More scores from myFICO (aka best consumer friendly update EVER)

[Anonymous]

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@ddemari wrote:
So i updated and paid 24 95 from 19 95 tonl get additonal scores which will not update? When u purchase a new report, will they update?

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I would assume and hope that if you did purchase a new report the other score would update accordingly.  If not, sorta useless.

[Imperfectfuture]

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@Revelate wrote:

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@TheGardner wrote:

Awesome update, can't see blowing another $60 when I already pay for the monitoring. If I was going for a home, maybe car loan would be worth it.

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I agree; that's what I wanted them for - mortgage loan qualification.  When I go auto shopping I'll get them too... or I may do a once annual pull like I used to on New Years Day after I've recovered sufficiently from the usual hangover.  Actually we get one score report per year with the monitoring service, that's probably enough for me.

Irish: FICO 8 auto enhanced is already heavily used in the auto industry as I understand it, and also is the dominant Bankcard enhanced pull.  Not worried about those two especially much; fact is it's the GSE's that are way behind in mortgage land that'll take forever to update.

Did confirm the monitoring doesn't get updated, and the scores can't be used in the simulator unfortunately (likely only tuned for the classic version) but this is way ahead of where we were at this time yesterday... so it's still utterly awesome.  Course now I have to go update the darned FICO editions post, grrr.  May rewrite it with a different format with all the new information that's available, weekend project to be sure.

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I definitely like this idea.  Have a night of brandy, pull the reports, then do the annual apping.

[ddemari]

When it shows u the fico 05 auto and bank card scores and says previously used, that means its not the norm? Of

course my 05 scores are 80 points higher than 08  

[Revelate]

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@ddemari wrote:

When it shows u the fico 05 auto and bank card scores and says previously used, that means its not the norm? Of

course my 05 scores are 80 points higher than 08  

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Most of the credit card issuers and auto loan originators are already on the FICO 8 models I think, though it's handy to have the older ones if not.  Any idea why your score is so far off?  Only time I've really seen that is when someone doesn't have open credit cards.

Also the scores do refresh if you purchase an updated report; they do not refresh during the course of the monitoring.

[ddemari]

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@Revelate wrote:

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@ddemari wrote:

When it shows u the fico 05 auto and bank card scores and says previously used, that means its not the norm? Of

course my 05 scores are 80 points higher than 08  

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Most of the credit card issuers and auto loan originators are already on the FICO 8 models.  Any idea why your score is so far off?  Only time I've really seen that is when someone doesn't have open credit cards.

Also the scores do refresh if you purchase an updated report; they do not refresh during the course of the monitoring.

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I know the lenders choose 08 fico models for most their products, I just like having the having the other scores available. Usually my bankcard scores are higher and its nice to see that higher score when you are gardening for a while. I have a lot of new new cards on my report, which I thought 04 was harder againist. My AAOA is 4 years, credit history 12 years, 24 credit cards, 14% uti ( even when I had a uti of 2% my 04 scores are way higher than 08) I have a paid charge off from 2010 and unpaid one from 2008 about to fall off. I also have 14 tradelines in student loans from usgov/salliemae all about a year into repayment and I am aggressively getting the balances down so its noit super high. Maybe one of the versions weighed student loans differently? 

Thanks for your reply and info!

[Revelate]

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@ddemari wrote:

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@Revelate wrote:

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@ddemari wrote:

When it shows u the fico 05 auto and bank card scores and says previously used, that means its not the norm? Of

course my 05 scores are 80 points higher than 08  

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Most of the credit card issuers and auto loan originators are already on the FICO 8 models.  Any idea why your score is so far off?  Only time I've really seen that is when someone doesn't have open credit cards.

Also the scores do refresh if you purchase an updated report; they do not refresh during the course of the monitoring.

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I know the lenders choose 08 fico models for most their products, I just like having the having the other scores available. Usually my bankcard scores are higher and its nice to see that higher score when you are gardening for a while. I have a lot of new new cards on my report, which I thought 04 was harder againist. My AAOA is 4 years, credit history 12 years, 24 credit cards, 14% uti ( even when I had a uti of 2% my 04 scores are way higher than 08) I have a paid charge off from 2010 and unpaid one from 2008 about to fall off. I also have 14 tradelines in student loans from usgov/salliemae all about a year into repayment and I am aggressively getting the balances down so its noit super high. Maybe one of the versions weighed student loans differently? 

Thanks for your reply and info!

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I think it's more likely that installment loans are weighted differently; I have the "The remaining balance on your mortgage or non-mortgage installment loans is too high" on some versions and not others - admittedly this is never higher than slot 3 (and some are slot 4) which we usually tell people not to focus much on as it's comparitively minor, but it's still interesting looking at the result codes as not all have that message... and EQ 04 flavors are complaining that I have a consumer finance account whereas it's nowhere to be found on my EX scores.

Presumably the now unnecessary Walmart card  Wakeup for the SCT folks if that's the case.  Could be my old Cashcall loan but that reports explicitly as Installment whereas the Wally card does have a retail tag (Type of loan: Charge Account rather than Credit Card as the rest of my cards are listed as).  When TU becomes available I'll be able to see that explicitly as the Cashcall loan isn't reported there.

[Anonymous]

Hey Revelate, any idea what you need to do to upgrade if you have the current 3B monitoring?  Cancel then re subscribe ?

[Revelate]

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@Anonymous wrote:

Hey Revelate, any idea what you need to do to upgrade if you have the current 3B monitoring?  Cancel then re subscribe ?

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I simply got a 3B report.  I don't know what the rest of the upgrade entails and why there is now a different price for it; it's probably cheaper if you plan to keep the service to simply pay the $41 or whatever for access (though you may want to wait till TU is there - I needed the data sooner for my potential mortgage shot) rather than unsubscribing and resubscribing.

I don't know how the grandfathering of pricing structure will work since it appears it's now more expensive to register at least in the FICO 3B score monitoring product, not certain if the Identity Ultimate changed or not.

[vanillabean]

This is spectacular news all around. The timing works particularly well for me status-wise having completed an app spree on the heels of a new mortgage.

I’m missing three things from the 3B report. No negative factors listed for FICO 8 for any bureau whether in the 800s or not. No reason codes listed for mortgage scores in the 800s. And no single page lineup of accounts.

[android01]

Absolutely fantastic news!