New to Discover and Credit score

[720ismygoal]

Hi all,

I just reveived the welcome letter with the FICO score from Discover and i have a few questions. When i applied on 4/25/12, I had a FICO score of 652(myfico.com and from Trans union). On that very same day i applied for a Discover credit card and was approved! The letter that i just received says that my FICO score is 695 pulled from Transunion. Why do you all think tha there's a huge difference of 43 points? is it because Discover might be using the FICO 8 model? I look forward to all of your expert opinions.

[john398]

Well whats was your WalMart Fico Score? Yes they may use TU08

[720ismygoal]

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@john398 wrote:

Well whats was your WalMart Fico Score? Yes they may use TU08

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Yeah, my fico score from walmart is a 680 and i did pay down mu UTI%, so that's probably why it jumped from 680 to 695. So does this mean that the FICO score from myfico.com is useless? 

[LS2982]

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@720ismygoal wrote:

Hi all,

I just reveived the welcome letter with the FICO score from Discover and i have a few questions. When i applied on 4/25/12, I had a FICO score of 652(myfico.com and from Trans union). On that very same day i applied for a Discover credit card and was approved! The letter that i just received says that my FICO score is 695 pulled from Transunion. Why do you all think tha there's a huge difference of 43 points? is it because Discover might be using the FICO 8 model? I look forward to all of your expert opinions.

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It is possible they used TU08, or a credit card enhanced FICO.

[LS2982]

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@720ismygoal wrote:

---

@john398 wrote:

Well whats was your WalMart Fico Score? Yes they may use TU08

---

Yeah, my fico score from walmart is a 680 and i did pay down mu UTI%, so that's probably why it jumped from 680 to 695. So does this mean that the FICO score from myfico.com is useless? 

---

I wouldn't say it's useless but its a good indicator of where your score is roundabout.

[720ismygoal]

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@LS2982 wrote:

---

@720ismygoal wrote:

Hi all,

I just reveived the welcome letter with the FICO score from Discover and i have a few questions. When i applied on 4/25/12, I had a FICO score of 652(myfico.com and from Trans union). On that very same day i applied for a Discover credit card and was approved! The letter that i just received says that my FICO score is 695 pulled from Transunion. Why do you all think tha there's a huge difference of 43 points? is it because Discover might be using the FICO 8 model? I look forward to all of your expert opinions.

---

It is possible they used TU08, or a credit card enhanced FICO.

---

Can you elaborate on this credit card enhanced FICO?

[LS2982]

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@720ismygoal wrote:

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@LS2982 wrote:

---

@720ismygoal wrote:

Hi all,

I just reveived the welcome letter with the FICO score from Discover and i have a few questions. When i applied on 4/25/12, I had a FICO score of 652(myfico.com and from Trans union). On that very same day i applied for a Discover credit card and was approved! The letter that i just received says that my FICO score is 695 pulled from Transunion. Why do you all think tha there's a huge difference of 43 points? is it because Discover might be using the FICO 8 model? I look forward to all of your expert opinions.

---

It is possible they used TU08, or a credit card enhanced FICO.

---

Can you elaborate on this credit card enhanced FICO?

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Any creditor can pull an enhanced FICO specific to their product (Auto, CC, Mortgage)

A credit card enhanced FICO put more emphasis on your current credit cards and any baddies related to CC's hurt more.

[720ismygoal]

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@LS2982 wrote:

---

@720ismygoal wrote:

---

@LS2982 wrote:

---

@720ismygoal wrote:

Hi all,

I just reveived the welcome letter with the FICO score from Discover and i have a few questions. When i applied on 4/25/12, I had a FICO score of 652(myfico.com and from Trans union). On that very same day i applied for a Discover credit card and was approved! The letter that i just received says that my FICO score is 695 pulled from Transunion. Why do you all think tha there's a huge difference of 43 points? is it because Discover might be using the FICO 8 model? I look forward to all of your expert opinions.

---

It is possible they used TU08, or a credit card enhanced FICO.

---

Can you elaborate on this credit card enhanced FICO?

---

Any creditor can pull an enhanced FICO specific to their product (Auto, CC, Mortgage)

A credit card enhanced FICO put more emphasis on your current credit cards and any baddies related to CC's hurt more.

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so this means that since i have baddies, this enhancer worked in my favor. Thanks dude!

[720ismygoal]

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@LS2982 wrote:

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@720ismygoal wrote:

---

@john398 wrote:

Well whats was your WalMart Fico Score? Yes they may use TU08

---

Yeah, my fico score from walmart is a 680 and i did pay down mu UTI%, so that's probably why it jumped from 680 to 695. So does this mean that the FICO score from myfico.com is useless? 

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I wouldn't say it's useless but its a good indicator of where your score is roundabout.

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it just seems hard to follow myfico scores when they are about 40 points apart.

[clocktick]

Agreed.  I'd even pay more if it were updated.