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FICO & PFICO WaMu Score - What Accounts for the Differences

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Anonymous
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FICO & PFICO WaMu Score - What Accounts for the Differences

My TU FICO is 634 and my WaMu PFICO is 589. The negative factors  are the same on each: (Serious delinquency or derogatory indicators/remarks, and public record or collection information is being reported on your credit file) and (The proportion of balances to credit limits on your revolving/charge accounts is too high).

 

What else attributes to such a major difference? Which one should I focus on more (which one is used by businesses)?

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oracles
Valued Contributor

Re: FICO & PFICO WaMu Score - What Accounts for the Differences

Hi Purple

 

The TU fico is used considerably more by businesses, so good thing for you since your TU is higher.

 

The pfico is more of an enhanced credit card fico score. Therefore if you have some baddies pertaining to credit cards, than you will experience a lower pfico score. It counts credit card accounts more than other accounts. (ie. Mortgages, loans, and auto)

 

Continue to do what you have been doing and your TU fico will continue to rise.

 

Hope this helps

Message Edited by oracles on 02-16-2009 01:45 AM
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oracles
Valued Contributor

Re: FICO & PFICO WaMu Score - What Accounts for the Differences

Hi Purple

 

The TU fico is used considerably more by businesses, so good thing for you since your TU is higher.

 

The pfico is more of an enhanced credit card fico score. Therefore if you have some baddies pertaining to credit cards, than you will experience a lower pfico score. It counts credit card accounts more than other accounts. (ie. Mortgages, loans, and auto)

 

Continue to do what you have been doing and your TU fico will continue to rise.

 

Hope this helps

Message Edited by oracles on 02-16-2009 01:45 AM
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Anonymous
Not applicable

Re: FICO & PFICO WaMu Score - What Accounts for the Differences

Thanks Oracles.  Most members seem to report their PFico is higher.  Leave it to me to be the exception lol.
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oracles
Valued Contributor

Re: FICO & PFICO WaMu Score - What Accounts for the Differences

Actually that is good for you because most lenders used the classic TU fico score and not the Pfico score.

 

Its all a mute point anyway since we will not be able to see it anymore.

 

First the Pfico score lost, now the Experian score lost, i hope nothing is next.

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