topic Any Walmart Confirmation Yet? in Credit Cards

Any Walmart Confirmation Yet?

Booner72 — Sat, 10 Dec 2011 18:01:13 GMT

Has anyone here gotten confirmation that the Walmart FICO is a TU08?

Thanks,

Booner.

Re: Any Walmart Confirmation Yet?

MarineVietVet — Sat, 10 Dec 2011 18:54:53 GMT

@Booner72 wrote:
Has anyone here gotten confirmation that the Walmart FICO is a TU08?

Thanks,

Booner.

The TU score from Walmart is officially TU08

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Re: Any Walmart Confirmation Yet?

Booner72 — Sun, 11 Dec 2011 19:38:45 GMT

@MarineVietVet wrote:
@Booner72 wrote:
Has anyone here gotten confirmation that the Walmart FICO is a TU08?

Thanks,

Booner.

The TU score from Walmart is officially TU08

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

WHAT! Where have I been? How do you know this?

Thank you for answering, MV.

This is good news but am curious how it was found out.

Re: Any Walmart Confirmation Yet?

namvet — Sun, 11 Dec 2011 19:47:25 GMT

@Booner72 wrote:
@MarineVietVet wrote:
@Booner72 wrote:
Has anyone here gotten confirmation that the Walmart FICO is a TU08?

Thanks,

Booner.

The TU score from Walmart is officially TU08

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".
WHAT! Where have I been? How do you know this?

Thank you for answering, MV.

This is good news but am curious how it was found out.

Re: Any Walmart Confirmation Yet?

MarineVietVet — Sun, 11 Dec 2011 21:26:33 GMT

@Booner72 wrote:

WHAT! Where have I been? How do you know this?

Thank you for answering, MV.

This is good news but am curious how it was found out.

I was told by a high level, very reliable, unimpeachable source here at myFICO.

Re: Any Walmart Confirmation Yet?

Odiseous — Sun, 11 Dec 2011 22:22:54 GMT

@MarineVietVet wrote:
@Booner72 wrote:

WHAT! Where have I been? How do you know this?

Thank you for answering, MV.

This is good news but am curious how it was found out.
I was told by a high level, very reliable, unimpeachable source here at myFICO.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

But... I never said any such thing.

Re: Any Walmart Confirmation Yet?

spartanspirit — Mon, 12 Dec 2011 05:19:06 GMT

any chance you can ask your high-ranking myfico source when they will use TU08 instead of TU98 or whatever they are using?

Re: Any Walmart Confirmation Yet?

MarineVietVet — Mon, 12 Dec 2011 06:06:20 GMT

@spartanspirit wrote:
any chance you can ask your high-ranking myfico source when they will use TU08 instead of TU98 or whatever they are using?

Do you mean when will myFICO start selling TU08? That's definitely a mystery. They need to upgrade to TU04 first.

Re: Any Walmart Confirmation Yet?

toytoy — Mon, 12 Dec 2011 12:56:17 GMT

@MarineVietVet wrote:
@spartanspirit wrote:
any chance you can ask your high-ranking myfico source when they will use TU08 instead of TU98 or whatever they are using?
Do you mean when will myFICO start selling TU08? That's definitely a mystery. They need to upgrade to TU04 first.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

LOL MarineVietVet

Re: Any Walmart Confirmation Yet?

CS800 — Mon, 12 Dec 2011 13:29:52 GMT

MV:

Does myFICO have free will to choose which TU they will sell or is it dictated by TU themselves?

It would be good to know if myfico has some market intel as to what % of the different versions are currently being used by lenders etc.

Re: Any Walmart Confirmation Yet?

CS800 — Mon, 12 Dec 2011 13:32:57 GMT

Also what's the difference between tu04 and tu08?

Re: Any Walmart Confirmation Yet?

MarineVietVet — Mon, 12 Dec 2011 17:47:13 GMT

@CS800 wrote:
MV:

Does myFICO have free will to choose which TU they will sell or is it dictated by TU themselves?

It would be good to know if myfico has some market intel as to what % of the different versions are currently being used by lenders etc.

I would think that if it were up to myFICO the newer and most widely used versions would be sold. But I could be wrong.

Re: Any Walmart Confirmation Yet?

MarineVietVet — Mon, 12 Dec 2011 17:48:20 GMT

@CS800 wrote:
Also what's the difference between tu04 and tu08?

Here are a few differences:

* Although FICO08 doesn't exclude any AU's what is does differently from prior models is it scores AU TL's in a slightly different manner than joint or individual TL's. As a result, for example, if all of your TL"s are AU's, you're not likely to score as high as if the same TL's were jont/individual.

* FICO08 is more lenient toward the rare missed payment. A one time mis-happening in terms of delinquency doesn’t penalize the score as much compared to previous models. The flip side is that if that happens quite often they actually get penalized more than in the previous versions.

* FICO08 ignores small debts in collections and PR’s that have an original balance of less than $100.

* The new FICO score is more sensitive to high credit usage than earlier models. In other words if you max out your cards your FICO score will lose more points than it would have in the past.