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Can someone explain the differences between Bankcard 8 and 9 scores? Large difference between them.

Greenivy
New Contributor

Can someone explain the differences between Bankcard 8 and 9 scores? Large difference between them.

I am at a loss as to why I would have almost a 75 point difference between my FICO 8 and FICO 9 Bankcard scores.  Mainly concerned about TU and EX.  Why would these be so far off??

 

Bankcard:

Fico 8 EQ 597  TU 615      EX 600

Fico 9 EQ 574  TU 540      EX 535

Message 1 of 8
7 REPLIES 7
SouthJamaica
Mega Contributor

Re: Can someone explain the differences between Bankcard 8 and 9 scores? Large difference between th


@Greenivy wrote:

I am at a loss as to why I would have almost a 75 point difference between my FICO 8 and FICO 9 Bankcard scores.  Mainly concerned about TU and EX.  Why would these be so far off??

 

Bankcard:

Fico 8 EQ 597  TU 615      EX 600

Fico 9 EQ 574  TU 540      EX 535


 

Possible differences between FICO 9 & FICO 8:
-paid collections not counted in 9
-unpaid collections given more weight in 9
-medical collections given less weight in 9
-rental history counted in 9
-recent inquiries given less weight in 9
-average age of accounts given less weight in 9
-no. of accts reporting balance given more weight in 9
-premium for open as opposed to closed installment loans reduced in 9
-installment loan utilization percentage given more weight in 9
-9 more sensitive to revolving utilization
-9 has a separate clean scorecard for people with high revolving utilization


Total revolving limits 749700 (631200 reporting) FICO 8: EQ 698 TU 711 EX 678

Message 2 of 8
Greenivy
New Contributor

Re: Can someone explain the differences between Bankcard 8 and 9 scores? Large difference between th


@SouthJamaica wrote:

@Greenivy wrote:

I am at a loss as to why I would have almost a 75 point difference between my FICO 8 and FICO 9 Bankcard scores.  Mainly concerned about TU and EX.  Why would these be so far off??

 

Bankcard:

Fico 8 EQ 597  TU 615      EX 600

Fico 9 EQ 574  TU 540      EX 535


 

Possible differences between FICO 9 & FICO 8:
-paid collections not counted in 9
-unpaid collections given more weight in 9
-medical collections given less weight in 9
-rental history counted in 9
-recent inquiries given less weight in 9
-average age of accounts given less weight in 9
-no. of accts reporting balance given more weight in 9
-premium for open as opposed to closed installment loans reduced in 9
-installment loan utilization percentage given more weight in 9
-9 more sensitive to revolving utilization
-9 has a separate clean scorecard for people with high revolving utilization


Thank you for this.  Based in most if the items in this list, I would actually expect my FICO 9BC to be higher than FICO 8BC 

Message 3 of 8
SouthJamaica
Mega Contributor

Re: Can someone explain the differences between Bankcard 8 and 9 scores? Large difference between th


@Greenivy wrote:

@SouthJamaica wrote:

@Greenivy wrote:

I am at a loss as to why I would have almost a 75 point difference between my FICO 8 and FICO 9 Bankcard scores.  Mainly concerned about TU and EX.  Why would these be so far off??

 

Bankcard:

Fico 8 EQ 597  TU 615      EX 600

Fico 9 EQ 574  TU 540      EX 535


 

Possible differences between FICO 9 & FICO 8:
-paid collections not counted in 9
-unpaid collections given more weight in 9
-medical collections given less weight in 9
-rental history counted in 9
-recent inquiries given less weight in 9
-average age of accounts given less weight in 9
-no. of accts reporting balance given more weight in 9
-premium for open as opposed to closed installment loans reduced in 9
-installment loan utilization percentage given more weight in 9
-9 more sensitive to revolving utilization
-9 has a separate clean scorecard for people with high revolving utilization


Thank you for this.  Based in most if the items in this list, I would actually expect my FICO 9BC to be higher than FICO 8BC 


Sorry, I guess it must be something else.


