PFICO Bankcard -vs- FICO Classic

Anonymous · ‎09-07-2007

My Wamu PFICO was -34 points lower than Classic FICO. Is that bad? I thought PFICO was usually higher? Maybe I am punished more for new credit card accounts than Classic FICO does?

Tuscani · ‎09-08-2007

Weird.. PFICO is usually higher unless of course you have lates on your CCs.

smallfry · ‎09-08-2007

@Anonymous wrote:
My Wamu PFICO was -34 points lower than Classic FICO. Is that bad? I thought PFICO was usually higher? Maybe I am punished more for new credit card accounts than Classic FICO does?

I am sure that you are looking at the same agency so I won't even ask you who was pulled. You realize that the score you saw from Wamu was the score used when you applied. What was the date of the original inquiry? Also they grab info from the first of the month and this might not have reflected all your payments on your cards. Am I clear? FWIW my TU PFICO is 15 points lower than my classic TU.

Anonymous · ‎09-08-2007

@smallfry wrote:

I am sure that you are looking at the same agency so I won't even ask you who was pulled. You realize that the score you saw from Wamu was the score used when you applied. What was the date of the original inquiry? Also they grab info from the first of the month and this might not have reflected all your payments on your cards. Am I clear? FWIW my TU PFICO is 15 points lower than my classic TU.

Embarrassed..

I went back to check again. Everyone on here gets their PFICOs from TU. A closer look revealed my PFICO was from EX and I see now EX Classic score is very close to PIFCO for same score dates. Feel better about the PFICO now.

BUT Classic to Classic. I just updated my EX score today and EX is -41 points lower than my EQ with all the same accounts and lower number of inq's, "balances are lower by 0.5% UTL".

I looked for negative data and there was none. Can EQ and EX be so far off? I am sure I am looking at updated dates and comparing same reports this time.

I'm waiting for my EQ SW to give me a new score this week refelting the 0.5% lower UTL with a tiny payment not showing on EQ yet. That is the only difference. Both have 1 account with a balance only. Even the newest inq shows on both reports on same day. Even with more inq's on EQ the score is still +41 points difference between EX and EQ.

Message Edited by ilovepizza on 09-08-2007 08:56 AM

Anonymous · ‎09-08-2007

Is EQ more forgiving with inquiries and new accounts? A strange thing happened with EQ. I only loose points for my first inq. Doesn't change score after that. 1, 2 , 3... 7, score unchanged. Is my EQ file broken?

Anonymous · ‎09-08-2007

I'm looking at my credit report on Nat City ver of TC and under inquiries it shows them in different size fonts. The ones on my EQ are 10 font size and the ones on EX are 12 font size. Does this mean the font size might have something to do with how are are coded and scored; larger font, harder hit? I do not have any larger font inqs on EQ but many on EX. I am trying to find out why my score is so drastically different between the 2 CRAs.

smallfry · ‎09-08-2007

The difference between your scores is strange. There is only a 3 point spread between my lowest and highest. 703-704-706.

Anonymous · ‎09-08-2007

My inqs on EX are for new credit and my inqs on EQ were for CLIs. Even though they are on or around the same time, maybe CLI's are weighted half of brand new credit requests? Then there could be a separate point loss limit for each type of inquiry. While you only may loose x number of point for new credit inqs, you still may be able to loose points for CLI, and installments, and Retail, ect. This might just show how harmful a mix of inqs can really be to a score.

OK. I need to test this! I still have my TU CR to play with. I can match my inqs on TU to be the same as EQ. The only difference will be TU will be a new credit inq and EQ will be a CLI inq. Lets see the score difference change between the two. Some magical wonder in the universe will soon happen on my TU CR with in the next day to two to align all things in the universe equal. Never again may this event in time happen. When it does I will buy a new TU score and post results which may shed some light on this subject or make it more confusing. I am pretty upset with this score drop on EX. If it is a result of different coded inqs maybe in 6 months I can regain 20 points.

Check back in 2-3 days. I don't want to buy another score until my TU CR has the same exact number of inqs all falling on the same days. This magical event is days away.

Message Edited by ilovepizza on 09-08-2007 12:31 PM

Anonymous · ‎09-08-2007

EX really hates INQ's

EX is now my lowest score- I am working on Amex to change 3 or the 4 inq's they did to softs. Very easily be 50 points.

Anonymous · ‎09-09-2007

The test results are in. I hope you guys like this info. It hurt a little to test this.

New account apps (inquiry) hit my cr -20 points.
New CLI requests hit my cr -10 points.

I lost points with just inquiries.
-40 on EX (new credit app's and CLI's)
-10 on EQ (CLI's only)
-20 on TU (new credit app's only)
The difference is the types of inquiries. Scores were done today day except EX was done yesterday.

It appears for at least my CR that I can combine multiple different inq to add up to a greater inquiry point loss. I was able to keep adding inq's with out further point loss until I changed the type of inq, then my score dropped further. All this from just inquiries unless there is something else I am missing.

Message Edited by ilovepizza on 09-09-2007 11:38 AM