Credit Cards

[SE7EN57]

I know this has been asked a zillion times but I just recieved my card in the mail today signed up for estatements and got my Fico score and it's 718 which completely took me by suprise. Is this a legit score? because here on myFico my TU score is only 671 as of 1/18/2013. I'm not complaining I'm actually just in shock seeing 700+ . A year ago my scores were low 500's. 

[john398]

Are you sure that doesnt say 817

[john398]

opps never mind and not letting me edit my prev msg anyway, i see now where the meter points to 718 sorry

[rtw]

They are both FICO scores. My walmart TU is 728 and my TU FICO here is 674.

[jsucool76]

Walmart uses TU08, MyFico uses TU98 which is an older version (one that almost no lenders use). This would be the reason for the score difference. The two versions weigh things differently.

Hope this helps!

[09Lexie]

My TU Walmart score for this month was 702 and the scores I received from lenders during my mini -app spree were 707.  So, I'm thinking the WalMart score is pretty accurate to lenders (Discover and Amex) based on my apps. 

YMMV

Edited: IPad' auto correct

[SE7EN57]

Thanks for the quick replies everyone! I noticed when I apped and got denied for Barclays NFL card my TU matched the scores here on myFico in thje letter they sent which is why I'm a bit confused. 

[dodgerslv]

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SE7EN57 wrote:

Thanks for the quick replies everyone! I noticed when I apped and got denied for Barclays NFL card my TU matched the scores here on myFico in thje letter they sent which is why I'm a bit confused. 

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hmmm...Barclays then may still be using the TU98 version on their approval process (one of the few). Im actually surprised they denied u with that score, what were the reasons for the denial if you dont mind me asking?

[masscredit]

How come there isn't a standard that all creditors go by instead of some using old versions, some using new and others using their own ways to calculate scores. It would make things a lot easier! 

[SE7EN57]

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dodgerslv wrote:

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SE7EN57 wrote:

Thanks for the quick replies everyone! I noticed when I apped and got denied for Barclays NFL card my TU matched the scores here on myFico in thje letter they sent which is why I'm a bit confused. 

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hmmm...Barclays then may still be using the TU98 version on their approval process (one of the few). Im actually surprised they denied u with that score, what were the reasons for the denial if you dont mind me asking?

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Inquiries which were from car loan and short credit history which is 11 months were the reasons. I tried reconing twice and no luck. Both times they said they wanted to see more history and to reap in 8-12 months. 

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masscredit wrote:

How come there isn't a standard that all creditors go by instead of some using old versions, some using new and others using their own ways to calculate scores. It would make things a lot easier! 

I agree 100%