topic Re: Creditinform in Credit Cards

Creditinform

tooyoungforbadcredit — Sun, 12 Aug 2012 20:34:57 GMT

Is it worth my time to enroll in creditinform in capital one. According to the captial one website it's free for card users, but when you got the creditinform website it says it costs. Plus I've also heard capital one got in big trouble for insuating this service was free and that in offered more than it did.

Re: Creditinform

Anonymous — Sun, 12 Aug 2012 21:37:06 GMT

I like my service. The credit report is updated quarterly, the reps are trained very well... FAKO score updated monthly, and an amortazation ability. Not bad for FREE. I have had my secured card for a year and never been charged for mycreditinform.com membership. Call them, set it up, they send the packet out to you, and while they're on the phone talk to them about what they offer.

Re: Creditinform

tooyoungforbadcredit — Sun, 12 Aug 2012 21:38:42 GMT

which credit report do they claim to have?

Re: Creditinform

CreditPacMan — Sun, 12 Aug 2012 21:51:16 GMT

When I had my Cap1 card about two years ago, I had to call them to activate the service. There's no way to enroll on the website.

They sent my a big envelope with the information I needed to sign up for the service.

Re: Creditinform

ali5541 — Mon, 13 Aug 2012 01:41:29 GMT

I quite like this service. My first credit card was their secured master card and this service is free for as long as I have 'that' card. I get a monthly score and credit update in addition to a quarterly score and credit update. However, referencing one of the user above, I am pretty sure that it is not the FAKO score. Credit Inform pulls EX and my Ventage from EX is 740. The score I have is 638 which is more in-line with my EQ 639 and TU 654.

Just my two cents, if you can enroll in it, do it. That is one of the limited ways you can get your EX FICO.

Re: Creditinform

dcal — Mon, 13 Aug 2012 16:26:25 GMT

Let me see if I understand you correctly, Capital one's Creditinform may possibly provide EX Fico. I do not have the creditinform but if this is true I would so think is worth it to have a capital one credit card despite the CLI factor. I did receive a increase this month, but it was for only a 100 dollars. But I have had the CC since 5/2011. So 15 months so far. They initiated it, so I guess I should be grateful for small strides. This would be so cool if it is true and maybe many people would stick around if they provided the Experian Fico for its customers. I imagine they would bring in a ton of business, new and old. Just a thought. I will look into this further. Thanks!

Re: Creditinform

trix_r_4_kids — Mon, 13 Aug 2012 16:47:24 GMT

I think it is worth it -- it is FREE! It pulls an Experian report, but uses FAKO scores. The information is helpful when used to compare items across credit reports. Scores are updated monthly and are given with an analysis of your credit file. The most valuable feature of Credit Inform is the Credit Analyzer. It lets you experiment with different scenarios/simulations to see how you can make the biggest impact on your score. Keep in mind, however, the scores are not FICO.

Re: Creditinform

ali5541 — Mon, 13 Aug 2012 17:27:06 GMT

trix, are you sure it is not FICO? I do have credit inform and I pulled my credit score using freecreditreport.com / freecreditscore.com and I got my ventageplus (FAKO) score which was 740. Correct me if I am wrong, but is FAKO the ventageplus? If it is, than I am pretty sure that the score I get from Credit Inform is my FICO. I have a score 638 which falls in-line with my TU and EQ (check my sig). I am pretty confident this is my EX FICO. Also, check the screen shot, the max score is 850, isn't the max ventage score 990?

Re: Creditinform

trix_r_4_kids — Mon, 13 Aug 2012 17:54:08 GMT

Scores are FAKO -- Read the small print under the disclaimer "CreditXpert Inc. is not connected in any way to Fair Isaac Corporation; the CreditXpert Credit Score is not a so-called FICO® score. CreditXpert Inc. does not represent that CreditXpert Credit Scores are identical or similar to any specific credit scores produced by any other company. Moreover, score changes predicted by CreditXpert products are only estimates."

Re: Creditinform

FicoTron — Mon, 13 Aug 2012 19:04:03 GMT

I just got my Fico score from Amex after being approved for a BCP and not getting the best rate. My creditinform score is the exact same as my Amex Fico 774.

Re: Creditinform

ali5541 — Tue, 14 Aug 2012 01:24:34 GMT

Like I said, I am pretty confident that it is my actual EX FICO score.

Re: Creditinform

jsucool76 — Tue, 14 Aug 2012 02:29:56 GMT

Is this only free free for people with secured cards, or any Cap1 customer?

