topic Re: 36 pt. difference in Walmart TU and myfico TU? in Understanding FICO® Scoring

36 pt. difference in Walmart TU and myfico TU?

racer-x — Mon, 19 Nov 2012 00:43:29 GMT

Recently obtained a Walmart credit card with a $700 limit. Haven't used it yet. (month old)

I logged into my Walmart account and pulled the free TU score that Walmart offers.

It is 36 points lower than my TU here on myfico. 641 vs. 677. My EQ is 702. EX 674.

Seems like a large variance in the Walmat TU and myfico TU. What gives? Is that normal?

Re: 36 pt. difference in Walmart TU and myfico TU?

dodgerslv — Mon, 19 Nov 2012 00:49:13 GMT

racer-x wrote:
Recently obtained a Walmart credit card with a $700 limit. Haven't used it yet. (month old)
I logged into my Walmart account and pulled the free TU score that Walmart offers.
It is 36 points lower than my TU here on myfico. 641 vs. 677. My EQ is 702. EX 674.

Seems like a large variance in the Walmat TU and myfico TU. What gives? Is that normal?

same scenario here except with me is the other way around Walmart TU has me at 694 and MyFico has me at 648....i think one of them is TU98 version while the other is a different one...maybe someone can give is more info on that...

Re: 36 pt. difference in Walmart TU and myfico TU?

Duncanrr — Mon, 19 Nov 2012 00:50:41 GMT

They use different versions of TU. Walmart is TU08 and MyFICO is the older TU04.

Re: 36 pt. difference in Walmart TU and myfico TU?

dodgerslv — Mon, 19 Nov 2012 00:52:56 GMT

Duncanrr wrote:
They use different versions of TU. Walmart is TU08 and MyFICO is the older TU04.

ok...thanks for the info Duncanrr....:smileyhappy:

Re: 36 pt. difference in Walmart TU and myfico TU?

racer-x — Mon, 19 Nov 2012 01:11:21 GMT

So which is more accurate or more reliable? Please say myfico...lol.

Also, I just paid $19.95 for my most current TU here on myfico....684...it's gone up 7 pts. in the past 2 wks.

Now my TU varies 43 pts. between Walmart TU and myfico TU.

I hated to spend the $19.95, but that would've been buggin' the heck out of me all night. $20 for peace of mind I guess.

Re: 36 pt. difference in Walmart TU and myfico TU?

creditnocash — Mon, 19 Nov 2012 01:36:42 GMT

racer-x wrote:
So which is more accurate or more reliable? Please say myfico...lol.
Also, I just paid $19.95 for my most current TU here on myfico....684...it's gone up 7 pts. in the past 2 wks.
Now my TU varies 43 pts. between Walmart TU and myfico TU.

I hated to spend the $19.95, but that would've been buggin' the heck out of me all night. $20 for peace of mind I guess.

they are both accurate...

they are both FICO scores but use different formulas to calculate score

my tu walmart score was 743 while on here it sits at 690

Re: 36 pt. difference in Walmart TU and myfico TU?

dude11 — Mon, 19 Nov 2012 01:37:47 GMT

Duncanrr wrote:
They use different versions of TU. Walmart is TU08 and MyFICO is the older TU04.

I thought myfico TU here is 98?

Re: 36 pt. difference in Walmart TU and myfico TU?

Duncanrr — Mon, 19 Nov 2012 01:46:02 GMT

you might be right. I just know the one here is the older version.

Re: 36 pt. difference in Walmart TU and myfico TU?

beb86 — Mon, 19 Nov 2012 01:56:52 GMT

walmart is TU08, lenders pull TU04, and myFICO is TU98

Re: 36 pt. difference in Walmart TU and myfico TU?

Revelate — Tue, 20 Nov 2012 15:57:35 GMT

beb86 wrote:
walmart is TU08, lenders pull TU04, and myFICO is TU98

Mortgage lenders pull TU04 (guarunteed atm); however, everyone else is free to use whatever version they want and it's a challenge to tell what particular version was used unfortunately.

Re: 36 pt. difference in Walmart TU and myfico TU?

beb86 — Tue, 20 Nov 2012 19:26:04 GMT

Revelate wrote:
beb86 wrote:
walmart is TU08, lenders pull TU04, and myFICO is TU98
Mortgage lenders pull TU04 (guarunteed atm); however, everyone else is free to use whatever version they want and it's a challenge to tell what particular version was used unfortunately.

Yeah I think Barclays uses the TU98.

Re: 36 pt. difference in Walmart TU and myfico TU?

Revelate — Tue, 20 Nov 2012 21:21:05 GMT

beb86 wrote:
Revelate wrote:
beb86 wrote:
walmart is TU08, lenders pull TU04, and myFICO is TU98
Mortgage lenders pull TU04 (guarunteed atm); however, everyone else is free to use whatever version they want and it's a challenge to tell what particular version was used unfortunately.
Yeah I think Barclays uses the TU98.

Yeah, rumor had it that NFCU uses it too at times, but it's incredibly hard to tell from anecdotal evidence without several data points lining up and I don't think they have in this case. Personally I tend not to worry about it; however, whenever I do actually apply for another card of some sort (or even mortgage even though I know that's '04) I will likely pre-pay my Amex charge card just in case anyway :).

Re: 36 pt. difference in Walmart TU and myfico TU?

Jazzzy — Thu, 22 Nov 2012 02:23:35 GMT

My understanding from reading about the TU from WalMart is that it is considered more "consumer friendly." I'm not sure what that means...but it's been posted that it may not count small collection accounts, etc. I don't know what the truth is.

What I do know is that my TU FICO from this site (TU 98) is 772. My TU FICO from the WalMart card (TU 08) is 817. That's a whopping difference.

I'm not sure I have much faith in the TU 08 from WalMart. It might make us feel better, but I don't think lenders use it (either credit card or mortgage). My EQ FICO is 785, and that leads me to have more faith in this site's TU FICO, because the two are closer together. I don't truly think I'm an 817 as my WalMart TU says. It would be nice, but I don't think it's reality. I actually got the WalMart card in order to get the free TU, and I had planned on cancelling my Quarterly TU monitoring through this site. I'm keeping it though. I think it's more realistic.

Re: 36 pt. difference in Walmart TU and myfico TU?

tdoger — Sun, 25 Nov 2012 05:00:32 GMT

This is definitely a YMMV thing. My MyFICO TU is 784, Walmart is 739. The only ding reporting is a 45 month old 30 day late, so I don't understand the "consumer friendly' notion for the 08 model.

Re: 36 pt. difference in Walmart TU and myfico TU?

brother7 — Sun, 25 Nov 2012 12:40:16 GMT

In my case, Walmart, Credit Karma and a letter from GECRB are all very close.

11/8 Walmart 698

11/8 Credit Karma 695

11/16 Letter from GECRB 694

The letter from GECRB explained why I wasn't given the best interest rates on a new Paypal Extras MC. They pulled TU.