topic Re: FICO versions in General Credit Topics

FICO versions

babbles — Mon, 02 Sep 2019 11:40:44 GMT

Just wondering, in looking at my MyFico scores, does anyone know what versions lenders use? Is it FICO 8 or the newer released versions 9 for the bankcard, auto, and I guess general and are those what is called the "enhanced scores?'" Thanks for any input!

Might have answered my own question, sorry

https://www.moneyunder30.com/fico-9

Re: FICO versions

Trudy — Mon, 02 Sep 2019 17:06:10 GMT

It depends on the lender. You can pretty much count on MTG lenders using the 5,4,2 scores that max at 850 (per the scale) listed as "widely used in mortgage lending" on your FICO report. CC's could be anything but there are bankcard scores. Many auto lenders use one of the auto enhanced scores. All of these can vary because they weigh things differently.

You can ask the lender which score they use before applying.

Re: FICO versions

M_Smart007 — Mon, 02 Sep 2019 17:53:38 GMT

@babbles wrote:
Just wondering, in looking at my MyFico scores, does anyone know what versions lenders use? Is it FICO 8 or the newer released versions 9 for the bankcard, auto, and I guess general and are those what is called the "enhanced scores?'" Thanks for any input!

Might have answered my own question, sorry

https://www.moneyunder30.com/fico-9

Hi babbles,

credit_is_crack has put together this most excellent thread, may be of some help?

https://ficoforums.myfico.com/t5/General-Credit-Topics/The-quot-Which-Banks-Pull-Which-Report-For-Apps-quot-list/m-p/5542910#M276042