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Regular Contributor
MustangSaluki
Posts: 202
Registered: ‎07-07-2008

Re: DiscoverIt FICO score.

Congrats on the approval and the great score!!

 

Is that TU08 FICO and not EQ FICO since EQ maxes at 816? 

Moderator
Shogun
Posts: 12,896
Registered: ‎04-15-2011

Re: DiscoverIt FICO score.

EQ FICO maxes @ 850.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Valued Contributor
Epcot
Posts: 2,777
Registered: ‎10-10-2012

Re: DiscoverIt FICO score.

That's a great Score, I'm jealous! :smileyhappy: Congrats.

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 809 EX 774 TU 805
App free since 4/11/13
Valued Contributor
android01
Posts: 1,206
Registered: ‎09-22-2009

Re: DiscoverIt FICO score.

Anecdotaly, there was an extensive analysis of real FICO scores at the Board That Shall Not Be Named in the pinned topic section.  I'll try to paste some of the results here.  Credit due to those who created it.  So if the OP's score is a Beacon 5 EQ score, which is the score we get here at Myfico, then they just blew the 818 limit out of the water.  

 

FICO 98
Transunion FICO Risk Score, Classic 98: score ranges from 336 to 843

FICO 04
Equifax Beacon 5.0 Facta: scores range from 334 to 818.
Experian Fair Isaac V2: scores range from 320 to 844.
Trans Union FICO Risk score Classic 04: scores range from 309 to 839.

Auto Enhanced Equifax Beacon 5.0 has a score range from a low of 250 to a high of 843.
Auto Enhanced Experian Scores range from a low of 250 to a high of 877.
Auto Enhanced TransUnion Scores range from a low of 253 to a high of 893.

FICO 08
Equifax Beacon 09: score ranges from ___ to 850
Experian Experian/FICO Risk Model v08: score ranges from 316 to 850
Transunion FICO 8 Risk Score (AKA Walmart Fico): score ranges from 341 to 850

Summary:

FICO 98
TU = 336-843

FICO 04
Eq = 334-818
Ex = 320-844
TU = 309-839

AE Eq = 250-843
AE Ex = 250-877
AE TU = 253-893

FICO 08
Eq = ?-850
Ex = 316-850
Tu = 341-850

EQ FICO - EQ08 - 850 - 6/17/14
TU FICO - TU08 - 850 - 6/17/14
EX FICO - EX08 - 850 - 6/17/14
Regular Contributor
MustangSaluki
Posts: 202
Registered: ‎07-07-2008

Re: DiscoverIt FICO score.

Looks like Discover It provides Beacon 09 (Fico 08) scores! Nice. The DCU scores we get do max out at 818 (not 816).

Valued Contributor
MsLadyRover
Posts: 2,727
Registered: ‎03-14-2012

Re: DiscoverIt FICO score.

Congratulations!



Starting Score: 639 (Walmart TU)
Current Score: TU 699 (myFICO) EX 685 (myFICO) EQ 697 (myFICO)
Goal Score: 700 Across the Board (Mortgage Goal Achieved 1/31/2012!)

Take the FICO Fitness Challenge
Moderator
Shogun
Posts: 12,896
Registered: ‎04-15-2011

Re: DiscoverIt FICO score.

Scorewatch myFICO was listing 788 when I applied.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Regular Contributor
PleioneG
Posts: 114
Registered: ‎08-29-2012

Re: DiscoverIt FICO score.

Congratulations! How did you get your score? Was it by request? I ask only because I did not see a score on my letter when they sent my card. :smileysad:


Wallet: Capital One Platinum - $2000, Amazon - $3000, Walmart - $3000, Discover It - $1000, Chase Freedom - $3000
Current Score: TU98: 678 - 2/2012, Walmart TU - 672 2/2013, Equifax 713 - 1/2013
Goal Score: 700 for all three.
GC Challenge: App free since 1/2013. No more apps! 2015 for mortgage!
Established Contributor
awdsmama
Posts: 755
Registered: ‎01-20-2012

Re: DiscoverIt FICO score.

Wowzers Shogun that is awesome!!! 

 

 

Fico: 701 (5/22/14) 682 (5/9/2014)
Discover IT $5,200 / CU Visa $1,000 / JC Penny$3,000
App Free since 2/2013
Valued Contributor
android01
Posts: 1,206
Registered: ‎09-22-2009

Re: DiscoverIt FICO score.


Shogun wrote:

Scorewatch myFICO was listing 788 when I applied.


That's a good data point to know.  It seems like Discover is using FICO 08.  I've heard this before, but it's hard to tell as so few lenders have made the switch from 04 to 08.  The TU08 score is also used by Walmart.  It would be nice if SOME DAY the antique TU98 score we can get here at Myfico could at least be updated to 04, if not 08.      

EQ FICO - EQ08 - 850 - 6/17/14
TU FICO - TU08 - 850 - 6/17/14
EX FICO - EX08 - 850 - 6/17/14

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
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