@distantarray wrote:
TU08 is usually more friendly to small mistakes, and doesn't factor in collections under $100 due to a Hollywood Video class action incident where people with $5 late charges had a tough time trying to buy a house (most were falsely added after they went bankrupt), Fico04 is harsher on the client so most banks prefer to use one that will generate them a lower score so they can find any reason to charge you a subprime rate.
This is good info, thank you. The TU we get from QM, how relevant is that as far as what banks use?
- Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
- Starting total revolving credit: $1100 | Current total revolving credit: $36,700
- Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
| Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
| Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
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