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How sparsely used is FICO 9, compared to 8, at this time ?

its_all_a_joke
Established Member

How sparsely used is FICO 9, compared to 8, at this time ?

FICO 9 seems to be about 1-2% more generous on the scoring (at least for me).

 

EX: FICO 8 of 700, would be a FICO 9 of 707 or 714.

This is almost exactly 1-2% higher range, on all scoring variants, on all 3 of the agencies.

 

Is 8 going to be the most common for some time, or is it hitting a horizon?

6 REPLIES 6
Dumbee
Established Contributor

Re: How sparsely used is FICO 9, compared to 8, at this time ?

Nobody can accurately say when and/or if FICO 8 will sunset.

 

That being said, most lenders use FICO 8 rather than 9, as of now.


Smiley Embarassed
Personal/40.15K Biz/23K POT/17K
Message 2 of 7
BrutalBodyShots
Super Contributor

Re: How sparsely used is FICO 9, compared to 8, at this time ?

OP, keep in mind that many people see the opposite of what you do... that is, their Fico 8 scores run historically higher than their Fico 9s.  It all depends on profile. 

Message 3 of 7
LaHossBoss
Valued Contributor

Re: How sparsely used is FICO 9, compared to 8, at this time ?


@its_all_a_joke wrote:

FICO 9 seems to be about 1-2% more generous on the scoring (at least for me).

 

EX: FICO 8 of 700, would be a FICO 9 of 707 or 714.

This is almost exactly 1-2% higher range, on all scoring variants, on all 3 of the agencies.

 

Is 8 going to be the most common for some time, or is it hitting a horizon?


My F9s are higher *or* lower than my F8s, depending on bureau (see siggy). My SO's F9s are all lower than his F8s.

 

Remember, F9 also goes to 900, so the range is also a bit different.




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 4•21 | EQ [F8 651] [F9 645] [EQ5 678] [VS3 630] | TU [F8 713] [F9 684] [TU4 721] [VS3 639] | EX [F8 640] [F9 651] [EX2 655] [VS3 625]
Goal Score: 670 [X] TU


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 4•21 | EQ [F8 655] [F9 620] [EQ5 677] [VS3 627] | TU [F8 685] [F9 658] [TU4 639] [VS3 625] [VS4 666] | EX [F8 691] [F9 684] [EX2 658] [VS3 642]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge



Message 4 of 7
BrutalBodyShots
Super Contributor

Re: How sparsely used is FICO 9, compared to 8, at this time ?


@LaHossBoss wrote:

Remember, F9 also goes to 900, so the range is also a bit different.


Which 9 are you speaking of?  If you're talking Classic, it goes to 850 just like F8.  The enhanced versions for auto/bankcard to my knowledge are to 900 for both F8 and F9.

Message 5 of 7
LaHossBoss
Valued Contributor

Re: How sparsely used is FICO 9, compared to 8, at this time ?


@BrutalBodyShots wrote:

@LaHossBoss wrote:

Remember, F9 also goes to 900, so the range is also a bit different.


Which 9 are you speaking of?  If you're talking Classic, it goes to 850 just like F8.  The enhanced versions for auto/bankcard to my knowledge are to 900 for both F8 and F9.


The LaHossBoss is crazy 😜 9




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 4•21 | EQ [F8 651] [F9 645] [EQ5 678] [VS3 630] | TU [F8 713] [F9 684] [TU4 721] [VS3 639] | EX [F8 640] [F9 651] [EX2 655] [VS3 625]
Goal Score: 670 [X] TU


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 4•21 | EQ [F8 655] [F9 620] [EQ5 677] [VS3 627] | TU [F8 685] [F9 658] [TU4 639] [VS3 625] [VS4 666] | EX [F8 691] [F9 684] [EX2 658] [VS3 642]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge



Message 6 of 7
Birdman7
Super Contributor

Re: How sparsely used is FICO 9, compared to 8, at this time ?


@LaHossBoss wrote:

@BrutalBodyShots wrote:

@LaHossBoss wrote:

Remember, F9 also goes to 900, so the range is also a bit different.


Which 9 are you speaking of?  If you're talking Classic, it goes to 850 just like F8.  The enhanced versions for auto/bankcard to my knowledge are to 900 for both F8 and F9.


The LaHossBoss is crazy 😜 9


😂😂😂 yeah 9 seems to react differently to a lot of things. I think it's kind of weird, but most lenders still use 8 and we've got to see what happens with version 10. I think a lot of lenders may skip 9. 

yeah version 9 is just like 8 when it comes to scoring; it goes to 850 & the industry options go to 900, like @BrutalBodyShots said. 

-Community’s scoring wisdom: Scoring Primer.
-New: MORTGAGE SECTION.
-Negative Reason Codes: CassieCard’s Score Factors.
-Calculate metrics with ccquest’s Workbook.

Clean/Thick/Mature/No New Revolver - 8,9; Clean/Thick/Mature/No New Account - 5/4/2.
Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.



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(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 7 of 7
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