Credit Karma Equifax score

[Anonymous]

Capital One just informed me my Equifax credit score from last December is 651, yet my current Equifax score on Credit Karma is 762. My FICO 8 credit score is 700. Why would they pull / use a credit score from last year rather than one more current. My score has gradually gone up but hasn't been that low in 6 months.

[Anonymous]

Which Capital One credit score are you referring to?  The score they provide from "Credit Wise" is a TU VS 3.0 score (not a FICO score) or are you referring to a FICO score from EQ that they provided you with following a CLI or something?

A lot of times creditors use their last SP they have on you when making a decision.  Depending on the creditor, this could be a month or two old... possibly longer.  If my score is going up or has gone up a good deal I make sure that a creditor has hit me with a recent SP before requesting a CLI if possible.

[Anonymous]

The one score [762] is the credit wise score. The other score I have is a FICO 8 score [700]. The 651 is the EQ score Capital One listed from last December.

How exactly do you request Capital One to use a more recent SP? I used the on-line form from their webpage to request the CLI. Should I call CS? The chat feature appears useless.  

My CL is already generous [$7500} which I use to cover the majority of my monthly bills [$2000] which in turn I pay off each month. I've never requested an increase before. My utilization is 18%. Kinda surprized.

[MrsCHX]

My first guess as to how these lenders end up using old SPs is that every pull cost them something. Target SPs my credit report every 3 months. I can get Synchrony to pull a fresh report by calling credit solutions. Cap One seems to do their own thing...I would imagine since they won't even entertain CLIs but once every 6 months that they don't SP that often.

[sjt]

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@Anonymous wrote:

The one score [762] is the credit wise score. The other score I have is a FICO 8 score [700]. The 651 is the EQ score Capital One listed from last December.

How exactly do you request Capital One to use a more recent SP? I used the on-line form from their webpage to request the CLI. Should I call CS? The chat feature appears useless.  

My CL is already generous [$7500} which I use to cover the majority of my monthly bills [$2000] which in turn I pay off each month. I've never requested an increase before. My utilization is 18%. Kinda surprized.

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The EQ score of 651 is an earlier version of the FICO score they pulled for the CLI. Capital One uses earlier versions of FICO (either FICO 4 or 5) for CLI or applications.

[Anonymous]

So is FICO 4 or 5 typically lower than your FICO 8 score?

[sjt]

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@Anonymous wrote:

So is FICO 4 or 5 typically lower than your FICO 8 score?

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It depends on your credit profile. With some folks FICO 8 is higher and with others its the opposite.

[Anonymous]

Follow up. Here's the reasons Capital provided why my EQ score [651] was reported. And what was on that report.

• Derogatory public record or collection filed
• Length of time since derogatory public record or collection is too short
• Length of time accounts have been established
• Proportion of balances to credit limits is too high on bank revolving or other revolving accounts

> The open collection was removed one week after the EQ report [december 2016].

> There are no derogatory public records. Collection was removed January 2017.

> AAOA is 3.4 years. Capital One accounts were established in 2008 / 2012.

> I recall ultilization was around 22% when the report was pulled. It's currently 16.5%