topic Re: WAMU Transunion FICO in Credit Cards

WAMU Transunion FICO

Takunda1 — Sat, 18 Aug 2007 16:50:28 GMT

Since I received my card form WAMU, I can see my score but it always says that detailed info is unavailable. Is this how it's supposed to work? I'm glad they give the true FICO though so at least I don't have to spend $15 on here to get my TU score. Between WAMU and TC, I have Transunion covered.

Re: WAMU Transunion FICO

sleigh17 — Sat, 18 Aug 2007 17:20:15 GMT

Takunda1 wrote:
Since I received my card form WAMU, I can see my score but it always says that detailed info is unavailable. Is this how it's supposed to work? I'm glad they give the true FICO though so at least I don't have to spend $15 on here to get my TU score. Between WAMU and TC, I have Transunion covered.

How long have you had your WAMU card? When I first got mine in March, it had the FICO score with detailed info unavailable until the next time the score was updated (about a month later). At that time, everything showed up okay.

Re: WAMU Transunion FICO

VLGaffEsq — Sat, 18 Aug 2007 18:15:07 GMT

Please be advised that these scores from WaMu/Trans Union are what's known as "fako scores." They are usually a bit higher than your actual and legitimate FICO scores that you must pay to obtain from MyFICO.com. It is, however, a good information tool to allow you to see how your score goes up and down each much, depending upon your credit utilization. Although the reason codes are very general, I happen to like this service provided by WaMu since it lets you see your last 12 months worth of info. But utilize it only informational purposes.

Re: WAMU Transunion FICO

fused — Sat, 18 Aug 2007 18:18:09 GMT

VLGaffEsq wrote:

Please be advised that these scores from WaMu/Trans Union are what's known as "fako scores." They are usually a bit higher than your actual and legitimate FICO scores that you must pay to obtain from MyFICO.com. It is, however, a good information tool to allow you to see how your score goes up and down each much, depending upon your credit utilization. Although the reason codes are very general, I happen to like this service provided by WaMu since it lets you see your last 12 months worth of info. But utilize it only informational purposes.

Nope! The score at WAMU's site is PFICO, a credit card enhanced score.

Re: WAMU Transunion FICO

onmyway3161 — Sat, 18 Aug 2007 20:42:54 GMT

Fused is right. It is a true fico score. The P stands for Providian.

Re: WAMU Transunion FICO

Brammy — Sat, 18 Aug 2007 21:54:07 GMT

VLGaffEsq wrote:

Please be advised that these scores from WaMu/Trans Union are what's known as "fako scores." They are usually a bit higher than your actual and legitimate FICO scores that you must pay to obtain from MyFICO.com. It is, however, a good information tool to allow you to see how your score goes up and down each much, depending upon your credit utilization. Although the reason codes are very general, I happen to like this service provided by WaMu since it lets you see your last 12 months worth of info. But utilize it only informational purposes.

These are not FAKO scores, what these are are the real BankCard FICO scores. They will differ from your true FICO score. My TU FICO is 704 my TU BankCard is lower. There are several different models of REAL FICO scores. You have the BankCard, the Classic , the Auto enhanced.....

Message Edited by Brammy on 08-18-2007 05:54 PM

Re: WAMU Transunion FICO

Doodah — Sat, 18 Aug 2007 22:20:59 GMT

PFICO isn't Providian FICO. P is for Precision, which is the Precision Scoring model used by TransUnion.

Re: WAMU Transunion FICO

Takunda1 — Sat, 18 Aug 2007 22:59:11 GMT

sleigh17 wrote:

How long have you had your WAMU card? When I first got mine in March, it had the FICO score with detailed info unavailable until the next time the score was updated (about a month later). At that time, everything showed up okay.

Oh okay thanx. I just got my card about a week ago. I guess I'll wait till next month then.

Re: WAMU Transunion FICO

section8 — Sun, 19 Aug 2007 02:00:17 GMT

So, do most Credit Cards use PFICO or regular old FICO? My WAMU reported PFICO is around 50 points higher then the other.

Re: WAMU Transunion FICO

Brammy — Sun, 19 Aug 2007 02:14:48 GMT

section8 wrote:

So, do most Credit Cards use PFICO or regular old FICO? My WAMU reported PFICO is around 50 points higher then the other.

The credit score you get from myfico is the classic FICO, usually used in mortgage scoring. Some banks use a bankcard formula. Junny actually uses and provides whats called a TransRisk scorethat supposedly calculates the risks of you filing bankruptcy

Re: WAMU Transunion FICO

section8 — Sun, 19 Aug 2007 02:34:25 GMT

It would be nice if we knew which credit cards used which formulas :)