Reply
New Contributor
buggle
Posts: 63
Registered: ‎05-13-2009
0

re: cc enhanced fico scores

I know that there are auto - enhanced fico scores, but are there credit card enhanced fico scores?
Valued Contributor
WannaHouse
Posts: 1,080
Registered: ‎06-08-2008
0

Re: re: cc enhanced fico scores

No...as far as I know anyway.

Kathy


We are finally homeowners!!

Closed May 5th-30 yr fixed at 5.25%.

Established Contributor
Posts: 742
Registered: ‎12-19-2008
0

Re: re: cc enhanced fico scores

[ Edited ]

buggle wrote:
I know that there are auto - enhanced fico scores, but are there credit card enhanced fico scores?

 

I believe there is and it is called "PFICO". Hopefully someone else on this board can confirm this. How you would obtain this score I do not know.
Message Edited by plasticman on 07-28-2009 05:03 PM
Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
0

Re: re: cc enhanced fico scores

FICO has "industry-enhanced" scores for auto loans and for credit cards. Like all their products, lenders decide whether to use them or not.

It used to be that WaMu CC holders (I think they were those who originally had Providian cards) got their CC-enhanced FICO TU scores on their statements. Here on the forums (maybe elsewhere), they were called PFICO's, the P standing for Providian. So "PFICO" would only refer to those scores on former Providian cards.

I don't think that any other bank provides CC-enhanced FICO scores to their members, and AFAIK, we don't know which CC's (if any) use CC-enhanced scores for credit approval. It might be that they just really aren't used any more, but that's pure speculation.

They can't be gotten by consumer request.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Established Contributor
Posts: 742
Registered: ‎12-19-2008
0

Re: re: cc enhanced fico scores

Thanks for the post HTSU... very informative!
Frequent Contributor
hobojon
Posts: 261
Registered: ‎01-20-2009
0

Re: re: cc enhanced fico scores

I was told the fico score offerred with the Sears Solution MC is the EX bank card enhanced score. I don't know if this is true or not.
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: re: cc enhanced fico scores


hobojon wrote:
I was told the fico score offerred with the Sears Solution MC is the EX bank card enhanced score. I don't know if this is true or not.

 

http://www.creditmattersblog.com/2008/11/sears-kmart-mastercard-perk-free-fico.html
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: re: cc enhanced fico scores

[ Edited ]

buggle wrote:
I know that there are auto - enhanced fico scores, but are there credit card enhanced fico scores?

 

You may find this information useful:

 

http://www.creditmattersblog.com/2008/10/bankcard-industry-option-fico-score.html

 

"Available at all three major credit bureaus, the Industry Option FICO scores build on the predictiveness of classic FICO scores by incorporating additional credit information that is predictive for your specific industry-bankcard, auto lending, installment lending and finance company lending."

Message Edited by creditwherecreditisdue on 07-29-2009 01:13 PM
Frequent Contributor
hobojon
Posts: 261
Registered: ‎01-20-2009
0

Re: re: cc enhanced fico scores

[ Edited ]
http://blogs.wsj.com/wallet/2009/05/05/another-free-credit-score-casualty/
Message Edited by hobojon on 07-29-2009 10:20 AM
Senior Contributor
FretlessMayhem
Posts: 3,279
Registered: ‎08-03-2007
0

Re: re: cc enhanced fico scores

If they did EX instead of TU I would highly consider apping.
Here we go again...

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
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+