157 replies to this topic

[BobWang]

Equifax

Equifax5.0 FICO score:
http://www.equifax.c...yfico-products/

Digital FCU Equifax5.0 FICO score:
https://www.dcu.org/...e_checking.html

M&T Bank Equifax5.0 FICO :score
https://www.mtb.com/...edit-score.aspx

myFICO Equifax5.0 and TransUnion98 FICO scores:
http://www.myfico.co...s/Products.aspx


Experian

PSECU Experian FICO score:
https://www.psecu.com/fico/

Visions FCU MAY get Experian FICO when applying for loan products:
https://www.visionsfcu.org/


TransUnion

myFICO Equifax5.0 and TransUnion98 FICO scores:
http://www.myfico.co...s/Products.aspx

Partners 1st Federal Credit Union TransUnion FICO
http://www.partners1...reditscore.html

Sears HSBC (NOT Citi) MasterCard TransUnion98 FICO (Only for bad credit applicants):
http://consumerist.c...annual-fee.html

Walmart GEMB Discover & Store Card TransUnion FICO:
http://www.walmart.c...it-Cards/632402


GET DENIED FOR CREDIT

[BW1216]

Equifax

Equifax5.0 FICO score:
http://www.equifax.c...yfico-products/

Digital FCU Equifax5.0 FICO score:
https://www.dcu.org/...e_checking.html

M&T Bank Equifax5.0 FICO :score
https://www.mtb.com/...edit-score.aspx

myFICO Equifax5.0 and TransUnion98 FICO scores:
http://www.myfico.co...s/Products.aspx


Experian

PSECU Experian FICO score:
https://www.psecu.com/fico/

Visions FCU MAY get Experian FICO when applying for loan products:
https://www.visionsfcu.org/


TransUnion

myFICO Equifax5.0 and TransUnion98 FICO scores:
http://www.myfico.co...s/Products.aspx

Partners 1st Federal Credit Union TransUnion FICO
http://www.partners1...reditscore.html

Sears HSBC (NOT Citi) MasterCard TransUnion98 FICO (Only for bad credit applicants):
http://consumerist.c...annual-fee.html

Walmart GEMB Discover & Store Card TransUnion FICO:
http://www.walmart.c...it-Cards/632402


GET DENIED FOR CREDIT

Good work Bob. This should be a sticky. Maybe you can twist Breeze's arm

[clambert1273]

OR apply for mortgage

[BobWang]

Good work Bob. This should be a sticky. Maybe you can twist Breeze's arm

breeze knows better than to make any of MY threads stickies.

[BobWang]

OR apply for mortgage

Yeah, that too.

[clambert1273]

I had to lol

[BobWang]

There's a tactic of presenting, where you leave out a key bit of information.

That gives a superior, or peer, the opportunity to ask the pertinent question, and look smart.

[BW1216]

PMed Breeze asking for this to be stickied, let's see what happens

[foeplay]

What's a 5.0?

[BobWang]

What's a 5.0?

Stands for Beacon 5.0, the 2004 version of Equifax FICO.

[BDK]

What's a 5.0?

It's a Ford engine, (302 C.I.).

[foeplay]

Which is the 2011 scoring model?

[BW1216]

PMed Breeze asking for this to be stickied, let's see what happens

Great success

[foeplay]

What's a 5.0?

It's a Ford engine, (302 C.I.).

ROLLIN... In my 5.0, with the rag top down so my hair can blow

[BobWang]

Which is the 2011 scoring model?

FICO 08 is the latest scoring model.

[BobWang]

PMed Breeze asking for this to be stickied, let's see what happens

Great success

Dang, now we're going to have to behave.

[BobWang]

http://www.fico.com/...01-29-2009.aspx

To assist clients' conversion, the new FICO score retains the same 300-850® scoring range, score reason codes, minimum scoring criteria, and inquiry treatment as previous versions of the score. In addition, FICO® Risk Score, Classic 08 helps lenders protect against authorized-user account 'piggybacking' by incorporating new patent-pending technology that materially reduces the potential score impact associated with the abuse of authorized user accounts. By continuing to include authorized user accounts in score calculations, the FICO® 08 score continues to support lenders' efforts to comply with federal regulations.

[BW1216]

http://www.fico.com/...01-29-2009.aspx

To assist clients' conversion, the new FICO score retains the same 300-850® scoring range, score reason codes, minimum scoring criteria, and inquiry treatment as previous versions of the score. In addition, FICO® Risk Score, Classic 08 helps lenders protect against authorized-user account 'piggybacking' by incorporating new patent-pending technology that materially reduces the potential score impact associated with the abuse of authorized user accounts. By continuing to include authorized user accounts in score calculations, the FICO® 08 score continues to support lenders' efforts to comply with federal regulations.

So feasibly, one's 04 and 08 score should be the same if they don't have or aren't AUs?

[BobWang]

http://www.fico.com/...01-29-2009.aspx

To assist clients' conversion, the new FICO score retains the same 300-850® scoring range, score reason codes, minimum scoring criteria, and inquiry treatment as previous versions of the score. In addition, FICO® Risk Score, Classic 08 helps lenders protect against authorized-user account 'piggybacking' by incorporating new patent-pending technology that materially reduces the potential score impact associated with the abuse of authorized user accounts. By continuing to include authorized user accounts in score calculations, the FICO® 08 score continues to support lenders' efforts to comply with federal regulations.

So feasibly, one's 04 and 08 score should be the same if they don't have or aren't AUs?

There are a few other wrinkles, like small debt delinquencies not hurting as badly.

It's supposed to be an improvement over previous models, as in this presentation:

http://www.google.co...a68h_I8N6khVTPg

[BobWang]

http://www.money-zin...anding-FICO-08/

Changes in FICO 08
The primary reason for the switch to FICO 08 had to do with the forecasting powers of the new model. Fair Isaac believes that FICO 08 will do a better job at predicting the likelihood of default on a loan by making two changes:

• Authorized Users - An authorized user is a person that is permitted by another account holder to use their account. Normally, this situation applies to a family member who is trying to manage credit for the first time, such as a college student. The new scoring model eliminates "piggybacking," which allowed individuals with bad credit to leverage the payment histories of "stronger" credit card holders by becoming an authorized user on their accounts.
• Delinquencies - The second change in the scoring model has to do with payment patterns - especially those that are greater than 90 days late. The FICO 08 model is more forgiving to consumers that are in arrears in one area, but have a number of other accounts that are in good standing.

Fair Isaac predicts the above two changes will reduce the default rates on consumer debt by 5 to 15% for those companies switching to the new model.

[BobWang]

Don't try this at home by yourselves, boys and girls.

I *AM* a Certified FICO Professional.

[markca]

Don't try this at home by yourselves, boys and girls.

I *AM* a Certified FICO Professional.

There's a severe lack of pink Hello Kitty stuff on your certificate.

[clambert1273]

Don't try this at home by yourselves, boys and girls.

I *AM* a Certified FICO Professional.

There's a severe lack of pink Hello Kitty stuff on your certificate.

I second that!!! lol

[Jorsher]

Wish I saw this before spending over $40 on the FICO scores Had a Walmart CC and never knew that they gave free FICO scores until they emailed me about it. I didn't really have fantastic credit when I got my WM store card, so should be a relatively easy one for those of you looking to build credit.

[CIO]

OMG a Wang thread made a sticky. Something froze over.