Say hello to Fico scoring model # 50 Fico 09

myjourney · ‎03-11-2014

http://blog.credit.com/2014/03/a-new-fico-credit-score-is-on-its-way-77805/?utm_source=newsletter&ut...

Wish we knew more about what it takes into consideration to come up with a score :-(

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?

cjc343 · ‎03-11-2014

While you're at it, don't forget to say hi to #51-61 too (assuming 4 score models x 3 bureaus).

Transmogrifying_Bee · ‎03-11-2014

OOPS! I just posted the same LINK under the myFICO Product Feedback section! Although I guess this topic sorta belongs in both sections, to be on the safe side!

FICO Score 8: EQ 823 EX 817 TU 825 **** VantageScore 4.0: 825 **** VantageScore 3.0: EQ 823 EX 826 TU 825
TOTAL CL (6 cards): $141.0K **** INQUIRIES 2 yrs (1 yr): EQ 0(1) EX 0(0) TU 0(0) **** UTILIZ: 1 % **** GOAL: FICO Score 8: 840+
r>

>
Amex BCE 30K || NASA FCU Rewards Visa 30K || Chase Sapphire Visa Signature 21.5K || PayPal Extras MC 20K
CITI Diamond Preferred MC 25.0K || Discover it 14.5K **** CLOSED 7 cards **** GARDENING since 9-26-2014

Revelate · ‎03-12-2014

@Transmogrifying_Bee wrote:
OOPS! I just posted the same LINK under the myFICO Product Feedback section! Although I guess this topic sorta belongs in both sections, to be on the safe side!

Grin, I whacked it: the Product Feedback is more for myFICO products (Scorewatch / etc.) rather than FICO the 800 pound gorilla's scoring models.

It will be a while before anything is underwritten with the new model, nobody will switch to it overnight.