topic Re: I already have my PFICO! in Credit Cards

I already have my PFICO!

Anonymous — Fri, 04 Apr 2008 05:12:15 GMT

Yesterday afternoon I was approved for the WaMu Real Rewards Plat MC.

Tonight I logged in to look at my WaMu bank accounts, and I saw that the CC was already listed on the banking website. I clicked the link to take me to the CC site, and it logged me in automatically and took me to my CC account info.

Looked over to the right and saw:

FICO Credit Score:

Last updated: Apr 2008
Source: Experian

So I clicked it. 736! (Only one point lower than my current regular EX FICO, which makes sense since all of my accounts are CCs.)

Is that record time for a PFICO to appear, or what? I just applied yesterday!

Message Edited by cheddar on 04-04-2008 01:12 AM

Re: I already have my PFICO!

Anonymous — Fri, 04 Apr 2008 05:16:01 GMT

Experian??? Very interesting...

I'm jealous! Mine pulls TU, which no bank or CC takes in my neck of the woods other than WaMu, lol...

Congrats on the early score, you lucky S*B!

Re: I already have my PFICO!

KingAdrock — Fri, 04 Apr 2008 05:19:27 GMT

My WAMU first showed my EX PFICO, then suddenly switched to TU. Don't know why.

Grats on the quick score!

Re: I already have my PFICO!

Anonymous — Fri, 04 Apr 2008 05:32:08 GMT

My score is still stuck on Feb. It updated when I 1st signed up and has been stuck ever since.

EX => TU

Anonymous — Fri, 04 Apr 2008 05:33:58 GMT

I had the same experience. At first, WaMu showed me 762 EX, and then changed into TU. Since then, every month, I get TU. Go figure!

Re: EX => TU

KingAdrock — Fri, 04 Apr 2008 05:48:46 GMT

Did it wipe off the EX scores also? Mine did that. Switched to TU and acted as if it never showed EX in the first place.

Re: I already have my PFICO!

Anonymous — Fri, 04 Apr 2008 14:06:32 GMT

you get your first PFICO immediately and then your next is 60 to 90 days later is i remember correctly. It's been a while.

Re: I already have my PFICO!

Anonymous — Fri, 04 Apr 2008 14:11:09 GMT

Here is what I got from the WAMU Website. I had no idea that the PFICO's range was so different from the FICO. I think i'm going to make another topic about that.
What score does WaMu display online?
We display a credit card specific FICO score which can range between 250 and 900. This score adjusts the Classic FICO score based on bankcard credit risk. The Classic FICO score measures a consumer's general credit risk. Large differences between the Classic FICO score and the credit card specific FICO score indicate a consumer whose general credit risk is different than their bankcard credit risk.

When do FICO scores update on this website?
The first score we display for your account is the score we obtained from the credit bureau when processing your application. This score is usually made available to you on our website within 2 to 4 weeks after your account has been opened and will remain available until it is 90 days old or we have begun receiving updated scores from the credit bureau. It may take as long as 3 to 4 months after your account is opened before we begin receiving the monthly updates. If you have a secured credit card account, we may not receive a score with your application, and it may take up to 6 months for a score to be displayed.

Scores are generally updated on a monthly basis depending on credit bureau updates and your account standing and should be available to view after the 21st through the 29th of the month. The score provided is based on the information in your credit report for the previous month.

However, we may not always receive a FICO score update for all of our customers from the credit bureau. If we do not receive information concerning your credit score from the credit bureau, we will not be able to display your updated FICO score. Additionally, as your credit history changes, so does your FICO credit score. If we do not receive an updated FICO credit score for your account within 90 days, we will no longer display your score.

Re: I already have my PFICO!

Anonymous — Fri, 04 Apr 2008 14:34:11 GMT

dizzier wrote:
you get your first PFICO immediately and then your next is 60 to 90 days later is i remember correctly. It's been a while.

Interesting. So I guess I shouldn't be so excited about it. When DF got hers, it took about 2 months for hers to show up at all, so I just figured that was the norm.

Thanks for the info.

Re: I already have my PFICO!

Anonymous — Fri, 04 Apr 2008 14:40:14 GMT

Great post dizzer! Thanks for sharing.

That PFICO score is wild! Maybe it should be called PFAKO!