Total revolving limits 749700 (631200 reporting) FICO 8: EQ 698 TU 711 EX 678

Message 4 of 8
Thomas_Thumb
Senior Contributor

Re: Can someone explain the differences between Bankcard 8 and 9 scores? Large difference between th


@Greenivy wrote:

@SouthJamaica wrote:

@Greenivy wrote:

I am at a loss as to why I would have almost a 75 point difference between my FICO 8 and FICO 9 Bankcard scores.  Mainly concerned about TU and EX.  Why would these be so far off??

 

Bankcard:

Fico 8 EQ 597  TU 615      EX 600

Fico 9 EQ 574  TU 540      EX 535


 

Possible differences between FICO 9 & FICO 8:
-paid collections not counted in 9
-unpaid collections given more weight in 9
-medical collections given less weight in 9
-rental history counted in 9
-recent inquiries given less weight in 9
-average age of accounts given less weight in 9
-no. of accts reporting balance given more weight in 9
-premium for open as opposed to closed installment loans reduced in 9
-installment loan utilization percentage given more weight in 9
-9 more sensitive to revolving utilization
-9 has a separate clean scorecard for people with high revolving utilization


Thank you for this.  Based in most if the items in this list, I would actually expect my FICO 9BC to be higher than FICO 8BC 


Do you have a small $ collection that shows up on TU and EX but not EQ? If so, that could help explain the 65 to 75 point drop on TU and EX compared with the 23 point drop on EQ. I suspect multiple late payments might have a greater impact on BC9 as well.

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 5 of 8
Greenivy
New Contributor

Re: Can someone explain the differences between Bankcard 8 and 9 scores? Large difference between th


@Thomas_Thumb wrote:

@Greenivy wrote:

@SouthJamaica wrote:

@Greenivy wrote:

I am at a loss as to why I would have almost a 75 point difference between my FICO 8 and FICO 9 Bankcard scores.  Mainly concerned about TU and EX.  Why would these be so far off??

 

Bankcard:

Fico 8 EQ 597  TU 615      EX 600

Fico 9 EQ 574  TU 540      EX 535


 

Possible differences between FICO 9 & FICO 8:
-paid collections not counted in 9
-unpaid collections given more weight in 9
-medical collections given less weight in 9
-rental history counted in 9
-recent inquiries given less weight in 9
-average age of accounts given less weight in 9
-no. of accts reporting balance given more weight in 9
-premium for open as opposed to closed installment loans reduced in 9
-installment loan utilization percentage given more weight in 9
-9 more sensitive to revolving utilization
-9 has a separate clean scorecard for people with high revolving utilization


Thank you for this.  Based in most if the items in this list, I would actually expect my FICO 9BC to be higher than FICO 8BC 


Do you have a small $ collection that shows up on TU and EX but not EQ? If so, that could help explain the 65 to 75 point drop on TU and EX compared with the 23 point drop on EQ. I suspect multiple late payments might have a greater impact on BC9 as well.


Actually my 3 paid medical collections are on TU and EQ and not EX.  Its so frustrating.  I guess I need to always monitor these FICO 9 scores since it seems they are being used more frequently these days.

Message 6 of 8
Thomas_Thumb
Senior Contributor

Re: Can someone explain the differences between Bankcard 8 and 9 scores? Large difference between th

So, no small $ unpaid collections? It is small unpaid that cause a penalty on Fico 9 but might be ignored on Fico 8 if less than $100. Even if they have been paid, they may not always show up as such if there is a delay or issue in reporting. Also, what do you have for late payments?

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 7 of 8
Greenivy
New Contributor

Re: Can someone explain the differences between Bankcard 8 and 9 scores? Large difference between th


@Thomas_Thumb wrote:

So, no small $ unpaid collections? It is small unpaid that cause a penalty on Fico 9 but might be ignored on Fico 8 if less than $100. Even if they have been paid, they may not always show up as such if there is a delay or issue in reporting. Also, what do you have for late payments?


I definately have late payments...nothing recent but still within the 7 year window.  Maybe this accounts for the difference.

Message 8 of 8
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