How to simulate "Classic FICO Scores (FICO Score 5, 4 and 2)

[Anonymous]

All the simulators (myFico, credit Karma, the individual reporting bureaus) all onlyoffer a Fico Score 8 simulator, which no one actually uses.  How do I simulate the model for the classic scores that mortgage lenders use? Can I just add the # of points from Fico 8 simulator to the classic score?  Or maybe a % increase? I.e. a 10 Point jump on a Fico Score 8 of 750 is only a 9 point jump on a Fico Classic 2 score of 711?

Also, how can I look at my historical fico scores from before I signed up for the paid service? surely they are kept in a database somewhere.

[TheKid2]

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@Anonymous wrote:

All the simulators (myFico, credit Karma, the individual reporting bureaus) all onlyoffer a Fico Score 8 simulator, which no one actually uses.  How do I simulate the model for the classic scores that mortgage lenders use? Can I just add the # of points from Fico 8 simulator to the classic score?  Or maybe a % increase? I.e. a 10 Point jump on a Fico Score 8 of 750 is only a 9 point jump on a Fico Classic 2 score of 711?

Also, how can I look at my historical fico scores from before I signed up for the paid service? surely they are kept in a database somewhere.

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Welcome to the forums.

FICO 8 is the most widely used score, except for mortgages. So not sure why you think nobody uses them? You definitely cannot use some correlation between the FICO 8 scores and the mortgage scores. As for simulators, I believe it's mostly entertainment. Everyone's credit profile is so unique and there are so many different scoring factors, which differ from 1 CRA to another. It's very difficult to simulate.

As for old scores "kept in database" - that has all sorts of privacy implications and is actually pretty scary. Who would keep and maintain such a database for everyone?

[Trudy]

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@Anonymous wrote:

All the simulators (myFico, credit Karma, the individual reporting bureaus) all onlyoffer a Fico Score 8 simulator, which no one actually uses.  How do I simulate the model for the classic scores that mortgage lenders use? Can I just add the # of points from Fico 8 simulator to the classic score?  Or maybe a % increase? I.e. a 10 Point jump on a Fico Score 8 of 750 is only a 9 point jump on a Fico Classic 2 score of 711?

Also, how can I look at my historical fico scores from before I signed up for the paid service? surely they are kept in a database somewhere.

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As stated by @TheKid2 , simulators may seem close for some but too many factors to make them accurate.  It's not useful in my opinion an many other regardless of how close it comes for some.  It has never been accurate for me.

You can't get past scores unless you paid for them in the past or received them previously through another source (credit card, appplication notification, free sites, etc) that you can retrieve or you've saved.

Your viewable history starts when you start monitoring and retaining.  The history of scores is only useful to the individual as the only scores that matter is what they are when pulled. Not even lenders see the past as far I know unless a prior lender has it on file based on what they pulled during a prior application, CLI, etc.  If they did they could possibly hold that against you, so what would be the use of lates, other derogs etc., being removed.  So where you stand at time of application is all that really matters to a lender.  

Going forward you may want to save all you can so you can review and figure out how your profile reacts to changes.

[Anonymous]

40 year underwriter and credit manager. You can't put a number on human behavior. Credit scoring makes no sense and the bureaus that made this science up is only defending it because they make big bucks selling it but can't explain it at the same time. Humans use to decipher your CBR because there isn't one the same they're all unique requiring common sense and many factors. Technology approves credit and generates letters of approval and turn downs based on scores. Back in the day +700 was top prime and rare, then higher numbers started to appear, now +850 came from the heavens. It was a big cause of the failures in the mortgage crisis. Underwriting software just going by credit scores. These whimsical scores are just a tool to sell to the creditors to cut personnel and costs and now charge you the consumer monthly for your own ability to manipulate and join the pie of confusion. Example: A consumer pays his mtge and bills on time forever missed 2 payments on CC and scores plunge -100 points to +589? A consumer filed BK,  paid no one and opened a secured CC, paid payments for a year on time and his score is in the 700's? How is the guy who stiffed everybody a year ago a better risk than a guy who has always paid on time and was only 30 days late on 2 cards? So anyone working in the industry with some experience knows the system isn't accurate and can't score with common sense. I was around when there was only 1 credit reporting agency TRW. Now they do not want humans involved in the system making decisions which we learned in the mortgage crisis how destructive this became on the large scale. The stock market was buying bundles of bad loans with high or inaccurate credit scores and inflated appraisals. The GOV is always clueless when it comes to financial products and only reacts to what explodes. Everyone in the industry knew those bad mortgage loans were potential crap hit the fan 5 years before they did. Why give someone a credit card for $1000 and he uses it for that amount and his score plunges? Then why have a card in the 1st place? We're humans, not computers. I'm a 743 and you are a 742? Give me a break!