topic Re: re: cc enhanced fico scores in Credit Cards

re: cc enhanced fico scores

buggle — Tue, 28 Jul 2009 23:44:30 GMT

I know that there are auto - enhanced fico scores, but are there credit card enhanced fico scores?

Re: re: cc enhanced fico scores

WannaHouse — Tue, 28 Jul 2009 23:56:19 GMT

No...as far as I know anyway.

Re: re: cc enhanced fico scores

Anonymous — Wed, 29 Jul 2009 00:03:48 GMT

@buggle wrote:
I know that there are auto - enhanced fico scores, but are there credit card enhanced fico scores?

I believe there is and it is called "PFICO". Hopefully someone else on this board can confirm this. How you would obtain this score I do not know.

Message Edited by plasticman on 07-28-2009 05:03 PM

Re: re: cc enhanced fico scores

haulingthescoreup — Wed, 29 Jul 2009 00:10:39 GMT

FICO has "industry-enhanced" scores for auto loans and for credit cards. Like all their products, lenders decide whether to use them or not.

It used to be that WaMu CC holders (I think they were those who originally had Providian cards) got their CC-enhanced FICO TU scores on their statements. Here on the forums (maybe elsewhere), they were called PFICO's, the P standing for Providian. So "PFICO" would only refer to those scores on former Providian cards.

I don't think that any other bank provides CC-enhanced FICO scores to their members, and AFAIK, we don't know which CC's (if any) use CC-enhanced scores for credit approval. It might be that they just really aren't used any more, but that's pure speculation.

They can't be gotten by consumer request.

Re: re: cc enhanced fico scores

Anonymous — Wed, 29 Jul 2009 00:22:13 GMT

Thanks for the post HTSU... very informative!

Re: re: cc enhanced fico scores

Anonymous — Wed, 29 Jul 2009 16:04:00 GMT

I was told the fico score offerred with the Sears Solution MC is the EX bank card enhanced score. I don't know if this is true or not.

Re: re: cc enhanced fico scores

Anonymous — Wed, 29 Jul 2009 17:00:15 GMT

@Anonymous wrote:
I was told the fico score offerred with the Sears Solution MC is the EX bank card enhanced score. I don't know if this is true or not.

http://www.creditmattersblog.com/2008/11/sears-kmart-mastercard-perk-free-fico.html

Re: re: cc enhanced fico scores

Anonymous — Wed, 29 Jul 2009 17:13:50 GMT

@buggle wrote:
I know that there are auto - enhanced fico scores, but are there credit card enhanced fico scores?

You may find this information useful:

http://www.creditmattersblog.com/2008/10/bankcard-industry-option-fico-score.html

"Available at all three major credit bureaus, the Industry Option FICO scores build on the predictiveness of classic FICO scores by incorporating additional credit information that is predictive for your specific industry-bankcard, auto lending, installment lending and finance company lending."

Message Edited by creditwherecreditisdue on 07-29-2009 01:13 PM

Re: re: cc enhanced fico scores

Anonymous — Wed, 29 Jul 2009 17:20:57 GMT

http://blogs.wsj.com/wallet/2009/05/05/another-free-credit-score-casualty/

Message Edited by hobojon on 07-29-2009 10:20 AM

Re: re: cc enhanced fico scores

Anonymous — Wed, 29 Jul 2009 18:27:06 GMT

If they did EX instead of TU I would highly consider apping.

Re: re: cc enhanced fico scores

score_building — Wed, 29 Jul 2009 18:40:18 GMT

@Anonymous wrote:
If they did EX instead of TU I would highly consider apping.

or not.

free + high AF = not free.

http://www1.epinions.com/HSBC_Sears_Solutions_Mastercard/display_~reviews

Re: re: cc enhanced fico scores

Anonymous — Wed, 29 Jul 2009 18:44:15 GMT

@score_building wrote:
@Anonymous wrote:
If they did EX instead of TU I would highly consider apping.
or not.

free + high AF = not free.

http://www1.epinions.com/HSBC_Sears_Solutions_Mastercard/display_~reviews

OUCH! I hope Her Ladyship got the Citi version when she app'ed in the store recently.

Re: re: cc enhanced fico scores

Anonymous — Wed, 29 Jul 2009 18:45:56 GMT

Even at a $59 AF, that's still cheaper than $14.95 a month for the score from MyFICO.

Re: re: cc enhanced fico scores

score_building — Wed, 29 Jul 2009 19:12:50 GMT

can you app in store at kmart for this card or only at sears?

is it like hsbc discover (in that you can only get it if you app discover and they counter offer)

or can you app direct for the hsbc sears?