 34
Registered: ‎06-30-2008
Re: Wow - Difference Between TU '98 and '04

‎07-01-2009 01:46 PM

Very Interesting - it doesn't really wind up affecting me for a USDA mortgage because my mid score is still above 660, but that could really hurt my chances for any other types of loans/credit cards.  Is this site planning on changing over to 04 anytime soon?

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Super Contributor
ShanetheMortgageMan
Posts: 6,438
Registered: ‎09-28-2007
Re: Wow - Difference Between TU '98 and '04

‎07-01-2009 01:48 PM

All I've read is that myFICO.com is going to do the change "soon", but that has also been their response for awhile now.
ShanetheMortgageMan
"Knowledge is knowing a tomato is a fruit. Wisdom is not putting it in a fruit salad."
(2,419 Views)
 
Frequent Contributor
MrsQ
Posts: 404
Registered: ‎04-15-2009
Re: Wow - Difference Between TU '98 and '04

‎07-01-2009 01:55 PM

My Fico had my TU at 623 and my TU 04 was 644.
Starting Score: 545
Current Score: 725
Goal Score: 750

Take the FICO Fitness Challenge
(2,412 Views)
 
Regular Contributor
BADave
Posts: 114
Registered: ‎02-07-2009
Re: Wow - Difference Between TU '98 and '04

‎07-01-2009 02:09 PM

My Fico TU 687 --  Broker pulled 04 662! 

(2,406 Views)