As far as that score goes, it's just another FAKO score, and is totally useless...except to judge your monthly progress on a graph. It can't be compared to any other score to enable you to ascertain where you stand at any point in time. I just checked my account and PFAKO score. It's 617. It "says" it is the score as of 03/01/08. My true TU FICO score on 03/04/08 is 662.

Re: I already have my PFICO!

Anonymous — Fri, 04 Apr 2008 14:40:45 GMT

Just an FYI

my Visa has a The TU PFICO a

my MC that I recently got has my EX score (same as myFICO at the time) WAMU has not softed my EX after the application so I do not expect it to update anytime soon.

Re: I already have my PFICO!

Anonymous — Fri, 04 Apr 2008 14:43:46 GMT

Timothy wrote:

Just an FYI

my Visa has a The TU PFICO a

my MC that I recently got has my EX score (same as myFICO at the time) WAMU has not softed my EX after the application so I do not expect it to update anytime soon.

Timothy, did your EX PFICO show up on your MC right away or did it take a while? Since it took only one day for me, now that I think about it, it makes sense that right now they're just showing me the score they pulled for approval.

Message Edited by cheddar on 04-04-2008 10:43 AM

Re: I already have my PFICO!

Anonymous — Fri, 04 Apr 2008 14:45:14 GMT

Sylvia, a PFICO is a FICO, not a FAKO. It's a bankcard enhanced version of your classic FICO score.

I have no idea how to explain the discrepancy in the score ranges of the two versions. Anyone?

Message Edited by cheddar on 04-04-2008 10:45 AM

Re: I already have my PFICO!

Anonymous — Fri, 04 Apr 2008 14:59:15 GMT

@Anonymous wrote:

Sylvia, a PFICO is a FICO, not a FAKO. It's a bankcard enhanced version of your classic FICO score.

I have no idea how to explain the discrepancy in the score ranges of the two versions. Anyone?

Message Edited by cheddar on 04-04-2008 10:45 AM

the score range is the funny part for me. I mean we have had it drilled into us that the PFICO is a real FICO blah blah blah, but how could it be if the scoring range is different? I mean the FICO gold seal does say 300-850 is the FICO range so one would expect any FICO score to be in that range.

I mean if someone gets a PFICO of 870 what does that mean in FICO terms?

Re: I already have my PFICO!

Anonymous — Fri, 04 Apr 2008 15:00:12 GMT

@Anonymous wrote:

Sylvia, a PFICO is a FICO, not a FAKO. It's a bankcard enhanced version of your classic FICO score.

I have no idea how to explain the discrepancy in the score ranges of the two versions. Anyone?

Message Edited by cheddar on 04-04-2008 10:45 AM

I understand that Cheddar. I was saying that tongue in cheek.

Even though it IS a true and genuine FICO score, it must be treated for our reality purposes, just like any other FAKO score.

I'm grateful for WaMu posting it, but other than seeing my progress on a line graph from month-to-month, it cannot serve any real purpose.

Now if F.I. were to offer us the ability to purchase the bankcard enhanced version of FICO(PFICO), to enable us to have a consistent scoring benchmark through all 3 CRA's, that's an entirely different matter. And I would be HIGHLY interesting in purchasing THAT product. In fact, I WOULD.

Re: I already have my PFICO!

Red1Blue — Fri, 04 Apr 2008 15:01:49 GMT

Congrats on your new card......

Re: I already have my PFICO!

Anonymous — Fri, 04 Apr 2008 15:02:32 GMT

Sylviatob wrote:

I understand that Cheddar. I was saying that tongue in cheek.

Woops, sorry! I completely missed the tongue in your cheek.

Re: I already have my PFICO!

Red1Blue — Fri, 04 Apr 2008 15:04:42 GMT

What is the credit limit they approved your for?

Re: I already have my PFICO!

Anonymous — Fri, 04 Apr 2008 15:10:28 GMT

Thanks for the congrats, concord! They gave me $15K and 0% on purchases until 1/1/10 (21 months from now), 12.99% after that.

To get the 0% deal I had to BT at least $100. I BT'd $100 from Cap1 that was waiting to be PIFfed anyway, which I will PIF as soon as it hits the WaMu card.

Re: I already have my PFICO!

Anonymous — Fri, 04 Apr 2008 15:10:42 GMT

@Anonymous wrote:

@Anonymous wrote:

I understand that Cheddar. I was saying that tongue in cheek.

Woops, sorry! I completely missed the tongue in your cheek.

No problem what so ever. Just a friendly misunderstanding between friends.