Classic vs. Industry Standard Scores

What is an industry standard score? A lot of people are unfamiliar with industry standard versions of Fico classic scores. As far back as the 1998 versions, the classic scores also had industry standard counterparts that basically added another 100 points to the range and customized it for a particular reason. For instance you have a industry standard auto score & an industry standard bankcard score. There used to be a mortgage one, but it never caught on so they finally gave up. So you have version 2 (1998) EX2 Classic, EX2 Auto & EX2 Bankcard, three different variants of the same bureau version. Likewise, you have version 3 (2004) EX3 Classic, EX3 Auto & EX3 Bankcard, three different variants of the same bureau version. (nobody really uses this it was the forgotten score. USAA, maybe one other.) version 4 (2004) TU4 Classic, TU4 Auto & TU4 Bankcard, three different variants of the same bureau version. Version 5 (2004) EQ5 Classic, EQ5 Auto, EQ5 BC Same pattern applies to version 8 and version 9 at each bureau. So for each version you have three variants at each bureau. That’s nine different scores for each version for 8 & 9. F10 added a fourth variant, 10T, so four variants for version 10 at each bureau, for a total of 12. Only EX2 is used from 1998. (3 variants). TU4 and EQ5 are used from 2004 (Another 6 variants). (9 total in use so far.) Starting with version 8 (2008) all three bureaus had the same numerical designation for the version, as opposed to for instance 2004 where the same version had different numbers at each bureau 3/4/5. But remember the mortgage scores are 5/4/2: for Experian they didn’t use 3 and instead go back to 1998’s EX2. So they are made up of two versions from 2004 and one from 1998. Version 8 (2008) has three variants at each of the three bureaus, (9 variants). (18 total in use so far.) Version 9 (2014) has three variants at each of the three bureaus, (9 variants). (27 total in use so far.) MF throws in version 3 classic to make 28 scores, plus now they are offering model 10 10 Auto, 10 BC, and the new variant 10T at each bureau, (12 variants). (40 total in use now.) I don’t know of anywhere that offers version 3 auto or bankcard. Experian mislabels theirs as bank card. Lol. Yes Experian got their own stuff wrong! Yes I’m telling you that Experian labeled their own score incorrectly. Industry standard scores have a different score range 250-900, whereas the classic scores are 300 to 850 for versions 8 forward. So basically, the industry standard adds up to 100 points to the classic score based on factors thought to specialize the score for either bankcard lending or auto loan lending. You can also see Industry standard scores have additional scoring factors and they are weighted differently. Some scoring factors appear to remain longer and have additional thresholds. It’s gonna also be useful because many times you can get the negative reason codes here even if your classic scores are too high to receive it. I hope this gives members an idea of the range just a FICO scores available and in use. Then remember we have vantagescore than almost no one uses, VS3 & VS4. I’m not done I’m gonna come back and fill in some more. I just brought this over from Reddit then I’ll add more for here. © 2022, MFBirdman7. All rights reserved by Birdman CreditRebels.net