topic Re: Free Credit Score For US Bank Customers in Credit Cards

Free Credit Score For US Bank Customers

DI — Thu, 21 Jul 2011 12:56:54 GMT

I just received my free score from US Bank. The link directs you to EX website. I'm not sure if its a FICO score or not. My score is 770. That's 8 points lower than the PSECU EX FICO score.

Edit: The site says its a Plus Score.

Re: Free Credit Score For US Bank Customers

MagicShot — Thu, 21 Jul 2011 13:18:31 GMT

It works! not too shabby for a free score.

Re: Free Credit Score For US Bank Customers

DI — Thu, 21 Jul 2011 14:37:09 GMT

This also works for those with closed accounts.

Re: Free Credit Score For US Bank Customers

jefftca925 — Thu, 21 Jul 2011 14:52:33 GMT

It's an Experian PLUS FAKO score as the range is 330-830. It's not too bad though.

Re: Free Credit Score For US Bank Customers

Imhotrodcrazy — Thu, 21 Jul 2011 16:43:42 GMT

As of today, mine is at 784.

Re: Free Credit Score For US Bank Customers

Ron1 — Thu, 21 Jul 2011 17:53:45 GMT

Thanks for the info. I got 761.

Ron.

Re: Free Credit Score For US Bank Customers

DI — Thu, 21 Jul 2011 18:04:27 GMT

The only thing hurting my score is not having a mortgage loan reporting.

Re: Free Credit Score For US Bank Customers

jj10939 — Thu, 21 Jul 2011 18:49:47 GMT

I have a checking with US Bank and a closed college credit card...if it works with closed accounts, where do you go to view it? Thanks

Re: Free Credit Score For US Bank Customers

haulingthescoreup — Thu, 21 Jul 2011 19:17:26 GMT

@DI wrote:
The only thing hurting my score is not having a mortgage loan reporting.

Don't forget: since this is a FAKO score, that's a FAKO comment. <-- This is for newer members who might not realize the perils of reading comments and advice on FAKO scores.

There are plenty (well, relatively speaking) of folks with FICO's in the 800's without mortgage loans reporting. If you have an open installment account, of any type, that's plenty. Auto loan, student loan, mortgage, home equity loan (not HELOC), signature loan, etc.

Re: Free Credit Score For US Bank Customers

Anonymous — Thu, 21 Jul 2011 22:48:05 GMT

How do you obtain the score/link? I have logged in to my account and see no reference to a free score. Thanks.

Re: Free Credit Score For US Bank Customers

Ron1 — Thu, 21 Jul 2011 23:29:23 GMT

@Anonymous wrote:
How do you obtain the score/link? I have logged in to my account and see no reference to a free score. Thanks.

It should be the upper hand corner of the page.

Ron.

Re: Free Credit Score For US Bank Customers

Anonymous — Thu, 21 Jul 2011 23:48:20 GMT

@MagicShot wrote:
It works! not too shabby for a free score.

I subscribe to Experian's site and get my Plus score from there. I had the opportunity to have my EX FICO pulled back in Feburary by a credit card processing company, as I applied for a new merchant account for the business that my husband and I own. After approval, I asked the gentleman that handled our application if he could give me the score. It was 654, which was only three points different from my Plus score. All in all, I was pleased with how close the two scores were.

FWIW, my Plus score is 675 as of today. I hope that my FICO score is still comparable, but who knows.

Re: Free Credit Score For US Bank Customers

Anonymous — Wed, 27 Jul 2011 21:42:50 GMT

@Ron1 wrote:
@Anonymous wrote:
How do you obtain the score/link? I have logged in to my account and see no reference to a free score. Thanks.
It should be the upper hand corner of the page.

Ron.

I thought i was pretty smart, however I do not see any reference to a free credit score when i log in. I am going to U.S. Bank.com and logging in to internet banking. I have morgage, checking and savings accounts. On the internet banking page I see my accounts in the center. Across the top it says personal next section says welcome and my name and email. Along the left-hand side i have many other links - nothing for a free score. Is this only for credit card holders? i did not see that reference in the original posters message.

Re: Free Credit Score For US Bank Customers

Ron1 — Wed, 27 Jul 2011 21:44:37 GMT

I think it is for credit card holders.

Ron.

Re: Free Credit Score For US Bank Customers

Anonymous — Wed, 27 Jul 2011 22:05:30 GMT

I have USBank, and earlier this week saw the link to access my credit score. But when I hit it and it sent me to Experian's site for a plus score, I gave it a pass.

IME, Plus scores are virtually useless (at best) and potentially damaging (if you give them any heed). Following the advice that comes with a PLUS score can hurt your FICO score, and we have numerous numerous (did I say numerous?) posts on here from folks who moved forward with financial decisions based on the fako PLUS score and/or advice they had accessed. The truth is PLUS scores and PLUS advice do not mimic or even shadow FICO scores.

My biggest problem with PLUS and other fako scores is the reason codes that accompany the fake scores (such as the one DI quoted about the mortgage). Folks simply forget to ignore them, and forget that they are not the same as the reason codes FICO uses. Then you have folks making financial decisions that can (and do) actually hurt FICO scores.

Here's my history on comparing PLUS scores with FICO scores.

I was pulling fako PLUS scores when we did our mortgage app. That allowed us to compare all three PLUS and FICO scores for both DH and I - so six scores altogether. I also subscribed to ScoreWatch and got FICO EQ score updates that I compared with my ongoing CCT fako PLUS scores.

