topic Re: More scores from myFICO (aka best consumer friendly update EVER) in General Credit Topics

More scores from myFICO (aka best consumer friendly update EVER)

Revelate — Fri, 30 Jan 2015 20:26:51 GMT

Thank you thank you thank you thank you thank you!

Sample from the Experian section, Equifax is identical, Tranunion not available yet but promised. Available under additional or more scores depending where in the interace of the 3B view (and reportedly single report as well) interface.

ETA: if you're wondering what I'm making a fuss about, only one score of the common mortgage trifecta (those found on a tri-merge report on a mortgage app) was available to the general public, and auto enhanced scores were nowhere to be found other than on an auto loan application. Finally we know where we stand! Huge win for consumers.

Re: More scores from myFICO (aka best consumer friendly update EVER)

Anonymous — Fri, 30 Jan 2015 20:41:48 GMT

Maybe I'm missing something but where are these new scores being shown? Do you need to purchase a new report?

Re: More scores from myFICO (aka best consumer friendly update EVER)

Revelate — Fri, 30 Jan 2015 20:50:44 GMT

@Anonymous wrote:
Maybe I'm missing something but where are these new scores being shown? Do you need to purchase a new report?

Yeah, refresh of data only on new report.

Had to do that with my 3B monitoring, definitely the case in the single pull scenario; I've asked but not certain if the 3B monitoring will include regular updates to the additional scores... though that might be too much to ask. I know credit isn't life but I've been bitching at the FICO folks and lamenting to pretty much everyone here that the situation sucks, this seriously feels like Christmas morning in some respects for me. I know I'm abnormal in that .

Re: More scores from myFICO (aka best consumer friendly update EVER)

Anonymous — Fri, 30 Jan 2015 20:59:00 GMT

@Revelate wrote:
@Anonymous wrote:
Maybe I'm missing something but where are these new scores being shown? Do you need to purchase a new report?
Yeah, refresh of data only on new report.

Had to do that with my 3B monitoring, definitely the case in the single pull scenario; I've asked but not certain if the 3B monitoring will include regular updates to the additional scores... though that might be too much to ask. I know credit isn't life but I've been bitching at the FICO folks and lamenting to pretty much everyone here that the situation sucks, this seriously feels like Christmas morning in some respects for me. I know I'm abnormal in that .

Hey I'm with you. This is great news. Certainly addresses a lot of the complaints about what scores are provided here.

Re: More scores from myFICO (aka best consumer friendly update EVER)

Anonymous — Fri, 30 Jan 2015 21:16:31 GMT

Jut checked mine. Huge difference upwards for Bankcard and Auto scores from Version 2/5 to 8. Wonder when those will actually start to be used.

Re: More scores from myFICO (aka best consumer friendly update EVER)

elim — Fri, 30 Jan 2015 21:13:52 GMT

holy cow thank you!!!

Re: More scores from myFICO (aka best consumer friendly update EVER)

Anonymous — Fri, 30 Jan 2015 21:49:33 GMT

Awesome update, can't see blowing another $60 when I already pay for the monitoring. If I was going for a home, maybe car loan would be worth it.

Re: More scores from myFICO (aka best consumer friendly update EVER)

Revelate — Fri, 30 Jan 2015 22:00:27 GMT

@Anonymous wrote:
Awesome update, can't see blowing another $60 when I already pay for the monitoring. If I was going for a home, maybe car loan would be worth it.

I agree; that's what I wanted them for - mortgage loan qualification. When I go auto shopping I'll get them too... or I may do a once annual pull like I used to on New Years Day after I've recovered sufficiently from the usual hangover. Actually we get one score report per year with the monitoring service, that's probably enough for me.

Irish: FICO 8 auto enhanced is already heavily used in the auto industry as I understand it, and also is the dominant Bankcard enhanced pull. Not worried about those two especially much; fact is it's the GSE's that are way behind in mortgage land that'll take forever to update.

Did confirm the monitoring doesn't get updated, and the scores can't be used in the simulator unfortunately (likely only tuned for the classic version) but this is way ahead of where we were at this time yesterday... so it's still utterly awesome. Course now I have to go update the darned FICO editions post, grrr. May rewrite it with a different format with all the new information that's available, weekend project to be sure.

