FICO9 & Authorized Users?

[myfavoritehue]

I've heard that the FICO9 scoring model, and that scoring model only, views authorized user tradelines as primary tradelines?

Any underwriters here, who currently work/have worked in the past with an institution that uses FICO9, to confirm this?

More or less, if true, I'm wondering how that would be factored in when comparable credit is considered, for new applications, when being automatically approved.

[Thomas_Thumb]

That would be incorrect. Fico looked at AU accounts same as primary for the older Fico 98 and Fico 04 models used for mortgages and some other installment loans.

That was discontinued with the newer Fico 8 and Fico 9 models.

[Slabenstein]

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@myfavoritehue wrote:

I've heard that the FICO9 scoring model, and that scoring model only, views authorized user tradelines as primary tradelines?

Any underwriters here, who currently work/have worked in the past with an institution that uses FICO9, to confirm this?

More or less, if true, I'm wondering how that would be factored in when comparable credit is considered, for new applications, when being automatically approved.

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Underwriters using FICO9 wouldn't know the answer to your question, since underwriters don't have any more access to FICO algos than consumers, but, like @Thomas_Thumb said, it's the older FICO models now used as mortgage scores that don't differentiate AU from primary for scoring purposes.  All models from FICO8 forward do.

[myfavoritehue]

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@Thomas_Thumb wrote:

That would be incorrect. Fico looked at AU accounts same as primary for the older Fico 98 and Fico 04 models used for mortgages and some other installment loans.

That was discontinued with the newer Fico 8 and Fico 9 models.

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Some lenders, mainly credit unions, still use those older models though, in which my theory of AUs being viewed as a primary would stick, correct? 
I had a DCU account awhile back and I believe they pulled EQ5.

[myfavoritehue]

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@Slabenstein wrote:

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@myfavoritehue wrote:

I've heard that the FICO9 scoring model, and that scoring model only, views authorized user tradelines as primary tradelines?

Any underwriters here, who currently work/have worked in the past with an institution that uses FICO9, to confirm this?

More or less, if true, I'm wondering how that would be factored in when comparable credit is considered, for new applications, when being automatically approved.

---

Underwriters using FICO9 wouldn't know the answer to your question, since underwriters don't have any more access to FICO algos than consumers, but, like @Thomas_Thumb said, it's the older FICO models now used as mortgage scores that don't differentiate AU from primary for scoring purposes.  All models from FICO8 forward do.

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Thanks for the clarification. Is there a masterlist of institutions that use those older scoring models like TU4, EQ5 and EX2 for credit cards?

[Slabenstein]

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@myfavoritehue wrote:

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Thanks for the clarification. Is there a masterlist of institutions that use those older scoring models like TU4, EQ5 and EX2 for credit cards?

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Not that's currently maintained.  You can view an old thread here for some idea, it's just a few years out of date.  Generally, you're going to be more likely to find FICO98 or FICO04 scores being used for consumer underwriting at small, local credit unions, but the vast majority of lenders, CU or bank, are on FICO8 for consumer stuff.

With regards to small, local credit unions, I'd also keep in mind that they're probably going to be doing manual underwriting, so, even if you're getting a score benefit from AU accounts, they're going to remove them from consideration for all other aspects of underwriting.

[myfavoritehue]

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@Slabenstein wrote:

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@myfavoritehue wrote:

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Thanks for the clarification. Is there a masterlist of institutions that use those older scoring models like TU4, EQ5 and EX2 for credit cards?

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Not that's currently maintained.  You can view an old thread here for some idea, it's just a few years out of date.  Generally, you're going to be more likely to find FICO98 or FICO04 scores being used for consumer underwriting at small, local credit unions, but the vast majority of lenders, CU or bank, are on FICO8 for consumer stuff.

With regards to small, local credit unions, I'd also keep in mind that they're probably going to be doing manual underwriting, so, even if you're getting a score benefit from AU accounts, they're going to remove them from consideration for all other aspects of underwriting.

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Thanks for the heads up. I'll have to do more homework and follow up with some calls to those institutions to interview them to gauge which CUs to join. I stepped away from credit a while ago but it seems like things have really tightened up.