Official...myFICO EQ to 08

[Lechte]

The announcement thread is not open to replies so I figured I'd open this thread and hopefully, for all who are interested in this... we can get some feedback and some questions answered now that it is official.

"On March 16th, FICO migrated all newly ordered myFICO solutions based on Equifax data to the most recent version of the FICO used by lenders (sometimes referenced as FICO 8).  myFICO is simply making sure myFICO customers are getting access to same version of the FICO score that is currently being pulled the majority of the time by lenders.   Existing FICO Score Watch customers (as of the March 16th date) will be migrated to the upgraded version over the next several months.    Note, it’s natural for scores to shift whenever a scoring system is updated. How much it shifts and in what direction will be unique to each consumer."

Admin...thanks for updating us.   My first question is....Now that EQ and EX are 08, will the TU model follow suit anytime soon or at all?   Second....It's odd that EQ's model would be upgraded before TU when TU is so outdated and rarely used, and EQ04 is still used it seems by a majority of lenders....is TU the one holding back or what?    Thanks for any info.

[Shogun]

Good question, I'd like to know that one too.  I know it's a negotiation between FICO and the CRAs as to what and how they supply.  Hopefully TU will come around and we can get something that's fairly new.

[Gunnar419]

It would sure be nice if all MyFico scores were very recent versions across the board. However with so many cccs handing out TU 08s like candy (Discover, Barclays, Walmart), would you still want to buy a TU 08 here? I know you'd be getting a CR summary with it, but you can get that at CK and now it seems from CapOne.

What I'm getting at is that it would be nice to be able to get all three real FICOs in one place and be confident that the info you're getting is as real as it can get, but it almost seems as if MyFico would need to offer something extra, some added inducement, to make buying a TU score here worthwhile.

[DevotionToU]

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@Gunnar419 wrote:

It would sure be nice if all MyFico scores were very recent versions across the board. However with so many cccs handing out TU 08s like candy (Discover, Barclays, Walmart), would you still want to buy a TU 08 here? I know you'd be getting a CR summary with it, but you can get that at CK and now it seems from CapOne.

What I'm getting at is that it would be nice to be able to get all three real FICOs in one place and be confident that the info you're getting is as real as it can get, but it almost seems as if MyFico would need to offer something extra, some added inducement, to make buying a TU score here worthwhile.

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So the TU from Cap1 is the actual score?  (Not FAKO?)   I had assumed it was not the actual FICO.

[Gunnar419]

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@DevotionToU wrote:

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@Gunnar419 wrote:

It would sure be nice if all MyFico scores were very recent versions across the board. However with so many cccs handing out TU 08s like candy (Discover, Barclays, Walmart), would you still want to buy a TU 08 here? I know you'd be getting a CR summary with it, but you can get that at CK and now it seems from CapOne.

What I'm getting at is that it would be nice to be able to get all three real FICOs in one place and be confident that the info you're getting is as real as it can get, but it almost seems as if MyFico would need to offer something extra, some added inducement, to make buying a TU score here worthwhile.

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So the TU from Cap1 is the actual score?  (Not FAKO?)   I had assumed it was not the actual FICO.

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No, no, no. Sorry if I wasn't clear. The TU from CapOne is a FAKO. I was just saying that you can get TU CR summaries from CapOne and CK. So if you can get real TU FICOs for free from Discover, Barclays and Walmart, and TU CR summaries from CapOne and CK, why buy here?

[coterotie]

I have to believe it is a FAKO as it matches my CK score pretty well, but not the score they put on my denials when I ask for a CLI.  Nor does it match the score I get from USAA/Experian for TU.  In these cases there is a more than 110 point difference the FAKOs being that much higher.  The FAKO being that much higher than the purported "real" score from the denial and from USAA/Experian.  Wish it were real or the one that is being used.  What is interesting is that my wife's "real" score is about 50 points higher than her CK.  It appears that her free score from FNB Omaha is a pretty good score monitor as it is exactly the same as her myFico.

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@DevotionToU wrote:

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@Gunnar419 wrote:

It would sure be nice if all MyFico scores were very recent versions across the board. However with so many cccs handing out TU 08s like candy (Discover, Barclays, Walmart), would you still want to buy a TU 08 here? I know you'd be getting a CR summary with it, but you can get that at CK and now it seems from CapOne.

What I'm getting at is that it would be nice to be able to get all three real FICOs in one place and be confident that the info you're getting is as real as it can get, but it almost seems as if MyFico would need to offer something extra, some added inducement, to make buying a TU score here worthwhile.

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So the TU from Cap1 is the actual score?  (Not FAKO?)   I had assumed it was not the actual FICO.

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[Kelsey_H]

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@Lechte wrote:

The announcement thread is not open to replies so I figured I'd open this thread and hopefully, for all who are interested in this... we can get some feedback and some questions answered now that it is official.

