Credit scores not standardized?

[beatle]

I ran my annual credit report from Trans Union back in March shortly after they changed how the FICO scores were calculated. Today I ran my report for Equifax and it computed my score using the old scale. Did Equifax not get the memo or what?

 

[FoBoT]

FICO is different than the 3 credit reporting agencies
http://www.myfico.com/Company/AboutUs.aspx?fire=4

myFICO is the consumer division of Fair Isaac, the company that invented the FICO credit risk score that lenders use. Starting in the 1960s, Fair Isaac sparked a revolution by pioneering credit risk scoring for the financial services industry. This new approach to lending enabled financial institutions to improve their business performance and expand consumers? access to credit. Today Fair Isaac?s FICO score is widely recognized as the industry standard for lenders.

myFICO offers informative, actionable credit information products that help people understand actions they can take to improve and protect their overall financial health. Through myFICO.com and our associates, over ten million FICO scores have been sold to U.S. consumers since we launched our consumer service in March of 2001. Learn more about our Partner Programs.

We are allied with national credit reporting agencies Equifax, TransUnion and Experian to create a new generation of credit information products that empower consumers to understand, improve and protect their true credit standing.

 

[Viper GTS]

The big three bureaus created a new scoring system to try to steal part of Fair Isaac's pie.

Reports containing identical information should score the same under that system, but it is not related in any way to FICO. It is a competing product.

Essentially the big three bureaus agreed to develop a unified competitor to FICO instead of each having their own.

Viper GTS

 

[beatle]

I guess Equifax is still reporting FICO since it only goes to 850. The scale my Trans Union score was on went to 990.