Bureau Score Cards

Anonymous · ‎10-10-2020

I learned this morning that there is the existence of "Credit Bureau Score Cards" and that each bureau has ten. My understanding is each card reflects what's currently on your credit report, positive and negative. Does anyone have any insight into this?

AllZero · ‎10-10-2020

@Anonymous Go to message one of the below thread. It has a lot of information on scorecards.

I would recommend reading the below from Birdman7
General Scoring Primer and Version 8 Master Thread rev.5.17.20

Slabenstein · ‎10-10-2020

Scorecards are different versions of the FICO algorithm for a particular model that weight what is in your report a little differently depending on the presence or absence of certain factors. FICO8 has 12 scorecards. Things like whether you have a 60d or public record, how recently you opened a revolving account, and how many accounts you have can segment you into one or another scorecard. Check out these threads for more info:

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/General-Scoring-Primer-and-Version-8-Mas...

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/SCORECARDS/m-p/4359411

Anonymous · ‎10-10-2020

Thank you for the quick responses and I look forward to researching this further!

Anonymous · ‎10-16-2020

@Slabenstein wrote:
Scorecards are different versions of the FICO algorithm for a particular model that weight what is in your report a little differently depending on the presence or absence of certain factors. FICO8 has 12 scorecards. Things like whether you have a 60d or public record, how recently you opened a revolving account, and how many accounts you have can segment you into one or another scorecard. Check out these threads for more info:

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/General-Scoring-Primer-and-Version-8-Mas...

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/SCORECARDS/m-p/4359411

@Slabenstein Well said, but those two words should be transposed. Releases of the algorithm are called versions and the different scorecards could be considered different models of that version.