When we compared scores, they were all over the place. DH's PLUS EXP score was his highest, his FICO EXP score was his lowest. Mine was converse; my PLUS EXP score was my lowest and my FICO EXP score was high.

DH's PLUS score range between the three CRA's is less than 10 points. His FICO scores cover an almost 90 point range.

When comparing FICO to PLUS, some of our scores were relatively close, some were 100 points off.

When my FICO went up, my PLUS didn't. When my PLUS went up, my FICO went down. No pattern. No nothin'.

"The truth is, only Fair Isaac knows how FICO scores are calculated, and their formula is kept very secret. Other credit scores can sometimes come close to the mark, but they can be off by as much as 100 points either way. This is important because lenders don't use FAKO scores; they almost always use FICO. So it does you no good to know a score that a) isn't correct, b) won't be considered by lenders."

Experian is fairly straight forward in saying, "The Experian-developed PLUS Score model is a consumer-focused credit score." That means it is a product designed to sell to consumers. It is, in short, a cash cow. Because it is not designed to mirror FICO - but is designed as a consumer tool, it has differing criteria. That is also why the advice given along with PLUS and other FAKO scores is faulty when applied to FICO scoring. Following FAKO advice can, and does, lower FICO scores.

Hope that's helpful!

Re: Free Credit Score For US Bank Customers

Imhotrodcrazy — Wed, 27 Jul 2011 22:15:06 GMT

New - Have you checked your credit score? Free Score for U.S. Bank Cardholders

It is for cardholders. The above caption is what shows on my accounts page. Just remember, it is a fako.

Re: Free Credit Score For US Bank Customers

DI — Wed, 27 Jul 2011 22:14:16 GMT

@Anonymous wrote:
I have USBank, and earlier this week saw the link to access my credit score. But when I hit it and it sent me to Experian's site for a plus score, I gave it a pass.
IME, Plus scores are virtually useless (at best) and potentially damaging (if you give them any heed). Following the advice that comes with a PLUS score can hurt your FICO score, and we have numerous numerous (did I say numerous?) posts on here from folks who moved forward with financial decisions based on the fako PLUS score and/or advice they had accessed. The truth is PLUS scores and PLUS advice do not mimic or even shadow FICO scores.

It's the thought that counts. Atleast U.S. Bank is offering a free legitimate Plus score. It may not be a FICO(which is questionable at this time), but it does give one an idea where their score may be. I wish people would stop degrading other scores when one cannot tell if they're actually getting the same FICO score that lenders pull. It seems to be a lot of variances with FICO scores these days.

Re: Free Credit Score For US Bank Customers

Anonymous — Thu, 28 Jul 2011 04:49:48 GMT

@DI wrote:
It's the thought that counts. Atleast U.S. Bank is offering a free legitimate Plus score. It may not be a FICO(which is questionable at this time), but it does give one an idea where their score may be.

If Plus scores did, in fact give you an idea of where your FICO score is, I would be a HUGE fan! Plus Scores with a variation of 100 points in either direction do not give you an idea where your FICO score is. In addition, Plus scores may or may not (IME usually always do not) move at the same time or in the same direction as FICO scores. And finally, my lenders do not use Plus scores.

FICOs and fakos are different. They are built on different algorithms which create different scores - in addition, the scores change in diverse directions and for diverse reasons. A FAKO increase/decrease does NOT yield a FICO increase/decrease. If you check out both of our mortgage scores and my current scores, you'll see a distinct lack of correlations.

My mortgage pull:

FICO: EQ 708 EX 720 TU 730
fako: EQ 764 EX 679 TU 739

DH's mortgage pull:

FICO: EQ 774 EX 690 TU 735
fako: EQ 761 EX 762 TU 735

My Current:

FICO: EQ 711 EX 723 TU 723
fako: EQ 771 EX 792 TU 780

I've pulled tons of fako scores (I go through phases where I like to have credit monitoring services of various sorts). It doesn't matter who the source is. I've learned to ignore the fako scores and the advice that accompanies them. I don't read them anymore. I did for a long time, trying to discern any possible connection, but the reality is, once again, they are built on different algorithms, they create different scores and they adjust those scores based on differing criteria.

Re: Free Credit Score For US Bank Customers

MarineVietVet — Fri, 19 Aug 2011 17:52:23 GMT

@DI wrote:
@Anonymous wrote:
I have USBank, and earlier this week saw the link to access my credit score. But when I hit it and it sent me to Experian's site for a plus score, I gave it a pass.
IME, Plus scores are virtually useless (at best) and potentially damaging (if you give them any heed). Following the advice that comes with a PLUS score can hurt your FICO score, and we have numerous numerous (did I say numerous?) posts on here from folks who moved forward with financial decisions based on the fako PLUS score and/or advice they had accessed. The truth is PLUS scores and PLUS advice do not mimic or even shadow FICO scores.
It's the thought that counts. Atleast U.S. Bank is offering a free legitimate Plus score. It may not be a FICO(which is questionable at this time), but it does give one an idea where their score may be. I wish people would stop degrading other scores when one cannot tell if they're actually getting the same FICO score that lenders pull. It seems to be a lot of variances with FICO scores these days.

I must respectfully disagree. If you compare FAKO scores to themselves all you're doing is comparing worthless numbers to useless numbers. It tells you nothing that will help your credit situation.

Edited to remove a dumb spelling error I just noticed after almost a month. DUH!

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Re: Free Credit Score For US Bank Customers

Anonymous — Fri, 19 Aug 2011 15:41:53 GMT

is this for us bank debit card holders also?