Re: More scores from myFICO (aka best consumer friendly update EVER)

ddemari — Fri, 30 Jan 2015 23:37:35 GMT

So i updated and paid 24 95 from 19 95 tonl get additonal scores which will not update? When u purchase a new report, will they update?

Re: More scores from myFICO (aka best consumer friendly update EVER)

HiLine — Fri, 30 Jan 2015 23:40:26 GMT

Holy guacamole.

I've been waiting for this day for the past 2 years and 4 months since I joined this forum. I'm overcome with emotion. I want to cry. Tears of joy, of course.

Re: More scores from myFICO (aka best consumer friendly update EVER)

Anonymous — Sat, 31 Jan 2015 00:01:54 GMT

@ddemari wrote:
So i updated and paid 24 95 from 19 95 tonl get additonal scores which will not update? When u purchase a new report, will they update?

I would assume and hope that if you did purchase a new report the other score would update accordingly. If not, sorta useless.

Re: More scores from myFICO (aka best consumer friendly update EVER)

Imperfectfuture — Sat, 31 Jan 2015 00:43:53 GMT

@Revelate wrote:
@Anonymous wrote:
Awesome update, can't see blowing another $60 when I already pay for the monitoring. If I was going for a home, maybe car loan would be worth it.
I agree; that's what I wanted them for - mortgage loan qualification. When I go auto shopping I'll get them too... or I may do a once annual pull like I used to on New Years Day after I've recovered sufficiently from the usual hangover. Actually we get one score report per year with the monitoring service, that's probably enough for me.

Irish: FICO 8 auto enhanced is already heavily used in the auto industry as I understand it, and also is the dominant Bankcard enhanced pull. Not worried about those two especially much; fact is it's the GSE's that are way behind in mortgage land that'll take forever to update.

Did confirm the monitoring doesn't get updated, and the scores can't be used in the simulator unfortunately (likely only tuned for the classic version) but this is way ahead of where we were at this time yesterday... so it's still utterly awesome. Course now I have to go update the darned FICO editions post, grrr. May rewrite it with a different format with all the new information that's available, weekend project to be sure.

I definitely like this idea. Have a night of brandy, pull the reports, then do the annual apping.

Re: More scores from myFICO (aka best consumer friendly update EVER)

ddemari — Sat, 31 Jan 2015 01:20:58 GMT

When it shows u the fico 05 auto and bank card scores and says previously used, that means its not the norm? Of

course my 05 scores are 80 points higher than 08

Re: More scores from myFICO (aka best consumer friendly update EVER)

Revelate — Sat, 31 Jan 2015 02:16:02 GMT

@ddemari wrote:
When it shows u the fico 05 auto and bank card scores and says previously used, that means its not the norm? Of
course my 05 scores are 80 points higher than 08

Most of the credit card issuers and auto loan originators are already on the FICO 8 models I think, though it's handy to have the older ones if not. Any idea why your score is so far off? Only time I've really seen that is when someone doesn't have open credit cards.

Also the scores do refresh if you purchase an updated report; they do not refresh during the course of the monitoring.

Re: More scores from myFICO (aka best consumer friendly update EVER)

ddemari — Sat, 31 Jan 2015 02:24:40 GMT

@Revelate wrote:
@ddemari wrote:
When it shows u the fico 05 auto and bank card scores and says previously used, that means its not the norm? Of
course my 05 scores are 80 points higher than 08
Most of the credit card issuers and auto loan originators are already on the FICO 8 models. Any idea why your score is so far off? Only time I've really seen that is when someone doesn't have open credit cards.

Also the scores do refresh if you purchase an updated report; they do not refresh during the course of the monitoring.