"On March 16th, FICO migrated all newly ordered myFICO solutions based on Equifax data to the most recent version of the FICO used by lenders (sometimes referenced as FICO 8).  myFICO is simply making sure myFICO customers are getting access to same version of the FICO score that is currently being pulled the majority of the time by lenders.   Existing FICO Score Watch customers (as of the March 16th date) will be migrated to the upgraded version over the next several months.    Note, it’s natural for scores to shift whenever a scoring system is updated. How much it shifts and in what direction will be unique to each consumer."

Admin...thanks for updating us.   My first question is....Now that EQ and EX are 08, will the TU model follow suit anytime soon or at all?   Second....It's odd that EQ's model would be upgraded before TU when TU is so outdated and rarely used, and EQ04 is still used it seems by a majority of lenders....is TU the one holding back or what?    Thanks for any info.

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We are currently in the process of migrating our TU-based myFICO products to the FICO® 8 Score as well, and plan to make these products available as soon as this Summer.

[Lechte]

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@Kelsey_H wrote:

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@Lechte wrote:

The announcement thread is not open to replies so I figured I'd open this thread and hopefully, for all who are interested in this... we can get some feedback and some questions answered now that it is official.

"On March 16th, FICO migrated all newly ordered myFICO solutions based on Equifax data to the most recent version of the FICO used by lenders (sometimes referenced as FICO 8).  myFICO is simply making sure myFICO customers are getting access to same version of the FICO score that is currently being pulled the majority of the time by lenders.   Existing FICO Score Watch customers (as of the March 16th date) will be migrated to the upgraded version over the next several months.    Note, it’s natural for scores to shift whenever a scoring system is updated. How much it shifts and in what direction will be unique to each consumer."

Admin...thanks for updating us.   My first question is....Now that EQ and EX are 08, will the TU model follow suit anytime soon or at all?   Second....It's odd that EQ's model would be upgraded before TU when TU is so outdated and rarely used, and EQ04 is still used it seems by a majority of lenders....is TU the one holding back or what?    Thanks for any info.

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We are currently in the process of migrating our TU-based myFICO products to the FICO® 8 Score as well, and plan to make these products available as soon as this Summer.

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Thanks for sharing that.   That's pretty good news.

[bigblue7722]

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@Kelsey_H wrote:

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@Lechte wrote:

The announcement thread is not open to replies so I figured I'd open this thread and hopefully, for all who are interested in this... we can get some feedback and some questions answered now that it is official.

"On March 16th, FICO migrated all newly ordered myFICO solutions based on Equifax data to the most recent version of the FICO used by lenders (sometimes referenced as FICO 8).  myFICO is simply making sure myFICO customers are getting access to same version of the FICO score that is currently being pulled the majority of the time by lenders.   Existing FICO Score Watch customers (as of the March 16th date) will be migrated to the upgraded version over the next several months.    Note, it’s natural for scores to shift whenever a scoring system is updated. How much it shifts and in what direction will be unique to each consumer."

Admin...thanks for updating us.   My first question is....Now that EQ and EX are 08, will the TU model follow suit anytime soon or at all?   Second....It's odd that EQ's model would be upgraded before TU when TU is so outdated and rarely used, and EQ04 is still used it seems by a majority of lenders....is TU the one holding back or what?    Thanks for any info.

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We are currently in the process of migrating our TU-based myFICO products to the FICO® 8 Score as well, and plan to make these products available as soon as this Summer.

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I hope you guys can lower the prices for people. I already have two companies that give me my tu 08 score for free...

[Revelate]

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@bigblue7722 wrote:

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@Kelsey_H wrote:

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@Lechte wrote:

The announcement thread is not open to replies so I figured I'd open this thread and hopefully, for all who are interested in this... we can get some feedback and some questions answered now that it is official.

"On March 16th, FICO migrated all newly ordered myFICO solutions based on Equifax data to the most recent version of the FICO used by lenders (sometimes referenced as FICO 8).  myFICO is simply making sure myFICO customers are getting access to same version of the FICO score that is currently being pulled the majority of the time by lenders.   Existing FICO Score Watch customers (as of the March 16th date) will be migrated to the upgraded version over the next several months.    Note, it’s natural for scores to shift whenever a scoring system is updated. How much it shifts and in what direction will be unique to each consumer."

Admin...thanks for updating us.   My first question is....Now that EQ and EX are 08, will the TU model follow suit anytime soon or at all?   Second....It's odd that EQ's model would be upgraded before TU when TU is so outdated and rarely used, and EQ04 is still used it seems by a majority of lenders....is TU the one holding back or what?    Thanks for any info.

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We are currently in the process of migrating our TU-based myFICO products to the FICO® 8 Score as well, and plan to make these products available as soon as this Summer.

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I hope you guys can lower the prices for people. I already have two companies that give me my tu 08 score for free...

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Yeah, I know personally I would never purchase a TU '08 score for any reason: especially since we can get access to the report data from CK for free as well.

I don't think it's a sellable product, ranted in the private moderator forum a bit about it too and suggested they update to TU '04 classic but that's sadly unlikely to happen but least it got taken to their product people.  Nothing ventured is nothing gained.