New Score?

[Rice1o5]

So I have now got my new "upgraded score". I get its a new system etc.. but it is till more accurate than the FAKO scores?? Is this still the most used score by lenders?? 

[myjourney]

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@Rice1o5 wrote:

So I have now got my new "upgraded score". I get its a new system etc.. but it is till more accurate than the FAKO scores?? Is this still the most used score by lenders?? 

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The score is new and yes it's a true Fico score however who will use it as far as lenders remains to be seen.

Anything is more accurate than any FAKO score anytime

[Rice1o5]

Thank you for the reply. I pretty much wanted to make sure it was still considered a true fico score. I would hope that ths is the score that most lenders are using or at least as close as possible to the score the lenders are using. 

[myjourney]

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@Rice1o5 wrote:

Thank you for the reply. I pretty much wanted to make sure it was still considered a true fico score. I would hope that ths is the score that most lenders are using or at least as close as possible to the score the lenders are using. 

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With the addition of this new model there are now 51 true Fico scoring models out there being used....Ouch 

Then you have some companies (Chase Amex) who then apply their own internal scoring system to the Fico algorithm coming up with a in house score

Hope this helps you better understand 

[Rice1o5]

Yea it does. Thank you