Glimpse inside FICO Credit Score Formula???

Aarvard · ‎11-09-2014

Hi,

I found this one on http://www.doughroller.net/credit/a-rare-glimpse-inside-the-fico-credit-score-formula/. Does it seem to be true?

03/25/2015 TU 08 765, EX 08 747, EQ 08 757, EQ 04 754.
01/30/2016 TU 08 775, EX 08 752, EQ 08 744
Goal: 780+ across all models.

Revelate · ‎11-09-2014

FICO published that several years ago; it can still be found on their information pages on this site.

While that is in general accurate, the formula is far more complicated. It's a useful educational insight as to what goes in and some of their relative weights (and is still used in some debates today, see the whole installment loan / mix of credit discussions) it isn't a complete picture.

MarineVietVet · ‎11-10-2014

@Revelate wrote:
FICO published that several years ago; it can still be found on their information pages on this site.

While that is in general accurate, the formula is far more complicated. It's a useful educational insight as to what goes in and some of their relative weights (and is still used in some debates today, see the whole installment loan / mix of credit discussions) it isn't a complete picture.

I agree. There is no way FICO would release their internal data.