@llecs wrote:Let me throw this out to anyone: If your mortgage lender pulled TU98 (and many still use it), would you still consider TU98 a FAKO score? Conversely, if myFICO sold TU04 scores, would you consider what myFICO sells as a FAKO if your lender did pull TU98? Finally, thinking ahead, if myFICO leaped ahead and offered TU08 scores and if your lender pulled TU04, would myFICO's TU08 also be considered a FAKO?
It's all in relation to "what", right? If your lender pulled TU04, you can easily go to another lender that still uses TU98 and get the scores to match up. And yes, a majority do use TU04, but some heavy hitters still use TU98, or at least as reported in Mortgage Loans.
I understand what you're saying llecs. But the fact remains that even a representative from Fair Isaac was saying almost 15 months ago they were going to update the TU FICO to the 04 version "soon", citing the very reasoning I, and others, have spelled out. And still....we wait. And now we have the 08 version out and about...so we're effectively 2 versions behind.
For all intents and purposes...yes....the TU FICO score version offered here is basically obsolete and no more accurate than a FAKO, when you consider what the majority of lenders now pull. It's long overdue...myfico.com needs to offer the TU FICO 04 version ASAP. 
Thanks,
It was both Transunion and Experian that it checked and that it lowered, actually it lowered all three. It checked all three but the Equifax was my lowest anyway(still awaiting for an account to be added that was missing) so I wasnt as concerned about it as I was the TU and Experian.
The myfico(TU) score was 625 and the Kroll was 601. The Experian score was 642 and it showed as 615 on Kroll.
The fact that I didnt have any "new" credit is what he said was the problem... I got that card 6 months ago to do just that; establish newer credit since the next "newest" account was closed a year ago.
I have raised my fico and plus scores(30+ points)in the last two weeks so my median was over 620 and then to hear about this was a big let down.
Im pretty frustrated and trying to figure out how to remedy it, thanks for the input!
@Anonymous wrote:Thanks,
It was both Transunion and Experian that it checked and that it lowered, actually it lowered all three. It checked all three but the Equifax was my lowest anyway(still awaiting for an account to be added that was missing) so I wasnt as concerned about it as I was the TU and Experian.
The myfico(TU) score was 625 and the Kroll was 601. The Experian score was 642 and it showed as 615 on Kroll.
The fact that I didnt have any "new" credit is what he said was the problem... I got that card 6 months ago to do just that; establish newer credit since the next "newest" account was closed a year ago.
I have raised my fico and plus scores(30+ points)in the last two weeks so my median was over 620 and then to hear about this was a big let down.
Im pretty frustrated and trying to figure out how to remedy it, thanks for the input!
The TransUnion score from MyFico is the TU'98 version. It's likely that the Kroll report utilized the TU'04 version. It's fairly common for the TU'04 version score to be lower if there are negatives on the report.
MyFico does not make an Experian Fico score available for purchase by the general public, so I don't know what the source of your "642" score is. I'm guessing that was a non-Fico score, so it is probably an apples vs. oranges non-valid comparison.
Generally, the Equifax score from MyFico will be the same as the score pulled by a lender, if both scores are pulled at the same time.
Compare your total revolving debt to your total credit limits, with and without the new 6-month account. What sort of percentages are we looking at?
Also, if the credit reports you obtain are consistently showing the new 6-month account and the Kroll report is not, your lender should question Kroll ...
Thanks
so, he has asked that I go apply for a line of credit to raise my score.. you think this is wrong/bad advise as it can/will LOWER my score?
edit*
I just reread your comment... "unless it is significantly reducing my utilization" Forgive my total newbieness, but I want to get this straight in my head and explain.
I have NO balance on my reports because I dont use that("new") card. I pay monthly payments less than 10 bucks for fees so: it shows my limit and timely payments each month along with a consistent balance of zero. Is this what you mean by lowering my utilization?