topic Re: Credit One Score in Credit Cards

Credit One Score

BackInTheSaddleAgain — Wed, 08 Jan 2014 22:04:02 GMT

So I've had my wonderful CreditOne card with my whopping 800 CL for just over a year now (14 months). Terminating soon! During that time THEIR version of my FICO has gone from about 635 to 654 with no changes on my report in 6 months. Maybe a few inquiries fell off from 2 years ago, but that's about it and this shouldn't have effected my score anyways. Anyways, all of a sudden this last CreditOne Dec. report skyrockets to 724. Even my real FICO TU is only 704.

Anyone of of you hard core credit geeks want to take a wild stab at this one? THANKS!

Re: Credit One Score

bigblue7722 — Wed, 08 Jan 2014 23:38:01 GMT

What verison of tu does credit one use? The one on here is tu 98

Re: Credit One Score

BackInTheSaddleAgain — Thu, 09 Jan 2014 04:08:47 GMT

Not sure. All I know, regardless of which version of scoring they use, a sudden 60 or 70 point increase in your score is pretty unusual... especially given no dramtic change in utilization or anything else of relative importance.

Re: Credit One Score

FinStar — Thu, 09 Jan 2014 04:49:11 GMT

Depending on the shift and which version was used, also consider rebucketing factors.

Re: Credit One Score

SunriseEarth — Thu, 09 Jan 2014 05:16:52 GMT

AFAIK, it's a FAKO. They're rather optimistically giving me a 698 for December.

Re: Credit One Score

anca21bi — Wed, 05 Feb 2014 21:48:50 GMT

I thought it was an Experian score that is given? So it is a TU fako?

Re: Credit One Score

Transmogrifying_Bee — Wed, 05 Feb 2014 23:06:35 GMT

@anca21bi wrote:
I thought it was an Experian score that is given? So it is a TU fako?

Credit One Bank uses EXPERIAN to obtain your credit information. However, it is some type of FAKO Credit Score since their scores range from a low of 350 (instead of 300) to a high of 850.

Re: Credit One Score

efranklin23 — Thu, 06 Feb 2014 00:51:42 GMT

@BackInTheSaddleAgain wrote:
So I've had my wonderful CreditOne card with my whopping 800 CL for just over a year now (14 months). Terminating soon! During that time THEIR version of my FICO has gone from about 635 to 654 with no changes on my report in 6 months. Maybe a few inquiries fell off from 2 years ago, but that's about it and this shouldn't have effected my score anyways. Anyways, all of a sudden this last CreditOne Dec. report skyrockets to 724. Even my real FICO TU is only 704.

Anyone of of you hard core credit geeks want to take a wild stab at this one? THANKS!

Based on your score, why do you still have a CreditOne Card? Go get you a nice AMEX Card

Re: Credit One Score

BackInTheSaddleAgain — Thu, 06 Feb 2014 21:06:04 GMT

BK in 2007. AmEx not BK friendly. Will probably give it a try this summer as I hit the 7 year mark. However, although I have decent credit scores now with 5+ years of perfect payment history, my scores don't tell the whole credit story to lenders. I also still have large unpaid business tax liens from 2007 that I am apparently responsible for and will NEVER be able to pay. Bit of a credit rebuilding quandary wouldn't you say?

Re: Credit One Score

efranklin23 — Fri, 07 Feb 2014 00:27:07 GMT

@BackInTheSaddleAgain wrote:
BK in 2007. AmEx not BK friendly. Will probably give it a try this summer as I hit the 7 year mark. However, although I have decent credit scores now with 5+ years of perfect payment history, my scores don't tell the whole credit story to lenders. I also still have large unpaid business tax liens from 2007 that I am apparently responsible for and will NEVER be able to pay. Bit of a credit rebuilding quandary wouldn't you say?

Yea, that's definitely hard to get approval for AMEX. You would've had a chance with the BK close to 7 years but the unpaid lien is the killer here. I have seen people in the forums complain about small unpaid tax liens being the reason for the denial of a CC.

Re: Credit One Score

bigblue7722 — Sun, 27 Jul 2014 01:50:59 GMT

@Transmogrifying_Bee wrote:
@anca21bi wrote:
I thought it was an Experian score that is given? So it is a TU fako?
Credit One Bank uses EXPERIAN to obtain your credit information. However, it is some type of FAKO Credit Score since their scores range from a low of 350 (instead of 300) to a high of 850.

can anyone confirm this? credit one says my score is a 706 I would freak out if that was my real fico. this is what exerian says:

http://www.experian.com/credit-education/understanding-credit-scores.html

Re: Credit One Score

One7 — Sun, 27 Jul 2014 02:35:02 GMT

Credit One is an EX Fako. Whenever I had one my score was in high 500s up until I cancelled it just a couple months back. My fico EX was 710 at the time, BIG difference.