Is transunion a FAKO??

[golo]

Hi,I've been reading for quite a while,countless hours,I can be all day here,thank you to everybody that have shared their knowledge,but I still have some doubts,
First,is the transunion that you purchase here or in their website is the real deal? I mean,the one lenders see? Or is a vantange score? I think I read in their website that is a vantage score,I would like to know,I will purchase it,but I want to purchase the real deal,not a FAKO,I can get a FAKO tru CK,how reliable is CK? I'm sorry but I found this forum a sea of knowledge. thanks in advance

[Lel]

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@golo wrote:
Hi,I've been reading for quite a while,countless hours,I can be all day here,thank you to everybody that have shared their knowledge,but I still have some doubts,
First,is the transunion that you purchase here or in their website is the real deal? I mean,the one lenders see? Or is a vantange score? I think I read in their website that is a vantage score,I would like to know,I will purchase it,but I want to purchase the real deal,not a FAKO,I can get a FAKO tru CK,how reliable is CK? I'm sorry but I found this forum a sea of knowledge. thanks in advance

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Hello, and welcome to the FICO Forums.

The Transunion score that you get from this website is an actual FICO score.  The complaint that many people have - myself included - is that it is an older version of the TU FICO score, referred to as the TU98 score.  Most (but not all) lenders are now using the TU04 version.  Still, the TU score that you purchase from this website IS a real FICO score.

The score that you purchase from the Transunion website is NOT a FICO score.  It is a Vantage Score.  While this score is based on similar criteria as the FICO score, it uses a different formula and different scale and cannot be correlated with your actual FICO score.  It is used by very few creditors.

CreditKarma gives you a Vantage Score as well as a TransRisk score, which is another non-FICO score.

[pizzadude]

The TU score sold here is TU98, which isn't the most recent FICO® score model but is still used by lenders. As far as I know Vantage score is used for a few Chase credit cards but that is it.

[Anonymous]

Has it been announced whether they intend to update to the newer score model at any point in the near future?  Or is the TU98 more popular with lenders and that's why they haven't?  

I know I had CLI decline letter that arrived and the TU score it showed was about 30 points lower than what I had pulled here two weeks earlier.  I had assumed that BofA just used one of the weird scoring systems and let it go, but if it's because they're using 04 and we're getting 98, then that's a bit more annoying lol

[GregB]

BofA CC CLI would be more likely to use a CC Industry Version of a FICO. FICO would be more likely to be a later version than 98. Perhaps 04 but I would guess FICO 8, the latest.

Does it list an exact score range? Does it say "FICO"?

[Anonymous]

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@GregB wrote:

BofA CC CLI would be more likely to use a CC Industry Version of a FICO. FICO would be more likely to be a later version than 98. Perhaps 04 but I would guess FICO 8, the latest.

Does it list an exact score range? Does it say "FICO"?

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It doesn't give a version, but it states, "Your credit score, a FICO score, used by us in taking the above action is 629, which was created on March 29, 2012 and provided by a credit reporting agency, Trans Union .... The range of possible scores is 300 to 850."

The score I got from myfico was 659 on 3/12, and the only changes between then and now that I know of on the TU report were a significant decrease in Utl (from 36% to less than 10%) and the removal of one 7 year old charge off (I still have other charge offs preparing to fall off, so I don't believe this rebucketed me).  I can't imagine that either of those changes would have lowered my score 30 points though - at least I'd hope not lol.

[GregB]

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@Anonymous wrote:

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@GregB wrote:

BofA CC CLI would be more likely to use a CC Industry Version of a FICO. FICO would be more likely to be a later version than 98. Perhaps 04 but I would guess FICO 8, the latest.

Does it list an exact score range? Does it say "FICO"?

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It doesn't give a version, but it states, "Your credit score, a FICO score, used by us in taking the above action is 629, which was created on March 29, 2012 and provided by a credit reporting agency, Trans Union .... The range of possible scores is 300 to 850."

The score I got from myfico was 659 on 3/12, and the only changes between then and now that I know of on the TU report were a significant decrease in Utl (from 36% to less than 10%) and the removal of one 7 year old charge off (I still have other charge offs preparing to fall off, so I don't believe this rebucketed me).  I can't imagine that either of those changes would have lowered my score 30 points though - at least I'd hope not lol.

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That tells us it was a FICO score of some kind. If we believe their 300-850 range then that means it is a Classic FICO. Industy Options have a design range of 250-900, although they sometimes still quote the generic range of 300-850 since an Industry Option won't actually let you get an actual score outside the Classic FICO range.

I know BofA isn't using the Classic 98 as provided here. I believe they were using Classic 04 early last year. They were planning on using "Classic 8" late last year and have probably started by now. They no longer use the "Classic" descriptor on FICO 8 versions so it is just called  FICO 8 Risk Score.

The differences are almost certainly in the different scoring parameters between the different versions and not a result of your changes.

The generations of FICO are 95, 98, 04, 8 and there are industy options for each. Also 2 different Nextgen FICO versions that you just never see.

[golo]

My TU from here is 648 and on Creditkarma is 642,i just wonder if it's worth paying it here.

[MarineVietVet]

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@golo wrote:

My TU from here is 648 and on Creditkarma is 642,i just wonder if it's worth paying it here.

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The fact that they are so close is purely coincidental.