About what is the variation between TU04 and TU98

[lpayton]

I just checked my scores and have had HUGE increases...Transunion is showing at a 648 here.  Anyone know aproximately how much difference in points between a tu04 and a tu98? Roughly?

[haulingthescoreup]

Where did you find your TU04 score? 

Sorry, I think I misread your post.

Are you saying that you've had a big jump in your (known) TU98, and now you're trying to guesstimate your new TU04?

[lpayton]

i didnt, thats what I am asking...my score here on my fico went up to a 648, I am wondering approximately how much different it would be through tu04.  Because that is the program my lender uses.

[lpayton]

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@haulingthescoreup wrote:

Where did you find your TU04 score? 

Sorry, I think I misread your post.

Are you saying that you've had a big jump in your (known) TU98, and now you're trying to guesstimate your new TU04?

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yes, precisely

[haulingthescoreup]

Wish I had an answer, but it seems pretty variable, including whether it's higher or lower.

On your 8/31 score pull in your siggy, was that just on the EX, or for all three, presumably including a TU04? If so, do you know what your TU98 was at that time?

[GregB]

It should be the same within 100 points - higher OR lower.

Seriously, it doesn't work that way. Different algorithm based upon the same data. I think it is safe to say that the algorithm is far more similar than different.

Most, but not all, changes that improve TU 98 would improve TU 04.

I think it would be safe to say that a lowering of revolving util would increase both.

[lpayton]

Hauling,

The Experian score is a TU04 score, (from 8/31)  it was from Quicken...and a pull from Wells Fargo it was the same.  I have no idea what the experian score with a TU98 is/was.  

All I know, is that before this huge increase on MyFico, my Transunion score was a 612(TU98)...and through wells fargo it was a 580(TU04).  That was 4 days ago.  I have just had almost a 30 point increase on MyFico (a new credit card posted) so I am wondering how much my TU04 increased too.  I need a 600 at Wells Fargo to use my VA loan. 

I am starting to confuse myself lmao

[GregB]

The 3 CRAs are Experian, Transunion, and Equifax. Experian does not offer a Transunion score such as TU FICO Classic 04, which you are calling TU04. For the same reason there is no Experian TU98 score either.

A typical mortgage application will require scores from all three CRAs. Virtually all pull EQ Beacon 5.0, the exact version you get here for your EQ FICO. They pull TU FICO Classic 04, a later version of the TU FICO Classic 98 you get here. They pull EX Fair Issac v2, the version that you could get here up to a couple years ago.

What was the change that made your TU 98 score increase?

[lpayton]

I previously had no debt reporting, i.e. no credit cards, no car loans etc. of any kind.  I recently applied and was approved for a HSBC credit card, which began reporting sometime within the last 4 days.  The score Wells Fargo just gave me for Transunion was 580, on the 19th (before new credit card posted), here on the 19th it was a 612 (before credit card posted).  I just got a score alert today from MyFico, and my transunion has gone up to a 647 (new credit card now posted).  I am curious roughly what Wells Fargo's went up to...since they are using a TU04. 

[lpayton]

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@GregB wrote:

The 3 CRAs are Experian, Transunion, and Equifax. Experian does not offer a Transunion score such as TU FICO Classic 04, which you are calling TU04. For the same reason there is no Experian TU98 score either.

A typical mortgage application will require scores from all three CRAs. Virtually all pull EQ Beacon 5.0, the exact version you get here for your EQ FICO. They pull TU FICO Classic 04, a later version of the TU FICO Classic 98 you get here. They pull EX Fair Issac v2, the version that you could get here up to a couple years ago.

What was the change that made your TU 98 score increase?

I see.  So the Tu98/04 are just Transunion scoring models...got it.  That makes sense.  Thank you for clarifying this!!

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