Edit: After speaking with a capital one CSR tonight, they told me it is impossible to sign up for free CreditInform through capital one anymore....however, if anyone here knows differently, please speak up because it sounds like a good serve.

Re: Creditinform

tooyoungforbadcredit — Tue, 14 Aug 2012 02:28:28 GMT

I already get the EX plus score, and that looks like what creditinform is giving out. I'm still not sure though.

Re: Creditinform

FicoTron — Tue, 14 Aug 2012 12:13:47 GMT

I just thought it was a bit crazy. I thought when I checked my EX score from creditinform for the past few months that it was Mod Cut scoring model. But the fact that my Amex Fico is identical at 774 is sort of weird, but great at the same time.

Please watch your language - MarineVietVet, myFICO moderator

Re: Creditinform

MarineVietVet — Tue, 14 Aug 2012 12:11:43 GMT

@ali5541 wrote:
Like I said, I am pretty confident that it is my actual EX FICO score.

From the CMS Guide here onsite:

Credit Inform Premier via CapOne - $8.99/mo - FAKO (CreditXpert) - This service pulls your EX report quarterly and analyzes everything for you w/ charts, graphs, etc. The monitoring service monitors EX only and does so on a daily basis. The score offered is a CreditXpert score.

Re: Creditinform

Duncanrr — Tue, 14 Aug 2012 14:15:38 GMT

@jsucool76 wrote:

Edit: After speaking with a capital one CSR tonight, they told me it is impossible to sign up for free CreditInform through capital one anymore....however, if anyone here knows differently, please speak up because it sounds like a good serve.

Thats a shame if that is the case. I got my cap1 secured card back in early June and was able to sign up for my free service. I had to request it on phone and then wait for packet to arrive in mail. Took a couple weeks to set it up. I have recently received my first score update and I went from 653 to 694. Nice jump.

I too have heard that this one and/or Credit Sesame are pretty accurate for judging where your real EX FICO score will be. It may just be an example of a broken clock being right twice a day and not really accurate. On my end, I hope they are. My CS is 712 so if I take the average of those two my real EX FICO would be over 700

Guess I'll find out if my broken clock is right when I app for AMEX later this year.

Re: Creditinform

FicoTron — Tue, 14 Aug 2012 14:30:44 GMT

@Duncanrr wrote:
@jsucool76 wrote:

Edit: After speaking with a capital one CSR tonight, they told me it is impossible to sign up for free CreditInform through capital one anymore....however, if anyone here knows differently, please speak up because it sounds like a good serve.
Thats a shame if that is the case. I got my cap1 secured card back in early June and was able to sign up for my free service. I had to request it on phone and then wait for packet to arrive in mail. Took a couple weeks to set it up. I have recently received my first score update and I went from 653 to 694. Nice jump.

I too have heard that this one and/or Credit Sesame are pretty accurate for judging where your real EX FICO score will be. It may just be an example of a broken clock being right twice a day and not really accurate. On my end, I hope they are. My CS is 712 so if I take the average of those two my real EX FICO would be over 700

Guess I'll find out if my broken clock is right when I app for AMEX later this year.

My credit sesame score is 767,creditinform is 774, and my actual EX Fico is 774.... So those are pretty close, but who knows, maybe it's coincidence.

Re: Creditinform

Anonymous — Tue, 14 Aug 2012 20:05:58 GMT

@MarineVietVet wrote:
@ali5541 wrote:
Like I said, I am pretty confident that it is my actual EX FICO score.
From the CMS Guide here onsite:

Credit Inform Premier via CapOne - $8.99/mo - FAKO (CreditXpert) - This service pulls your EX report quarterly and analyzes everything for you w/ charts, graphs, etc. The monitoring service monitors EX only and does so on a daily basis. The score offered is a CreditXpert score.

It is now a monthly report instead of quarterly. The score is close to FICO in my case, and it is a nice service considering it is free.

Re: Creditinform

beenjammin — Mon, 20 Aug 2012 20:02:43 GMT

I just enrolled, confirmed the service is "at no additional cost' just as the brochure (that came with the card) states. I called 1-877-511-7704, enrolled in less than 5 minutes.

Re: Creditinform

jsucool76 — Mon, 20 Aug 2012 20:07:58 GMT

@beenjammin wrote:
I just enrolled, confirmed the service is "at no additional cost' just as the brochure (that came with the card) states. I called 1-877-511-7704, enrolled in less than 5 minutes.

Did you have a secured card, or just a regular cap1 card?

Edit: Just called up, it's only available for secured cards.

Sadface