What? We Have More Than Three FICO Scores?

We all knows that we have a FICO score, and most of us think we have just three, one per credit bureau. Would it surprise you, however, to learn that you actually have 49 different FICO scores? Is this a good thing, or a bad thing? Should I be managing one number, or 49 numbers? And, why do we have so many FICO scores?

FICO scores come in 6 different “flavors:” generic, mortgage, personal finance, bankcard, installment score and auto. Add to that the 3 different generations of the FICO score still available via each of the three credit bureaus and you can see how the numbers start to add up.  Why should you care?

FICO scores are important because lenders use them to approve or deny loans and set the terms of your accounts (credit limits, interest rates and down payment requirements), insurance companies use credit based insurance risk scores to insure or reject you (and to set premiums), employers sometimes check credit reports, the basis for credit scores, during the employment screening process, and a dramatic decrease in your score can indicate new negative credit reporting or fraud.

The good news is that solid credit management practices will result in a great score, regardless of what scoring system is being used.

Here they are….

Experian, FICO Risk Model V2 – Personal Finance
Experian FICO Risk Model V2 – Installment Loan
Experian, FICO Risk Model V2 – Bankcard
Experian, FICO Risk Model V2 – Auto
Experian, FICO Risk Model V2
Experian, FICO Risk Model V3
Experian, FICO Risk Model V3 – Auto
Experian, FICO Risk Model V3 – Personal Finance
Experian, FICO Risk Model V3 – Installment Loan
Experian, FICO Risk Model V3 – Bankcard
Experian, FICO Risk Model 08 – Mortgage
Experian, FICO Risk Model 08 – Auto
Experian, FICO Risk Model 08 – Bankcard
Experian, FICO Risk Model 08
Experian/FICO Advanced Risk Score 1.0
Experian/FICO Advanced Risk Score 2.0
FICO Risk Score, Classic 98
FICO Risk Score, Classic 98 Auto
FICO Risk Score, Classic 98 Personal Finance
FICO Risk Score, Classic 98 Installment Loan
FICO Risk Score, Classic 98 Bankcard
FICO Risk Score NextGen
FICO Risk Score NextGen 03
FICO Risk Score, Classic 08
FICO Risk Score, Classic 08 Auto
FICO Risk Score, Classic 08 Bankcard
FICO Risk Score, Classic 08 Mortgage
FICO Risk Score, Classic 04
FICO Risk Score, Classic 04 – Auto
FICO Risk Score, Classic 04 – Bankcard
FICO Risk Score, Classic 04 – Installment
FICO Risk Score, Classic 04 – Personal Finance
BEACON 09
BEACON 09 Mortgage
BEACON 09 Bankcard
BEACON 09 Auto
BEACON 5.0 – Mortgage
BEACON 5.0 – Auto
BEACON 5.0 – Bankcard
BEACON 5.0 – Installment
BEACON 5.0 – Personal Finance
BEACON 5.0
BEACON 96
BEACON 96 – Auto
BEACON 96 – Bankcard
BEACON 96 – Personal Finance
BEACON 96 – Installment
Pinnacle 1.0
Pinnacle 2.0
Also, read >  10 Cities With the Lowest Credit Scores


Editor’s Note:

The 49 different FICO scores were created to optimize the services of lenders, insurance companies, etc. While it’s good to know the “behind-the-scenes” of their practices, I would still only concern myself with the three FICO scores provided by the credit bureaus.  

-Captain SuperMoney