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Established Member
Posts: 43
Registered: ‎11-04-2016
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Credit Karma Equifax score

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.

Valued Contributor
Posts: 4,257
Registered: ‎04-11-2016
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Re: Credit Karma Equifax score

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.

Established Member
Posts: 43
Registered: ‎11-04-2016
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Re: Credit Karma Equifax score

[ Edited ]

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.

Established Contributor
Posts: 823
Registered: ‎02-11-2016
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Re: Credit Karma Equifax score

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.


March '17: EX 686 | TU 680 | EQ 680 -- Starting (2/2016): 630 | 620 | 580 -- INQs: 15 | 24 | 26
Total CL on all cards: $56,500
Gardening until 4/2019
Valued Contributor
Posts: 1,859
Registered: ‎05-05-2010
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Re: Credit Karma Equifax score


sonatina 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.


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.

 

 

Established Member
Posts: 43
Registered: ‎11-04-2016
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Re: Credit Karma Equifax score

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

Valued Contributor
Posts: 1,859
Registered: ‎05-05-2010
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Re: Credit Karma Equifax score


sonatina wrote:

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


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

 

 

Established Member
Posts: 43
Registered: ‎11-04-2016
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Re: Credit Karma Equifax score

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% 

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