Re: IQ and FICO score

Braydon · ‎05-17-2012

I know your score goes down for 2 years after an IQ but after 1 year of the IQ anniversary does your FICO go up again?

I have 2 IQ back last year with TU both in June of 2011 so will I see a change in my FICO score next month? Sorry guys I'm still learning

Anonymous · ‎05-17-2012

FICO disregards INQ's after one year, so yes, after next month you should see a small jump.

MattH · ‎05-20-2012

I have usually seen inquiries abbreviated as INQ, so when I saw the subject line I read IQ as Intelligence Quotient and was therefore bemused...

TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
If you dunno what tanstaafl means you must Google it

Anonymous · ‎05-20-2012

I'd be curious to see what the correlation is to IQ and FICO, as a side note...

EDIT: Adding a smiley face, because I'd be really surprised if there were any significant correlation.

drkaje · ‎05-20-2012

@Anonymous wrote:
I'd be curious to see what the correlation is to IQ and FICO, as a side note...

EDIT: Adding a smiley face, because I'd be really surprised if there were any significant correlation.

There's like a correlation between score and financial IQ.

Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO

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Whereis750 · ‎05-22-2012

I was duped! Post Title had me curious... IQ/FICO ??

crunching_numbers · ‎05-23-2012

@Anonymous wrote:
I'd be curious to see what the correlation is to IQ and FICO, as a side note...

EDIT: Adding a smiley face, because I'd be really surprised if there were any significant correlation.

I have found that in every case, FICO is higher than IQ.

This can be taken as the correct correlation:

@Anonymous > IQ @ 100% accuracy

Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: FICO 8 = 844(9/15) EQ, 827 TU, 811 EX (7/15); mortgage FICO= 758 (9/15)EQ5, 797 TU4, 748 EX2 (7/15)
Goal Score: 750+, but shooting for the 800's
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MattH · ‎05-25-2012

@Anonymous wrote:
I'd be curious to see what the correlation is to IQ and FICO, as a side note...

EDIT: Adding a smiley face, because I'd be really surprised if there were any significant correlation.

Well, people who think they can outsmart the sales reps can end up in a world of financial hurt. If it is not clear to you exactly how the other party to any transaction will make money, run away! As Robert Heinlein wrote somewhere, "if you say you want to help me, I am suspicious, if you say you want to help yourself, maybe we can do business."

TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
If you dunno what tanstaafl means you must Google it

marty56 · ‎05-26-2012

LOL if my IQ was the lowest non zero FICO score I wouldn't need one since I would know the winning lotto numbers were.

1/25/2021: FICO 850 EQ 848 TU 847 EX

Anonymous · ‎05-26-2012

@crunching_numbers wrote:

I have found that in every case, FICO is higher than IQ.

This can be taken as the correct correlation:

@Anonymous > IQ @ 100% accuracy

Do not forget about the weighted IQ vs Fico... IQ + weight can be greater than Fico with some people.

IQ and FICO score

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IQ and FICO score