No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I have the same question. I just had a lender pull my score and they used Transunion Classic 04 which was over a 60 point difference, not in my favor.
@09Lexie wrote:
They are all accurate. TU98 is an older version than TU08, for instance. Different lenders can or may use one of several versions of scores. How are they different?
FICO 08 is more forgiving of consumers with a couple of late payments but not repeat offenders.
More weight given to consumers with a mix of credit types
Increased protection for lenders from AUs abuse while still recognizing legitimate AUs
Consumers who utilize a high percentage of their rev balance are penalized to a greater extent.
Classic 04 are not available to consumers and are generally for mortgage lending.
Do you know if the classic 04 is still heavily used in the auto industry? Or have the auto lenders moved on to 08?