topic Re: FICO score shock in Understanding FICO® Scoring

FICO score shock

Imhotrodcrazy — Wed, 14 Dec 2011 20:53:39 GMT

I just received my new AMEX BCE card in the mail today. I went through all of the paper work but could not find my credit score anywhere. So, I called Amex and asked if I could find out just for curiosity. When the lady told me what my score was I thought I heard her wrong and asked her to repeat it. She said that my EX FICO score was 834. She also commented that she hadn't personally seen a score that high. I must say that I was completely shocked, especially since I have never really tried to attain a score of 800. Anyway, I just wanted to share the good news with all of my Fico forum friends.

Re: FICO score shock

cashnocredit — Wed, 14 Dec 2011 21:05:04 GMT

@Imhotrodcrazy wrote:
I just received my new AMEX BCE card in the mail today. I went through all of the paper work but could not find my credit score anywhere. So, I called Amex and asked if I could find out just for curiosity. When the lady told me what my score was I thought I heard her wrong and asked her to repeat it. She said that my EX FICO score was 834. She also commented that she hadn't personally seen a score that high. I must say that I was completely shocked, especially since I have never really tried to attain a score of 800. Anyway, I just wanted to share the good news with all of my Fico forum friends.

Congratulations!

That is an exceptionally high score. Is your EX file different from your EQ or TU files?

Re: FICO score shock

Imhotrodcrazy — Wed, 14 Dec 2011 21:13:03 GMT

My TU an EQ files reflect a four year old civil judgment against me that I continue to fight, due to a contract dispute.

Re: FICO score shock

Anonymous — Wed, 14 Dec 2011 21:39:43 GMT

Congrats!

Re: FICO score shock

veracious — Wed, 14 Dec 2011 22:18:25 GMT

Congrats!! , hotrod.

Your'e my idol!

Re: FICO score shock

Anonymous — Wed, 14 Dec 2011 22:20:00 GMT

Awesome score!!

Re: FICO score shock

the_jan_b — Wed, 14 Dec 2011 22:36:48 GMT

WW!!!!

Re: FICO score shock

Anonymous — Thu, 15 Dec 2011 21:34:12 GMT

That is super!!!!

Congratulations!

Re: FICO score shock

Imhotrodcrazy — Fri, 16 Dec 2011 01:40:13 GMT

Thanks for all of your "congrats", it's appreciated. I am still stunned by the score. Guess it will take me a little time to come back down to earth.

Re: FICO score shock

Anonymous — Fri, 16 Dec 2011 01:48:16 GMT

Merry Christmas from the Fico Santa

Re: FICO score shock

awal — Fri, 16 Dec 2011 18:02:50 GMT

Congrats. You're in the 800 club.

Re: FICO score shock

Anonymous — Fri, 16 Dec 2011 23:01:27 GMT

@awal wrote:
Congrats. You're in the 800 club.

I will not consider myself in the 800 Club until all three of my FICO's are 800+ (that's just my humble opinion.)

But like I said in my earlier reply, an 834 EX FICO, is awesome, I hope to see my scores like that some day.

Re: FICO score shock

JeffS — Sun, 18 Dec 2011 01:42:54 GMT

I hate to be a Debbie Downer but are you sure that's not your consumer score? I went through this exact thing awhile back only to find out my lender score was right where I had thought, BAD, LOW, NOT GOOD ENOUGH! Hopefully, that is your lenders score and if so congrat's.

Re: FICO score shock

Anonymous — Sun, 18 Dec 2011 02:21:24 GMT

@JeffS wrote:
I hate to be a Debbie Downer but are you sure that's not your consumer score? I went through this exact thing awhile back only to find out my lender score was right where I had thought, BAD, LOW, NOT GOOD ENOUGH! Hopefully, that is your lenders score and if so congrat's.

HI Jeff and welcome to the forums.

I'm not sure what the difference is between a consumer score and a lender score.

