How do i know who uses what scoring system

[Anonymous]

When i went to the bank they pulled my credit score I was a 575. This was last month.

When i looked at fico08 i was in the 400's now they're 489,489, and 520, So out of curiosity I signed up for transunion and pulled my Vantage scores they are all 665 or better but below 700,

So i asked the credit union what scoring system do the use. She couldnt tell me.

So how would I know? it's either i lost 100 point or gained 100 points..........

This has me more confused than ever.  as I'm looking to finace through them in the spring....So i want the best possible score. why do they insist on making it so difficult.

[Rebuilding69]

If you talked to the general csr up front, they wont know. If you talked to a person in the actual dept for what you are applying for, I dont know what to say, as they should definitely know what model scores they look at.

[Revelate]

If you optimize your file, you'll be good on any score card for the most part.  

For an individual lender figuring it out really means comparing with known scores, and beyond that it's pretty much a non-starter.  Sometimes if you get a letter you can get some indication if they say FICO and if they publish a range as older models had different ranges than FICO 8 where everything is one range.

FWIW most people don't know; I didn't find out my original starting score was EX Risk Model v2 until I went to work there and asked the product manager for the UW platform what scores we pulled haha.  That isn't something we socialize to the front line CSR's or even the UW department: they just get the score we're pulling and using that against our criteria.  They might know if they knew who to ask, but other than that, doubtful as they just don't need it for their job.

[Thomas_Thumb]

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@Anonymous wrote:

When i went to the bank they pulled my credit score I was a 575. This was last month.

When i looked at fico08 i was in the 400's now they're 489,489, and 520, So out of curiosity I signed up for transunion and pulled my Vantage scores they are all 665 or better but below 700,

So i asked the credit union what scoring system do the use. She couldnt tell me.

So how would I know? it's either i lost 100 point or gained 100 points..........

This has me more confused than ever.  as I'm looking to finace through them in the spring....So i want the best possible score. why do they insist on making it so difficult.

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Please note:

1) The TU VantageScore I pulled in June was version 2.0 with a scale from 501 to 990. So it would not be unexpected to be 100 points higher on this score.

2) CK reports VantageScore 3.0 which has a range of 300 to 850. It is quite interesting to note CK pulls from EQ and TU for their scores. (not sure wht TU direct is VS 2.0 but is was in June 2014 and still in June 2015).

3) There are also a variety of Fico scores so it is important to know the model and any benchmark scores associated with finance approval & interest rates.

[takeshi74]

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@Anonymous wrote:

When i looked at fico08 i was in the 400's now they're 489,489, and 520, So out of curiosity I signed up for transunion and pulled my Vantage scores they are all 665 or better but below 700,

So i asked the credit union what scoring system do the use. She couldnt tell me.

So how would I know? it's either i lost 100 point or gained 100 points..........

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Or they don't use FICO 8 or VantageScore.  Those aren't the only models used by creditors.  As suggested above, if you received a letter or other document with the score then see if it indicates the model used.  You could also try escalating to the appropriate party to see if you can find more info on the specific score that they use.

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@Anonymous wrote:

So i want the best possible score. 

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Definitely understandable but if you learn to assess your reports you can improve your scores no matter what the model.  Good reports will lead to good scores.  Here's a starting point.  It doesn't cover everything.  It's just a starting point.

http://www.myfico.com/crediteducation/whatsinyourscore.aspx

Start with the biggest slices first.  If you have any derogs then they're probably killing your Payment History.  If so, hit Rebuilding and see what you can do to address them.  Revolving utilization is another common issue and it impacts Amounts Owed.  If so, get your utilization in check.