topic PSECU EX FICO in Credit Cards

PSECU EX FICO

-Cain- — Tue, 16 Jun 2015 02:30:18 GMT

Is it still relevant? What version are they using? Big difference between this one and the one on Chase Slate Dashboard.

Re: PSECU EX FICO

gdale6 — Tue, 16 Jun 2015 02:36:24 GMT

Fico 04 is the version according to my info, All Fico scores have relevance.

Re: PSECU EX FICO

Anonymous — Tue, 16 Jun 2015 02:37:21 GMT

I had the same question recently and started a thread. Interesting answers too because it didn't match my true EXP score.

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/PSECU-FICO-8/m-p/4071166#M94936

Re: PSECU EX FICO

-Cain- — Tue, 16 Jun 2015 02:42:45 GMT

Thank you both. Gdale, you are absolutely right about the relevancy of a score. Vulcan, nice link and good answers there. I didn't see your thread when I searched.

Re: PSECU EX FICO

Revelate — Tue, 16 Jun 2015 05:00:28 GMT

It is EX '98 (Experian FICO Risk Model v2) at last update (recently matched a mortgage pull). Part of the mortgage trifecta, and therefore arguably one of the two best scores available freely to consumers.

Re: PSECU EX FICO

-Cain- — Tue, 16 Jun 2015 05:07:25 GMT

@Revelate wrote:
It is EX '98 (Experian FICO Risk Model v2) at last update (recently matched a mortgage pull). Part of the mortgage trifecta, and therefore arguably one of the two best scores available freely to consumers.

Thanks Revelate. I saw your reply in Vulcan's thread. Good info to know!!

Re: PSECU EX FICO

takeshi74 — Tue, 16 Jun 2015 12:47:32 GMT

@-Cain- wrote:
Is it still relevant?

As with any score it all depends on what you intend to use it for. If a creditor you're applying to uses it then it is certainly relevant. If they do not then it is not relevant. You really can't rely on such generalizations for scoring models other than FAKO's that aren't used by any creditor (e.g. TransUnion New Account, Experian PLUS, etc).

Re: PSECU EX FICO

-Cain- — Tue, 16 Jun 2015 15:07:42 GMT

Noted. All valid points being made by members here!

@takeshi74 wrote:
@-Cain- wrote:
Is it still relevant?
As with any score it all depends on what you intend to use it for. If a creditor you're applying to uses it then it is certainly relevant. If they do not then it is not relevant. You really can't rely on such generalizations for scoring models other than FAKO's that aren't used by any creditor (e.g. TransUnion New Account, Experian PLUS, etc).