Credit Cards Center Credit cards from our partners
Reply
Regular Contributor
Posts: 129
Registered: ‎08-08-2009
0

Sears Solution Mastercard Fico score.

          This card offers a monthly Tu Fico score but is it a true Fico? Last month it reported my Tu Fico at 688. I pulled Tu from here last month and it was only 644. Just logged on today and it says my Tu is 692. I also subscribe to CCT and my fako scores have not moved.

Moderator Emeritus
Posts: 32,865
Registered: ‎08-04-2007
0

Re: Sears Solution Mastercard Fico score.

Nope. It's a FAKO called a TransRisk score. It is offered via CreditKarma which also uses TU.

 

http://www.searsscore.com/

 

Regular Contributor
Posts: 129
Registered: ‎08-08-2009
0

Re: Sears Solution Mastercard Fico score.

 ThanksSmiley Happy  I will disregard the scores from now on.

Moderator Emeritus
Posts: 32,865
Registered: ‎08-04-2007
0

Re: Sears Solution Mastercard Fico score.

Don't be so quick to discount it, OP. A fellow mod pointed out that it says "FICO" on their homepage of the Sears credit page. Off to research.

New Member
Posts: 6
Registered: ‎12-04-2010
0

Re: Sears Solution Mastercard Fico score.

RE: Sears card TU FICO ... it also has the copywrite logo after FICO so it should be the true FICO, right?

Regular Contributor
Posts: 238
Registered: ‎02-16-2008
0

Re: Sears Solution Mastercard Fico score.

It is a Fico score, but it is fico creditcard score.  Fico generate a car loan score, a credit card score and a all purpose score.  The Sears Solution score is the credit card score.  Wamu called this score the pfico score.  It is a variation of the fico score for credit cards.

 

 

Ole My2cents.

700 Club Member
New Member
Posts: 6
Registered: ‎12-04-2010
0

Re: Sears Solution Mastercard Fico score.

So in the generall scheme of things how good is it to get credit?

Regular Contributor
Posts: 238
Registered: ‎02-16-2008
0

Re: Sears Solution Mastercard Fico score.

               3 Key Points

1.  For the mere fact that Fico created a credit card score, I think that large banks actually use this variation of the score more,

      because it is better in predicting risk for the banks when issuing credit cards. 

2.  However the card is an HSBC card and HSBC can be low limit cards if your file is full of low limit cards. 

3.  This card is also a secondary card if the first provider, which is Citi, deny you, then HSBC will counter with the Sears Solution mastercard. 

 

So in essence, everyone with the Sears Solution Mastercard has been turned down for the Sears(Citi backed card).

 

Ole My2centsSmiley Wink

700 Club Member
New Member
Posts: 6
Registered: ‎12-04-2010
0

Re: Sears Solution Mastercard Fico score.

Thanks for the reply. True, my Sears card is low limit (600) but my purchases have never hit the limit and it's paid off every month. I also have a BofA card with a 500 limit and the same with that. USBank however just gave me a card with a 5,500 limit - overall my debt ratio is less than 1% per month with everything being paid off end of month. That FICO score from Sears/TU sits at 811 and I have no idea how that correlates to the overall credit score scenaro .....

Moderator Emeritus
Posts: 17,409
Registered: ‎07-14-2009
0

Re: Sears Solution Mastercard Fico score.

VEEVEE wrote:

          This card offers a monthly Tu Fico score but is it a true Fico? Last month it reported my Tu Fico at 688. I pulled Tu from here last month and it was only 644. Just logged on today and it says my Tu is 692. I also subscribe to CCT and my fako scores have not moved.


I finally found an answer for you. This is a legit score being offered by HSBC, for some of their Sears and KMart portfolios. This is part of the same program as by PSECU and formerly by WaMu (now Chase).

 

I also believe this is the TU04 version.

 

 

 

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

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

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.