topic Re: myFICO vs WaMu FICO in General Credit Topics

myFICO vs WaMu FICO

UpNComing — Tue, 06 May 2008 16:50:15 GMT

myFICO has my TU FICO at 669 and WaMu has my TU FICO at 684. Anyone run into this? WaMu claims to be FICO, or is it Fako?

Re: myFICO vs WaMu FICO

Anonymous — Tue, 06 May 2008 16:53:05 GMT

UpNComing wrote:

myFICO has my TU FICO at 669 and WaMu has my TU FICO at 684. Anyone run into this? WaMu claims to be FICO, or is it Fako?

The score you get with WaMu is a FICO, but it's a bankcard-enhanced FICO. With this score, your credit card accounts are weighted more heavily than they are in the Classic FICO scores you can get at myFICO.

Re: myFICO vs WaMu FICO

UpNComing — Tue, 06 May 2008 16:58:13 GMT

So in other words, my credit card credit is the best part of my FICO?

Re: myFICO vs WaMu FICO

Anonymous — Tue, 06 May 2008 17:00:40 GMT

UpNComing wrote:

So in other words, my credit card credit is the best part of my FICO?

Maybe. It could also mean that you don't have much going on on your reports other than credit cards.

It's also not possible to do a direct comparison because Classic FICOs run 300-850 while bankcard-enhanced FICOs run 250-900.

Message Edited by cheddar on 05-06-2008 10:00 AM

Re: myFICO vs WaMu FICO

UpNComing — Tue, 06 May 2008 17:08:05 GMT

The latter sounds more likely I think. I have a mortgage and two autos as well.

Re: myFICO vs WaMu FICO

Anonymous — Tue, 06 May 2008 17:11:59 GMT

its kinda like when you go to a car dealership. they are fico but they will usually give you your auto fico which just means your auto stuff is just weighed more heavily

Re: myFICO vs WaMu FICO

UpNComing — Tue, 06 May 2008 17:27:22 GMT

ruggiero06 wrote:
its kinda like when you go to a car dealership. they are fico but they will usually give you your auto fico which just means your auto stuff is just weighed more heavily

Funny you say that. I'm the GSM at a car dealership.

Re: myFICO vs WaMu FICO

Anonymous — Tue, 06 May 2008 17:55:47 GMT

oh really...what kinda dealership... i work at a Volkswagen dealership

Re: myFICO vs WaMu FICO

UpNComing — Tue, 06 May 2008 18:19:40 GMT

ruggiero06 wrote:
oh really...what kinda dealership... i work at a Volkswagen dealership

Me too. Thats funny. VW, Pontiac, Buick, GMC and Infiniti. What do you do? What state?