A FICO that goes to 900 is a bankcard enhanced version of FICO.
@Jamielei24 wrote:thanks!! I had been reading through the thread. I did detemine that they used a bank enhanced. It's all still rather confusing to me. I get that's its really hard to figure out fico scoring. However my question is this: should I be pulling my experian report say once a month through myfico? If so is there a way to determine how it becomes "enhanced" from the score I get off myfico since the scale is higher? Or is that really the million dollar question?
More like a billion dollar question unfortunately. We can make some inferences vis a vis if you have no revolving tradelines your Bankcard Enhanced industry option (BC) will be lower than your baseline/classic score assuming you have some installment history on it to generate a score at all. Likewise we can theorize that lates on an auto loan might not hurt you as much as lates on a credit card as an example under a BC score, or a repossession might not hurt as much whereas a collection might hurt more. Tax liens as a further example might be the same on them all.
Beyond that we don't really know. If I pick up a FBNO card which provides an EX '08 BC score I may go do some testing for giggles, but realistically I don't really track it. For me the freebie FICO scores that I have access to are enough to give me a benchmark of how I'm doing, and beyond that I just focus on the report data on the assumption that a pretty report (or at least one with enough lipstick on it in my case haha) will result in a pretty score regardless of algorithm chosen.
