Understanding FICO® Scoring

[racer-x]

Recently obtained a Walmart credit card with a $700 limit.  Haven't used it yet. (month old)

I logged into my Walmart account and pulled the free TU score that Walmart offers.

It is 36 points lower than my TU here on myfico.  641 vs. 677.  My EQ is 702.  EX 674.

Seems like a large variance in the Walmat TU and myfico TU.  What gives?  Is that normal?

[dodgerslv]

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racer-x wrote:

Recently obtained a Walmart credit card with a $700 limit.  Haven't used it yet. (month old)

I logged into my Walmart account and pulled the free TU score that Walmart offers.

It is 36 points lower than my TU here on myfico.  641 vs. 677.  My EQ is 702.  EX 674.

Seems like a large variance in the Walmat TU and myfico TU.  What gives?  Is that normal?

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same scenario here except with me is the other way around Walmart TU has me at 694 and MyFico has me at 648....i think one of them is TU98 version while the other is a different one...maybe someone can give is more info on that...

[Duncanrr]

They use different versions of TU. Walmart is TU08 and MyFICO is the older TU04.

[dodgerslv]

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Duncanrr wrote:
They use different versions of TU. Walmart is TU08 and MyFICO is the older TU04.

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ok...thanks for the info Duncanrr....

[racer-x]

So which is more accurate or more reliable?  Please say myfico...lol.

Also, I just paid $19.95 for my most current TU here on myfico....684...it's gone up 7 pts. in the past 2 wks.

Now my TU varies 43 pts. between Walmart TU and myfico TU.

I hated to spend the $19.95, but that would've been buggin' the heck out of me all night.  $20 for peace of mind I guess.

[creditnocash]

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racer-x wrote:

So which is more accurate or more reliable?  Please say myfico...lol.

Also, I just paid $19.95 for my most current TU here on myfico....684...it's gone up 7 pts. in the past 2 wks.

Now my TU varies 43 pts. between Walmart TU and myfico TU.

I hated to spend the $19.95, but that would've been buggin' the heck out of me all night.  $20 for peace of mind I guess.

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they are  both accurate...

they are both FICO scores but use different formulas to calculate score 

my tu walmart score was 743 while on here it sits at 690

[dude11]

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Duncanrr wrote:
They use different versions of TU. Walmart is TU08 and MyFICO is the older TU04.

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I thought myfico TU here is 98?

[Duncanrr]

you might be right. I just know the one here is the older version.

[beb86]

walmart is TU08, lenders pull TU04, and myFICO is TU98

[Revelate]

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beb86 wrote:

walmart is TU08, lenders pull TU04, and myFICO is TU98

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Mortgage lenders pull TU04 (guarunteed atm); however, everyone else is free to use whatever version they want and it's a challenge to tell what particular version was used unfortunately.