Biggest Difference In TU 04 and TU 98

Anonymous · ‎02-16-2010

I know no one really knows the exact difference between the two, but does anyone know or see things the may impact your TU 98 score to be higher or lower then TU 04? My TU 98 FICO is a 732, and I like that, but since the score matters to no one since 95% of lenders pull from TU 04, it really kind of sucks.

I don't want my TU FICO to go down when the 04 is pulled. If your CR is clean of any baddies and all the factors your FICO is just the basic formula like AAoA, length of history, UTIL and all that stuff, will it even change that much?

fused · ‎02-16-2010

From what I hear, TU 04 places a bit more weight on revolving utilization calculations and actual balances (amounts) owed. It seems more people are reporting their TU 04 score to be lower than their TU 98 score. Keep in mind others have reported the opposite. In my case, I wouldn't expect a big difference in my scores. My util is extremely low and all my debt amounts to $21. If there was a difference in my scores, I would expect my TU 04 to be a bit higher, again, because of low util and very little debt.

Anonymous · ‎02-17-2010

I'm not even going to pull the TU FICO anymore until we can pull the 04 because to me, its just a waste of money since no one even pulls the 98. IMHO its just as good as a FAKO score someone actually knows a lender that pulls 98, which I doubt anyone does.

Message Edited by Kylan1234 on 02-17-2010 07:20 AM

vanillabean · ‎10-03-2010

@fused wrote:
From what I hear, TU 04 places a bit more weight on revolving utilization calculations and actual balances (amounts) owed. It seems more people are reporting their TU 04 score to be lower than their TU 98 score. Keep in mind others have reported the opposite. In my case, I wouldn't expect a big difference in my scores. My util is extremely low and all my debt amounts to $21. If there was a difference in my scores, I would expect my TU 04 to be a bit higher, again, because of low util and very little debt.

My apologies for renewing this thread, but I have a question on TU 04's util vs debt.

The first statement on my newest card reported a balance, because my focus was the experience of how it would normally look. But because it's a signature card, its util is likely 100%, being the reported balance in percent of the high balance.

As the overall util is 1%, half a percent actually, I was wondering how TU 04 would handle such a situation.

The Long, Twisted History of Your Credit Score

AndySoCal · ‎10-04-2010

According to a an article that I read on Fox business per FICO thye are not using the high balance field if the credit limit is not reported. See link below

http://www.foxbusiness.com/personal-finance/2010/08/31/charge-card-balances-wont-impact-fico-credit-...

What I am referring is in paragraph three.

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vanillabean · ‎10-05-2010

Although a high balance may not be used in TU 04 in lieu of a credit limit, I suspect a reason code 10 (Proportion of balances to credit limits is too high on bank revolving or other revolving accounts) could still come into play.

The Long, Twisted History of Your Credit Score