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Established Member
jtaber79
Posts: 22
Registered: ‎05-05-2011

Capital One Question?

Hi All,

 

I am new here, and like a lot of people, I am rebuilding my credit after bankruptcy (discharged 7/09) and divorce.

 

I started with a credit score of around 588.

 

I applied and got my first card after bankruptcy in April of 2010.  A Capital One card with a $500 CL that, after about 6 months, got a CLI to $750.

 

I have a couple of store accounts with low limits and I have a new car loan the past November.

 

I have been 100% on-time with everything for the past year and have been trying to get the bad accounts off my credit report.  So far I think I am doing OK.

 

My TrueCredit FAKO' score are:

 

TU: 684

EX: 634

EQ: 654

 

I applied for a Capital One No Hassle Rewards card a couple of days ago and was approved online instantly.  :smileyhappy:

 

Now, for my question.  I have not yet received my card yet, but Capital One did sent me disclosure information on my new account.   On the back page it says my Experian credit score is 608. 

 

I am curious to know ... Is this really my Experian FICO or is it a Plus score or another FAKO?

 

 

 

 

 


Starting Scores 5/2/2010: 580 (EX FAKO) 605 (EQ) 609 (TU) | CH7 BK Discharged 7/2009
Current Scores as of 06/20/13: 700 (EX FAKO - Credit.com) 694 (MyFICO EQ) 709 (Bank TU Pull)
Goal Score: 720


Take the FICO Fitness Challenge

Community America CU: $5k
Jared Jewelry: $2.8k
CFNA Firestone: $1.4k
Merrick Bank Visa: $1.7k
Capital One Platinum MC: $1.2K
Paypal Mastercard: $800
Kay Jewelry: $800
Capital One Cash Rewards: $750
Nebraska Furniture Mart: $700
Wal-Mart: $500
Q-Card: $400
Old Navy: $200
Frequent Contributor
tsquad131
Posts: 474
Registered: ‎09-12-2010

Re: Capital One Question?

I've heard most lenders use FICO scores to look at when making a lending decision so thats why people buy FICO scores so the consumer can see what the lenders see, I've heard for auto loans that lenders use Plus scores to make a loan decision. I would guess its a FICO

FICO scores - 727 TU(Walmart)/ 727 EX(Amex app)/ 721 EQ(Discover app)
In My Wallet: BankAmericard Cash Rewards($2,000), Discover More($3,000), Chase Freedom($2,000), Fidelity Amex($1,000), Sam's Club Discover($4,400), SallieMae 5% Mastercard($5,000), Amex BCE($2,000) ,Citi Simplicity($2,000), Paypal SmartConnect($3,100), Walmart Store Card($2,350), Chase Amazon Visa($700), Target RedCard($500), Capital One Cash Rewards($750), Best Buy Store Card($1,900), HHGregg($2,000), Amazon Store Card($1,250),Newegg Preferred Account($2,000), Park West($2,000), BankAmericard Travel Rewards($5,000)
Moderator Emeritus
MarineVietVet
Posts: 14,084
Registered: ‎07-14-2009

Re: Capital One Question?

Hello and welcome to myFICO.

 

Lenders have access to all three FICO scores so I'm pretty sure (I'm not certain of anything having to do with credit) that the score Cap 1 sent you is a real FICO score.

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Moderator Emeritus
MarineVietVet
Posts: 14,084
Registered: ‎07-14-2009

Re: Capital One Question?


tsquad131 wrote:

I've heard most lenders use FICO scores to look at when making a lending decision so thats why people buy FICO scores so the consumer can see what the lenders see, I've heard for auto loans that lenders use Plus scores to make a loan decision. I would guess its a FICO


At this time I don't believe any lenders are using Plus scores.

 

This is from the Experian website:

 

The PLUS Score®, developed by Experian, and the different risk levels presented by it, are for educational use only. The PLUS Score® is not currently sold to lenders, and is not an endorsement or guarantee of your credit worthiness as seen by lenders.

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

 

Valued Contributor
Uborrow-Upay
Posts: 2,710
Registered: ‎10-16-2008

Re: Capital One Question?

[ Edited ]

tsquad131 wrote:

I've heard most lenders use FICO scores to look at when making a lending decision so thats why people buy FICO scores so the consumer can see what the lenders see, I've heard for auto loans that lenders use Plus scores to make a loan decision. I would guess its a FICO


tsquad131, lenders will usually use a different flavor of the FICO score, known as the Auto Enhanced Score, when deciding auto loans.  It is tailored specifically for that industry.  A Plus score is a different animal altogether.

 

A fuller explanation of Auto Enhanced scoring and how it's used can be found here.

 

Hope this helps.  :smileyhappy:

 

 

P.S. to the OP, jtaber79:  Marinevietvet is right, I believe.  It's probably your real EX FICO score shown on that disclosure from Cap1.  And welcome to the myFICO community!

 

 

Established Member
jtaber79
Posts: 22
Registered: ‎05-05-2011

Re: Capital One Question?

Thanks everyone!

 

It would figure that they would use my Experian FICO (which I think reflects the most negative).  When I applied for the No Hassle Rewards card, they pulled TransUnion and Experian but not Equifax (or at least I have not seen it show up yet as in INQ and it's been over a week).

 

I am still cleaning up my Experian and Equifax reports.  I have managed to get all but one derogatory off my TU report and it won't be going away for some time (BK).  Experian and Equifax seem to take longer for responses to disputes.   According to where I live,  there is a 3rd party (CSC Credit Services) that I have to go through for Equifax.  Experian won't let me dispute anything online anymore :smileysad: 

 

 

 

 


Starting Scores 5/2/2010: 580 (EX FAKO) 605 (EQ) 609 (TU) | CH7 BK Discharged 7/2009
Current Scores as of 06/20/13: 700 (EX FAKO - Credit.com) 694 (MyFICO EQ) 709 (Bank TU Pull)
Goal Score: 720


Take the FICO Fitness Challenge

Community America CU: $5k
Jared Jewelry: $2.8k
CFNA Firestone: $1.4k
Merrick Bank Visa: $1.7k
Capital One Platinum MC: $1.2K
Paypal Mastercard: $800
Kay Jewelry: $800
Capital One Cash Rewards: $750
Nebraska Furniture Mart: $700
Wal-Mart: $500
Q-Card: $400
Old Navy: $200
Member
annalog
Posts: 46
Registered: ‎05-04-2011

Re: Capital One Question?

From my experience, CapitalOne ususally pulls all three credit bureau reports.  Wierd.

EX=800, EQ=814, TU=946
Valued Contributor
trumpet-205
Posts: 2,177
Registered: ‎11-11-2010

Re: Capital One Question?

Cap One also pull Innovis, a small CRA in US.

In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)

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