How to figure out how much your fico 4 score will go up each time your fico 8 score goes up

[Anonymous]

Good Morning, Everyone,

 I have come to ask you a question to see if you can help me. I'm in a bad situation where I'm trying to sale my house as is because of it's bad condition and buy another home that is safer for my family.. The lender im using  had me do a couple of things to raise my credit score and we would wait 49 days to see if my fico 4 score number either reaches a 620 or 640 score. Now every where i go to see my free credit score uses the fico 8 score. which is a diffrent number.  from fico 4 . So let's say my fico 8 is a 630 across each credit company  what would my fico 4 score be? I cant pull my credit score each time my fico 8 score changes because it would hurt my  score. How do you calculate this or is there a way . If you can help me with this I would be very greatful. 

[Anonymous]

Pulling your own credit never hurts your score.

Since you are actively seeking a mortgage, I would recommend paying for the subscription here. Its $39.95 a month but it will give you your mortgage scores.

https://www.myfico.com/products/credit-reports-and-fico-scores

The models used for mortgages are a lot different than the ones generally used for cards. There isn't a reliable way to say "oh your FICO 8 score changed by x points, that means FICO 4 will gain y" so your best bet is to track it and check the forums here for tips on how to get the best mortgage FICOs.

[calyx]

I echo Saeren's sentiments.

Mortgage scores are a very different animal from the FICO8s.   The scoring algorithms used for those scores are older and weight factors differently than the current scoring systems.   For example:  I recently worked to make my mortgage score as perfect as possible (in this case, Experian FICO2) and it actually caused my FICO8 to drop a bit.   

I would suggest you look into AZEO if you have multiple credit cards (all at zero except one), which could have a huge impact for you.   Definitely look around this forum and learn about mortgage scores (and FICO in general).   And I would also suggest paying to get all of your scores from MyFico.   

Pay close attention to the negative reason codes, too.  If there is something within your power or control to fix, work to make it better.

[Anonymous]

If I pay My Fico to see my 3  Fico credit scores want this show up as a hard inquiry and lower my score?

[Revelate]

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@Anonymous wrote:

If I pay My Fico to see my 3  Fico credit scores want this show up as a hard inquiry and lower my score?

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No, it counts as you pulling your own credit report; that is not a hard inquiry: soft inquiry by design.

[HeavenOhio]

Welcome, @Anonymous.

It hurts your score when a lender pulls your reports. When you pull your own credit, you're the only one who knows. Given that, it's nice not to have your lender pull reports/scores until it's absolutely necessary. In the short term, you can pay myFICO and simply report what you see to the lender.

If you can swing it, leave a small positive balance on one card (at least $5 but not much more). The rest of your cards should report zero. That will give you your best possible scores. The small balance should be on a major revolver (Mastercard, Visa, Discover, or an AMEX revolver) rather than a store card or a charge card.

If you need more information on how to report a single small balance, let us know, and one of us can get into more detail. Or if you have balances that can be brought down — but not necessarily to a tiny amount — we can help with that too. For that, we'd need a list of your cards, their balances, and their limits — along with the amount of money you expect to be able to pay.

[Anonymous]

bsnead Welcome. These members are giving you great advice.

Also, the card you leave a balance on should have a CL of <26K.