topic Re: How to does CCT generate FICO? in Understanding FICO® Scoring

How to does CCT generate FICO?

darwin_wins — Fri, 08 Jul 2016 19:22:24 GMT

I have been waiting for MF to update the scores but neither EX nor EQ has updated. I was expecting this because I had a collection drop off. After waiting for few days I finally went to CCT and got my new scores and they have changed. I assumed that MF keeps the algorithm to generate the scores as secret so how does CCT generate one?

Also why in the hell doesn't MF update these things quickly. It's been 7 days since EX & EQ changes but nothing on MF yet.

Re: How to does CCT generate FICO?

JLK93 — Fri, 08 Jul 2016 19:53:01 GMT

All nonproprietary credit scores, FICO or otherwise, are generated by the Credit Bureaus.

Re: How to does CCT generate FICO?

RonM21 — Fri, 08 Jul 2016 21:57:05 GMT

And CCT just happened to update yours faster. But they should be getting the same info from the bureaus.

Re: How to does CCT generate FICO?

darwin_wins — Fri, 08 Jul 2016 22:29:05 GMT

Isn't CCT owned by Experian though? If it is owned by EX, how would get algorithm to generate FICO scores?

Re: How to does CCT generate FICO?

Anonymous — Fri, 08 Jul 2016 22:36:09 GMT

I have fico's but also EX. They only give you a new score monthly. I just want to be able to see what's going on with my reports and I figure they're better than ck.

Re: How to does CCT generate FICO?

JLK93 — Fri, 08 Jul 2016 22:41:13 GMT

@darwin_wins wrote:
Isn't CCT owned by Experian though? If it is owned by EX, how would get algorithm to generate FICO scores?

Experian generates the CCT Experian FICO scores.

Transunion generates the CCT Transunion FICO scores.

Equifax generates the CCT Equifax FICO scores.

Re: How to does CCT generate FICO?

darwin_wins — Fri, 08 Jul 2016 22:45:49 GMT

Ah I see. Thanks

Re: How to does CCT generate FICO?

Anonymous — Fri, 08 Jul 2016 23:00:45 GMT

You have not received an update from MyFico because a derog dropping off is not a trigger event.