New Equifax Scoring Model at MyFICO?

JLK93 · ‎03-28-2014

On another forum someone said that a CSR at MyFICO told him that MyFICO has started using a new scoring model for Equifax. I spoked to a CSR who confirmed that they recently started using a new scoring model for Equifax. He could not, however, tell me what scoring model they are now using. Does anyone have any information?

JLK93 · ‎03-28-2014

Today, my Equifax FICO score from DCU is different than the current Equifax score from myfico for the first time.

DCU - 699

myfico - 712

bridgetkaryn · ‎03-28-2014

What is DCU?

Starting Score: 06/2010- EQ 464
01/2012-EQ 512
April Score: EQ 679 4/12TU- 677 EX- 699 (FAKO)
Current Score: 05/2012-EQ 691 4/12TU- 706 EX- 720(FAKO)
Goal Score: 700 by 05/2012- MADE IT!!!!

Take the FICO Fitness Challenge

JLK93 · ‎03-28-2014

@bridgetkaryn wrote:
What is DCU?

Digital Credit Union

Anonymous · ‎03-28-2014

Interesting!

abundancejones · ‎03-28-2014

My fiance had a SW alert this morning as well and its a little higher than expected.

Why can't they tell us which model it is? I don't like the secrets when it comes to these FICOs.

emptypockets · ‎03-28-2014

Whatever model it is, it definitely is working to my advantage. Mine was 764 last month, now at 798. No real changes in data reported that would cause a 24 point increase.

On the other board, it is being reported as Fico 08.

CC's: AMEX (4), Alliant Visa, PenFed AMEX, Pen Fed Promise, Citi (3), Chase (5), US Bank Cash+, Huntington Voice, Nasa Plat Cash Visa, Barclay's Visa, Discover IT, Cap One QS, BOA (2), BMW Visa, 5/3 Real Life Rewards MC; FNBO Amex; Comenity Visa/MC (3), Ebates Visa Siggy, Nordstrom Visa, Walmart MC, Sam's Club MC; A few assorted store cards.

Current Scores (09/2017): EQ My Fico: 786; TU MyFico: 799; EX (My Fico): 797

peepers · ‎03-28-2014

what other board is this being discussed on? I'd like to follow it too. What I DID like about EQ here is that it was the same model that mortgage lenders typically pull. If that's not the case now, I could care less if Im purchasing a model that simply gives me a higher score. Its as useless to me as the myfico TU now.

AMEX Green charge NPSL | NFCU Cashrewards Visa Sig $25,000 | NFCU Navcheck $15,000 | AMEX Everyday $15,000 | Discover IT $19,000 | Amex BCP $18,000 | Cap1 Quicksilver $5000 | Firestone $2,400 I Amex Oasis Optima (recovery card) $500 (closed July 2014)
MyFICO: TU 780, EQ 785 EX 776 Discover TU FICO 780. Rebuilt from 500's....closed on home May 2015!

JLK93 · ‎03-28-2014

@peepers wrote:
what other board is this being discussed on? I'd like to follow it too. What I DID like about EQ here is that it was the same model that mortgage lenders typically pull. If that's not the case now, I could care less if Im purchasing a model that simply gives me a higher score. Its as useless to me as the myfico TU now.

I agree. It is being discussed on another board in the credit forum in the thread titled EQ Score dropped 70 points thru myfico.

Anonymous · ‎03-28-2014

I think this is causing the issue I am seeing. I have a 616 on Equifax score watch but a 686 here on MyFico. The records were pulled the same day. It seems crazy that they are so different.