topic Re: Is my score really 800? in Understanding FICO® Scoring

Is my score really 800?

Anonymous — Wed, 03 Oct 2018 22:46:32 GMT

Hi all,

So as many of you know the penfed quarterly report came out with the updated fico score. Imagine my suprise when I see that I have a Fico 9 score of 800! I didnt think it was possible with my credit being new. I checked my Discover Fico 8 Transunion and it was 781. Is there a big diference the way fico 8 and 9 is calculated because inquiries and everything should be the same on my transunion and equifax. Any insight is appreciated.

Thanks in advance.

Re: Is my score really 800?

Medic981 — Wed, 03 Oct 2018 23:13:18 GMT

On September 11, 2018, your FICO 9 score based on Equifax Credit report was 800!

Re: Is my score really 800?

Anonymous — Thu, 04 Oct 2018 04:49:24 GMT

OP, if it says your FICO 9 score is 800, it's 800. You said your "credit is new" - can you quantify that?

It would be cool to hear some profile data from a "new" file that's able to obtain an 800 FICO 9 score.

Re: Is my score really 800?

Anonymous — Thu, 04 Oct 2018 15:42:15 GMT

Based on my experian updated two days ago I have,

2 percent utilization

average account age of 1 year and 2 months

oldest real account (not AU) 2 years 5 months

no baddies

Thank you guys for confirming my score is in fact 800, wasnt sure if I was looking at it right.

Im still curious why my fico 9 is higher than 8.

Re: Is my score really 800?

SouthJamaica — Fri, 05 Oct 2018 01:09:53 GMT

@Anonymous wrote:
Hi all,
So as many of you know the penfed quarterly report came out with the updated fico score. Imagine my suprise when I see that I have a Fico 9 score of 800! I didnt think it was possible with my credit being new. I checked my Discover Fico 8 Transunion and it was 781. Is there a big diference the way fico 8 and 9 is calculated because inquiries and everything should be the same on my transunion and equifax. Any insight is appreciated.

Thanks in advance.

Yes your EQ FICO 9 score is really 800. FICO 9 and FICO 8 are computed differently. My FICO 9's are always higher. With some folks their FICO 8's are always higher.

Re: Is my score really 800?

SouthJamaica — Fri, 05 Oct 2018 01:11:25 GMT

@Anonymous wrote:
Based on my experian updated two days ago I have,
2 percent utilization
average account age of 1 year and 2 months
oldest real account (not AU) 2 years 5 months
no baddies

Thank you guys for confirming my score is in fact 800, wasnt sure if I was looking at it right.

Im still curious why my fico 9 is higher than 8.

Some possible differences between FICO 9 & FICO 8:
-paid collections not counted in 9
-unpaid collections given more weight in 9
-medical collections given less weight in 9
-rental history counted in 9
-recent inquiries given less weight in 9
-average age of accounts given less weight in 9
-no. of accts reporting balance given more weight in 9
-premium for open as opposed to closed installment loans reduced in 9
-installment balance to loan ratio given more weight in 9
-9 more sensitive to revolving utilization