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nolanryan

I guess we aren't getting a DCU FICO this month?

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My total utli was only 8% but i had a couple of accounts with balances EQ hates that just checked mine last month it was 674 today 687. damm the old mortgage score is catching up to my fico 08 score. :grin:

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OMG from 650 in November to 660 yesterday. I can't remember the last time I was in the "Good" range instead of the "Not Good" and "Bad". This may be my best score since my original financial meltdown in 1999.

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731 down to 726...Utilization reduction of 6k won't fully report until 01/19 & still waiting on M&T auto loan payoff & 2nd Amex to report. I'll take it & smile...for now

 

 

Sent from my iPhone using Tapatalk

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+31 for me. Broke the 700 barrier finally.

 

04 was 53 pts lower than 08 til now. It is still 22 pts to the low though.

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What FICO model does DCU use?

 

Their website provides this information:

 

 

This FICO Score is FICO Score [5] based on Equifax data.

 

Source: https://www.dcu.org/account-services/FICO.html

 

So then, referring to this website http://www.myfico.com/crediteducation/fico-score-versions.aspx is the DCU FICO score being provided an Equifax Score 5 (EQ-05) which falls under the category of "versions used in mortgage lending"? If that's the case, it's probably not very applicable to anything other than mortgage applications, right?

 

If some kind soul would expand on this and educate me, I would appreciate it.

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+31 for me. Broke the 700 barrier finally.

 

04 was 53 pts lower than 08 til now. It is still 22 pts to the low though.

Nice milestone, congrats!

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What FICO model does DCU use?

 

Their website provides this information:

 

 

This FICO Score is FICO Score [5] based on Equifax data.

 

Source: https://www.dcu.org/account-services/FICO.html

 

So then, referring to this website http://www.myfico.com/crediteducation/fico-score-versions.aspx is the DCU FICO score being provided an Equifax Score 5 (EQ-05) which falls under the category of "versions used in mortgage lending"? If that's the case, it's probably not very applicable to anything other than mortgage applications, right?

 

If some kind soul would expand on this and educate me, I would appreciate it.

DCU uses the 04 model, or Beacon, or EQ 05 for everything credit/loan product they offer.

 

US Bank will use an 02 model.

AMEX has used 03.

Penfed uses EX NexGen2

Capital one will use other models besides 08 as well.

My local CU uses an 04 model as well.

 

I'm yet to see a lender use the FICO Bankcard 08 model.. i wish they would since it's higher than any other scoring model I have.

 

There's really no rhyme or reason as to what model they use. That's why the general FICO 08 model is viewed as the constant among us.

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