tu fico score diffrent then discover tu fico score??

[josef15111]

Hey guys i have a small question.  So i recently applyed for a discover card and it was declined errrr.  anyways i have a question.  i applied on the 23 of this month and on the 26th of this month just three days latter i pulled my real fico score for TU and it is a 633.  well on my letter from discover they state my FICO score is a 574.  How can my score jump that much in three days or is there something not right.  it states on the discover app that its the fico score and its a 574.  i just dont know whats real and whats not or if it can jump that much in 3 days.  anyone to shed some light would  be great.  Thank you all you are all so kind.

[DaBears]

TU myFICO uses TU98, Discover I believe uses TU04. 

[mongstradamus]

I found out the hard way they use different fico scores. walmart TU is 110 points lower than myfico TU score. So you aren't the only one that was quite surprised at the differences :-)

[josef15111]

ooooo lordy lord lord.  theres more then 1 FICO!!!!  oh boy haha i thought i was using the right scores.  So if one could can you please help me out on understanding the diffrences and whats used by most??  and what to pay attention too haha im so confused

[DaBears]

TU98 is older scoring model. I wish myFICO would start using TU04 which by far the most used one by lenders. Then there is TU08 which is really new and very few lenders is using it as of now. 

[guiness56]

---

@josef15111 wrote:

ooooo lordy lord lord.  theres more then 1 FICO!!!!  oh boy haha i thought i was using the right scores.  So if one could can you please help me out on understanding the diffrences and whats used by most??  and what to pay attention too haha im so confused

---

There are 47+ version/models of FICO scores.  We are limited to what we can purchase and that is the ones from this site.

Most of the time, unless you ask, you will not know what a lender uses.

[mongstradamus]

This is pure speculation here, but are the newer versions of fico scores not taking into account older closed accounts? Is that why there is an discrepncy in the scores are coming from and reason why they are always saying you don't have enough accounts reporting ?

[guiness56]

FICO always considers all OC accounts, open or closed, for AAoA.  The newest version, 08, does not count collections that are $100 or less,  have mercy on a rare 30 day late payment and score more severely for high utilization.

[mongstradamus]

---

@guiness56 wrote:

FICO always considers all OC accounts, open or closed, for AAoA.  The newest version, 08, does not count collections that are $100 or less,  have mercy on a rare 30 day late payment and score more severely for high utilization.

---

Well this is really puzzling to why such an huge score discrepency. 100 point differential is huge for me , its difference between good credit to bad credit :-(

[guiness56]

It is more than likely a bankcard enhanced score that weights CC accounts or lack of, more heavily.

Did it give you a score range?