FICO "Classic" 08 Model??

gorgon · ‎11-17-2020

Was looking at rates for refinancing my vehicle loan and came across this in the fine print - "Minimum 670 credit score (TransUnion FICO Classic 08 model)."

Is that just the standard FICO 8? Why the 'Classic' notation?

OmarR · ‎11-17-2020

Wherever you were looking, they probably use the CLASSIC (standard, as you said) model, as opposed to AUTO, MORTGAGE, BANKCARD, etc. scores. Yes, there are multiple different "8" scores, as you may or may have not already known.

EQ=850 EX=845 TU=843 0/24 UTIL=$1 AZEO

USAA Limitless VISA (1.5% Everyday Non-category) $24,000

Paypal MC (2% Everyday Non-Category) $10,000

US Bank+ VISA (5% Dept Stores & Phone) $12,000

Fort Knox Credit Union VISA (5% Gas) $13,500

Vantage West VISA (5% Costco) $10,000 & (DW- 5% Utilities) $10,000

Chase Freedom VISA (5% Rotating Categories) $12,000

Discover IT (5% Rotating Categories) $10,500

Citi Dividend MC (5% Rotating Categories) $10,3000

Nusenda Platinum Rewards VISA (5% Rotating Categories) $13,900

SouthJamaica · ‎11-17-2020

@gorgon wrote:
Was looking at rates for refinancing my vehicle loan and came across this in the fine print - "Minimum 670 credit score (TransUnion FICO Classic 08 model)."

Is that just the standard FICO 8? Why the 'Classic' notation?

Yes, that is the term for the standard FICO 8... as opposed to the 'Industry Enhanced' models.

Unify FCU Platinum Visa Variable Rate 35k

TD Bank Business Solutions Visa (Bus) 25k

FNBO Evergreen Business Edition Visa (Bus) 20k

Liberty (formerly Evansville Teachers) FCU Platinum Prime Plus MC 15k

US Bank Triple Cash Rewards Visa (Bus) 12k

SEG-fenced credit union Platinum Visa 10500

Comenity AAA Travel Advantage Visa $6200

Members 1st FCU Low Rate Platinum Visa 5k

PLOC: Langley FCU 40k; Penfed CU 15k; NFCU 15k; Teachers FCU 15k; Affinity FCU 10k. BLOC: NFCU 5k

Total revolving limits 741200 (620700 reporting) FICO 8: EQ 703 TU 704 EX 691

Anonymous · ‎11-17-2020

"Classic Fico 8" is the real name, or sometimes "Score 8" is used. On this forum those words have been omitted for the most part since 99 out of 100 times when someone says "Fico 8" that is what they're referring to. It's definitely the most popular. Anyone that references a F8 score without anything else in front of it (BCE, auto) is definitely talking about their Classic 8 score.