Why are there different versions of the FICO score, like FICO II, FICO III and FICO 08?
Every few years FICO redevelops their score model based on more recent consumer credit behaviors. This allows FICO to refine their algorithms to more accurately reflect potential risk and takes into account changes in credit behaviors. Each bureau supports a version of these FICO scores under their own branded names. FICO II, FICO III and FICO 08 are the branded names for the FICO score from Experian. See the above chart for the names of available FICO scores.
