25% of consumers over FICA 800

[kv968]

I'm not sure what they're doing with the FICO range either, but like bennyhoff I just bought a car and got the same graph. The only difference was I received scores of 808 and 806 with a FICO range from 253 to 893 One was from a car dealership dealing with a bank and the other was from Capital One but both reports came from Transunion. As a matter of fact, the Capital One score even has FICO with the trademark sign and Fair Issac Corporation (all rights reserved) written right underneath the chart.

I also got another credit report pulled from PNC Bank (shopped around for loans) and they gave me a score 777 in a range of 250 to 900 from Experian and said my score ranks higher than 73% of U.S. consumers. If you do the math, that roughly works out to be around 800 or so on the other range so at least they're somewhat consistant.

I did find this and even the courts can't seem to figure it out:

"However, in the July, 2009 MEMORANDUM OPINION AND ORDER from a Fair Isaac lawsuit, U.S. District Judge Anne D. Montgomery wrote: "Fair Isaac argues in response that the term 300-850 is not the 'actual scoring range for any of [Fair Isaac’s] classic FICO credit scores. The actual scoring range for the first FICO score developed for Trans Union is 397-871, for Experian is 368-839, and for Equifax is 407- 829. Every version of these scores has a different range—none of which is 300-850.'”
That makes the scale, apparently, 368 to 871."


As far as a TRUE FICO score goes, who knows? Just keep your debt-to-credit ratio low and pay your bills on time and you'll be fine

[Joan.of.the.Arch]

I think sometime in the last three years, the three largest credit reporting agencies made an agreement to standardize among themselves their report scales, though, of course, not their methods for arriving at the numbers. Perhaps the scale confusion has something to do with that agreement being implemented.

[Ima saver]

I recently bought some land and am having it financed by a local bank. My score was 809 and the letter that they sent me said that 98% of consumers have scores lower than mine. That leads to believe that only about 2% of consumers have scores of 800 and above.