topic Re: Another Walmart Thread in Credit Cards

Another Walmart Thread

Booner72 — Sat, 03 Sep 2011 15:28:02 GMT

What date do they update the new TU score? Thanks,

Re: Another Walmart Thread

Anonymous — Sat, 03 Sep 2011 16:12:34 GMT

They update mine on the 11th of every month.

Re: Another Walmart Thread

Booner72 — Sat, 03 Sep 2011 16:26:52 GMT

Do you think you signed up on the 11th? Or do you think the 11th is when the new scores post for everyone? THANKS!

Re: Another Walmart Thread

coldnmn — Sat, 03 Sep 2011 16:29:44 GMT

It says they posted mine on the 11th of the month. They pulled it on the 4th. If I remember right it wasn't posted on mine until 10 business days after it was pulled. So that would make it around the 17th.

Re: Another Walmart Thread

Booner72 — Sat, 03 Sep 2011 20:30:04 GMT

Has anyone gotten confirmation yet that it is the TU04? I read every line on everything looking and couldn't find which scoring model used. I'd still bet money it's the TU04. What else COULD it be?

Re: Another Walmart Thread

Booner72 — Sat, 03 Sep 2011 21:11:44 GMT

Hey real quick - do you guys think that 8 revolving accounts is too many for FICO ?

Re: Another Walmart Thread

AndySoCal — Sat, 03 Sep 2011 21:17:27 GMT

Per the Moderators its FICO Next Gen

Re: Another Walmart Thread

GregB — Sat, 03 Sep 2011 21:32:54 GMT

@AndySoCal wrote:
Per the Moderators its FICO Next Gen

You can be absolutely sure it is NOT either of the FICO Next Gen scores.

Re: Another Walmart Thread

GregB — Sat, 03 Sep 2011 21:52:22 GMT

@Booner72 wrote:
Has anyone gotten confirmation yet that it is the TU04? I read every line on everything looking and couldn't find which scoring model used. I'd still bet money it's the TU04. What else COULD it be?

It COULD be a lot of different TU FICO scores.

We THINK it isn't TU FICO Classic 98 since there have been several careful people who have pulled that score and it doesn't match. I see some comments about a delay between the day pulled and the day posted on Walmart so I'm not sure we can be sure that statement is 100% accurate. So what, are we 99% sure?

We know it isn't either of the TU Fico Next Gen scores because the range doesn't match. I believe it says the score range is 300-850. The problem is the 300-850 range is quoted by FICO for all "Classic" scores, everything that ISN'T Next Gen. In actuality, we should say 300ish to 850ish because there is only ONE TU FICO score that has exactly the range of 300-850 and that is the TU FICO 8 Mortgage Score,

That still leaves the other 18 FICO scores that are offered by TU.

I still think the best GUESS is TU FICO Classic 04 or one of the BankCard Industry Scores.

Re: Another Walmart Thread

GregB — Sat, 03 Sep 2011 21:54:05 GMT

@Booner72 wrote:
Hey real quick - do you guys think that 8 revolving accounts is too many for FICO ?

I don't know what you mean by "too many". I had a high 700 score with 18 Revolving on my reports.

There is an issue that appears sometimes with "too many accounts with balances".

Re: Another Walmart Thread

MarineVietVet — Sun, 04 Sep 2011 00:53:11 GMT

@AndySoCal wrote:
Per the Moderators its FICO Next Gen

Really? I don't recall ever saying that. I've theorized that perhaps the approval for a WM uses a NextGen score but I have no way of knowing that for sure. As for what TU score is given out each month I still have not seen anything official on that.

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: Another Walmart Thread

Booner72 — Sun, 04 Sep 2011 04:35:15 GMT

@GregB wrote:
@Booner72 wrote:
Hey real quick - do you guys think that 8 revolving accounts is too many for FICO ?
I don't know what you mean by "too many". I had a high 700 score with 18 Revolving on my reports.

There is an issue that appears sometimes with "too many accounts with balances".

That's what I mean by too many. Sooner or later my "what's hurting your score" won't be "serious derog" and "payment history" problems won't be there. FICO always seems to come up with something to say about what's hurting your score though.

Re: Another Walmart Thread

AndySoCal — Sun, 04 Sep 2011 22:04:57 GMT

All

I wrote my previous post from my memory. I should know better than to trust my memory. I am worng my apologies We will wiat and see what model it is.

Re: Another Walmart Thread

Booner72 — Mon, 05 Sep 2011 21:53:45 GMT

It says at the Walmart Account online that the FICO score will be updated on the 10th of every month. I applied around the 24th of last month - so I'm wondering if that is standard for all walmart card holders.

Anyway, it doesn't really matter, just thought I'd throw that info out there to anyone interested. Signed DH up as an AU on this card - it would be nice if an AU could get their TU score, also.