I know the lenders choose 08 fico models for most their products, I just like having the having the other scores available. Usually my bankcard scores are higher and its nice to see that higher score when you are gardening for a while. I have a lot of new new cards on my report, which I thought 04 was harder againist. My AAOA is 4 years, credit history 12 years, 24 credit cards, 14% uti ( even when I had a uti of 2% my 04 scores are way higher than 08) I have a paid charge off from 2010 and unpaid one from 2008 about to fall off. I also have 14 tradelines in student loans from usgov/salliemae all about a year into repayment and I am aggressively getting the balances down so its noit super high. Maybe one of the versions weighed student loans differently?

Thanks for your reply and info!

Re: More scores from myFICO (aka best consumer friendly update EVER)

Revelate — Sat, 31 Jan 2015 03:25:44 GMT

@ddemari wrote:
@Revelate wrote:
@ddemari wrote:
When it shows u the fico 05 auto and bank card scores and says previously used, that means its not the norm? Of
course my 05 scores are 80 points higher than 08
Most of the credit card issuers and auto loan originators are already on the FICO 8 models. Any idea why your score is so far off? Only time I've really seen that is when someone doesn't have open credit cards.

Also the scores do refresh if you purchase an updated report; they do not refresh during the course of the monitoring.
I know the lenders choose 08 fico models for most their products, I just like having the having the other scores available. Usually my bankcard scores are higher and its nice to see that higher score when you are gardening for a while. I have a lot of new new cards on my report, which I thought 04 was harder againist. My AAOA is 4 years, credit history 12 years, 24 credit cards, 14% uti ( even when I had a uti of 2% my 04 scores are way higher than 08) I have a paid charge off from 2010 and unpaid one from 2008 about to fall off. I also have 14 tradelines in student loans from usgov/salliemae all about a year into repayment and I am aggressively getting the balances down so its noit super high. Maybe one of the versions weighed student loans differently?

Thanks for your reply and info!

I think it's more likely that installment loans are weighted differently; I have the "The remaining balance on your mortgage or non-mortgage installment loans is too high" on some versions and not others - admittedly this is never higher than slot 3 (and some are slot 4) which we usually tell people not to focus much on as it's comparitively minor, but it's still interesting looking at the result codes as not all have that message... and EQ 04 flavors are complaining that I have a consumer finance account whereas it's nowhere to be found on my EX scores.

Presumably the now unnecessary Walmart card Wakeup for the SCT folks if that's the case. Could be my old Cashcall loan but that reports explicitly as Installment whereas the Wally card does have a retail tag (Type of loan: Charge Account rather than Credit Card as the rest of my cards are listed as). When TU becomes available I'll be able to see that explicitly as the Cashcall loan isn't reported there.

Re: More scores from myFICO (aka best consumer friendly update EVER)

Anonymous — Sat, 31 Jan 2015 03:51:30 GMT

Hey Revelate, any idea what you need to do to upgrade if you have the current 3B monitoring? Cancel then re subscribe ?

Re: More scores from myFICO (aka best consumer friendly update EVER)

Revelate — Sat, 31 Jan 2015 05:13:03 GMT

@Anonymous wrote:
Hey Revelate, any idea what you need to do to upgrade if you have the current 3B monitoring? Cancel then re subscribe ?

I simply got a 3B report. I don't know what the rest of the upgrade entails and why there is now a different price for it; it's probably cheaper if you plan to keep the service to simply pay the $41 or whatever for access (though you may want to wait till TU is there - I needed the data sooner for my potential mortgage shot) rather than unsubscribing and resubscribing.

I don't know how the grandfathering of pricing structure will work since it appears it's now more expensive to register at least in the FICO 3B score monitoring product, not certain if the Identity Ultimate changed or not.

Re: More scores from myFICO (aka best consumer friendly update EVER)

vanillabean — Sat, 31 Jan 2015 15:09:59 GMT

This is spectacular news all around. The timing works particularly well for me status-wise having completed an app spree on the heels of a new mortgage.

I’m missing three things from the 3B report. No negative factors listed for FICO 8 for any bureau whether in the 800s or not. No reason codes listed for mortgage scores in the 800s. And no single page lineup of accounts.

Re: More scores from myFICO (aka best consumer friendly update EVER)

android01 — Sat, 31 Jan 2015 16:24:39 GMT

Absolutely fantastic news!