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: FICO score shock

Anonymous — Sun, 18 Dec 2011 13:38:09 GMT

@Anonymous wrote:
@JeffS wrote:
I hate to be a Debbie Downer but are you sure that's not your consumer score? I went through this exact thing awhile back only to find out my lender score was right where I had thought, BAD, LOW, NOT GOOD ENOUGH! Hopefully, that is your lenders score and if so congrat's.

HI Jeff and welcome to the forums.

I'm not sure what the difference is between a consumer score and a lender score.

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".

Hey MVV, you think it's possible JeffS might be referring to (example) like how AmEx has their own internal scoring model? Say you have an 821 EX FICO, and then AmEx runs other factors on your reports through their own scoring model and may come up with a different score (not a FICO) rather AmEx's own scoring risk model score?

When AmeX provides you with your EX FICO, it is indeed your consumer FICO, AmEx will not send you the score they have come up with using their own internal scoring model.

I hope my info is correct and accurate, if not someone will chime in and clear it up.

Re: FICO score shock

Imhotrodcrazy — Sun, 18 Dec 2011 19:08:32 GMT

@JeffS wrote:
I hate to be a Debbie Downer but are you sure that's not your consumer score? I went through this exact thing awhile back only to find out my lender score was right where I had thought, BAD, LOW, NOT GOOD ENOUGH! Hopefully, that is your lenders score and if so congrat's.

All I can say is that the lady at AMEX stated to me that my EX Fico was 834. I have nothing in writing, only her word. I guess the only way to prove it further is to apply for another card, but I am not willing to do that since I don't need another card.

Re: FICO score shock

JeffS — Sun, 18 Dec 2011 19:43:41 GMT

Apparently, when you buy your scores on transunion it's much much higher than what fico or lenders see. I recently tried purchasing a home and found out the embarrassing way. My scores were only 615, 612, 610 through fico and my lenders score. I'm green to this whole credit thing anyway. I thought by paying cash for everything was the responsible thing to do but if you ever intend on getting a loan, it's not happening! I'm working hard to establish credit through the things I've learn from here. Credit Card, revolving line of credit and a installment loan, all advice from here has helped raise my score but time is the only thing now left to do. Never knew slow paying could harm your credit as bad as it does! Thanks!

Re: FICO score shock

Anonymous — Sun, 18 Dec 2011 19:53:51 GMT

@JeffS wrote:
Apparently, when you buy your scores on transunion it's much much higher than what fico or lenders see. I recently tried purchasing a home and found out the embarrassing way. My scores were only 615, 612, 610 through fico and my lenders score. I'm green to this whole credit thing anyway. I thought by paying cash for everything was the responsible thing to do but if you ever intend on getting a loan, it's not happening! I'm working hard to establish credit through the things I've learn from here. Credit Card, revolving line of credit and a installment loan, all advice from here has helped raise my score but time is the only thing now left to do. Never knew slow paying could harm your credit as bad as it does! Thanks!

You found out the hard way, just as I and many others have, that the scores from the TU site are not FICO scores. They are called VantageScores and although a few lenders are now using the VS it's not widespread.

Not only does the VS use different scoring formulas than FICO the score ranges are much different. VS goes from 501-990 whereas FICO ranges from 300-850.

Re: FICO score shock

Anonymous — Tue, 20 Dec 2011 15:48:44 GMT

Are you sure it was a "FICO" score?

Re: FICO score shock

Anonymous — Tue, 20 Dec 2011 20:48:14 GMT

As someone who had a FICO score shock recently congrats! Welcome to the club. My high scores are due to a credit card I never thought I had. When I opened my checking account with BoA in 2004 I didnt know they also gave me a credit card. Obviously never used it and it was closed by BoA in 2008 but it did wonders for my credit age and AAoA.

Always nice to be surprised by your score in a good way. Now if only we can buy Experian FICOs like we can for EQ and TU here I would be a happy camper. Really annoying to know I can't get my EX score.