topic Has FICO scoring changed? in Understanding FICO® Scoring

Has FICO scoring changed?

jackg — Thu, 10 Oct 2013 19:53:06 GMT

It's been about 5 years since I kept track of my FICO scores but today I decide to check them out for security purposes and make certain nothing funny was going on. Anyway, all is good but my scores are really low:

TU: 708

EQ: 680

EX: 711

My memory says my scores used to be in mid 700's, has something changed?

Re: Has FICO scoring changed?

llecs — Thu, 10 Oct 2013 21:07:18 GMT

The TU and EQ FICO versions have always been the same on here, or at least when I started here in 2007. The EX FICO version is different from before though. It was Fair Isaac Risk Model v2. EX did their thing and your EX FICO wasn't available for purchase for a long while. Now it's back under a new FICO8 version.

Re: Has FICO scoring changed?

jackg — Fri, 11 Oct 2013 17:39:20 GMT

Thanks for responding, it's appreciated.

Re: Has FICO scoring changed?

RobertEG — Wed, 16 Oct 2013 18:02:06 GMT

Fair \isaac can trim or modify their algorithms at will, so it is next to impossible to know if their scoring criteria have substantively changed.

One factor that I would assume is most likely updated on a regular basis is their categoriization, or "bucketing", of their scoring based on current peer group evaluation, which by definition changes over time based on current statistics.

Re: Has FICO scoring changed?

GFer — Thu, 17 Oct 2013 05:49:54 GMT

Just to clarify; rebucketing sets the stage for eventually reaching higher scores!

Re: Has FICO scoring changed?

GFer — Thu, 17 Oct 2013 05:51:14 GMT

Just to clarify; rebucketing sets the stage for eventually reaching higher scores! Rebucketing is when you are compared with files that are very similiar to yours.