Credit Cards Center Credit cards from our partners
Reply
Frequent Contributor
Posts: 462
Registered: ‎03-04-2008
0

DCU Members getting free credit score?

I have this message on my account when I login today. Will this be a true fico score?
Moderator
Posts: 17,419
Registered: ‎07-14-2009
0

Re: DCU Members getting free credit score?


eddymvp wrote:
I have this message on my account when I login today. Will this be a true fico score?

I would think the answer will be in the details. Read the information carefully. If you don't see the word "FICO" anywhere when it talks about credit scores I would be very wary and ask further questions.

 

 

From a BK years ago to:
7/09 TU-742 EQ- 779
8/09 TU-765 EQ- 783
9/09 EX pulled by lender 802

You can do the same thing with hard work

Credit Scoring 101
Common Abbreviations
Frequently Requested Threads
Credit Problems Which Is Worse?
Whats In Your FICO Score

Epic Contributor
Posts: 21,650
Registered: ‎03-19-2007
0

Re: DCU Members getting free credit score?

No, it wont.

Any creditor, including CUs, pay a fee under contract to report their activity with the CRA.

So that only covers their credit reporting.

In order to offer credit scores, it may have been part of their contract with the CRA to allow them to provide credit scores to their consumers that were generated by the CRA.

But a CRA cannot authorize a CU to receive scores directly from Fair Isaac.

I cant say that it wont be a FICO score, but I can proffer the opinion that the chances are almost zero.

Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: DCU Members getting free credit score?

Epic Contributor
Posts: 21,650
Registered: ‎03-19-2007
0

Re: DCU Members getting free credit score?

WOW!

Moderator Emerita
Posts: 28,098
Registered: ‎04-01-2007
0

Re: DCU Members getting free credit score?

I wonder if it's the Beacon 5.0 (the classic EQ score that we get here and on Equifax's site), or if it's one of the tweaked ones? I know that some CU's use the FICO NextGen scores, causing quite a bit of confusion for forums members who are trying to figure this out.

 

* 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
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 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.

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.