topic Re: Discover Card score vs. myFICO scores in Understanding FICO® Scoring

Discover Card score vs. myFICO scores

Anonymous — Fri, 19 Feb 2016 00:14:30 GMT

Six months ago, the credit score on my Discover Card statement dropped nearly 100 points, from 824 to 733, and it has stayed at 733 ever since. Yet the three scores I purchase from myFICO haven’t changed at all. Currently they’re all in the 800s, which is where they’ve been for several years. I compared my most recent credit reports with those from a year ago and found no new negative information (in fact, no new information at all). Does anyone know why my Discover score would be 100 points lower than my myFICO scores?

Re: Discover Card score vs. myFICO scores

manyquestions — Fri, 19 Feb 2016 00:54:30 GMT

@Anonymous wrote:
Six months ago, the credit score on my Discover Card statement dropped nearly 100 points, from 824 to 733, and it has stayed at 733 ever since. Yet the three scores I purchase from myFICO haven’t changed at all. Currently they’re all in the 800s, which is where they’ve been for several years. I compared my most recent credit reports with those from a year ago and found no new negative information (in fact, no new information at all). Does anyone know why my Discover score would be 100 points lower than my myFICO scores?

When you log into your Discover account online and click on "view now" next to where it mentions FICO CREDIT SCORE what does it list below the graph for "Key Factors" where you see the red arrow pointing down.

You should see typical credit score comments like:

1. TIME SINCE MOST RECENT ACCOUNT OPENING IS TOO SHORT

People who recently opened a new credit account (such as a credit card or loan) are more likely to miss future payments than those who have not and are riskier to lenders.

Also, what is the date on the Discover Fico score vs. the date on your Myfico Transunion 08 score?

Re: Discover Card score vs. myFICO scores

Anonymous — Fri, 19 Feb 2016 01:08:28 GMT

It says:

1. PROPORTION OF LOAN BALANCES TO LOAN AMOUNTS IS TOO HIGH

The balances of your non-mortgage installment loans (such as auto or student loans) are high compared to your original loan amounts. As you pay down your loan your balance decreases, which reduces the proportion.

2. LACK OF RECENT REVOLVING ACCOUNT INFORMATION

Your report shows no open or recently reported revolving credit accounts. People responsibly using different types of credit are generally less risky to lenders.

I don't understand why either of these would cause my Discover score to suddenly drop nearly 100 points:

1) The only loans I have are student loans, I've NEVER missed a payment, and the balances have been going down steadily for years.

2) I use the same credit cards for the same things every month, so it's not true that I have "no open or recently reported revolving credit accounts."

And as I mentioned, my myFICO scores didn't drop at all. They're still in the 800s, where they've been for several years. So what's going on with Discover?

Re: Discover Card score vs. myFICO scores

Anonymous — Fri, 19 Feb 2016 01:02:57 GMT

Didn't see your last question...

My Discover score dropped from 824 to 733 in September 2015, and it's been at 733 ever since, including on the statement I received today.

My myFICO Transunion score was 828 in July 2015 and 832 in January 2016, the last time I checked it.

Re: Discover Card score vs. myFICO scores

manyquestions — Fri, 19 Feb 2016 01:17:23 GMT

Maybe you have a split file. It sounds like Discover is not seeing any information about the credit cards.

Re: Discover Card score vs. myFICO scores

Anonymous — Fri, 19 Feb 2016 01:17:57 GMT

Mine is also wrong, 745 vs an actual of 815. But mine is because TU is dishing up a cached report that still shows my tax lien that's been gone for a year. I no longer care since I know what the real score is, and it hasn't stopped Discover from ponying up CLI's.

Re: Discover Card score vs. myFICO scores

SouthJamaica — Fri, 19 Feb 2016 03:29:19 GMT

@Anonymous wrote:
Mine is also wrong, 745 vs an actual of 815. But mine is because TU is dishing up a cached report that still shows my tax lien that's been gone for a year. I no longer care since I know what the real score is, and it hasn't stopped Discover from ponying up CLI's.

My Discover TU FICO 8 score is exactly what it was on MyFICO on the given date. Since they both get if from the same source there's no logical reason why it should be different.

Re: Discover Card score vs. myFICO scores

Anonymous — Fri, 19 Feb 2016 07:09:57 GMT

My discover fico score just dropped from 696 to 612 for no apparent reason. I bought the myfico 3 report to find out what caused it and nothing has changed, including my TU score. There is a discrepancy between the Discover and myfico scores?? Why would this be?

Re: Discover Card score vs. myFICO scores

Anonymous — Fri, 19 Feb 2016 16:42:03 GMT

@SouthJamaica wrote:
@Anonymous wrote:
Mine is also wrong, 745 vs an actual of 815. But mine is because TU is dishing up a cached report that still shows my tax lien that's been gone for a year. I no longer care since I know what the real score is, and it hasn't stopped Discover from ponying up CLI's.
My Discover TU FICO 8 score is exactly what it was on MyFICO on the given date. Since they both get if from the same source there's no logical reason why it should be different.

There may be no logical reason for it to be different, but it is and has been for the last six months.

Re: Discover Card score vs. myFICO scores

JLK93 — Fri, 19 Feb 2016 21:08:33 GMT

Several people, including myself, have reported that their Discover TU 08 Fico scores diverged from their TU 08 Fico scores purchased from Myfico beginning in September 2015.

My TU 08 scores purchase from Myfico have fluctuated between 846 and 849 for the last 6 months.

My TU 08 scores from Discover have fluctuated between 830 and 834 for the last 6 months.

I don't believe that I have a split file. I have obtained my TU credit file from every conceivable source and all my accounts are present. Somehow, Discover seems to be obtaining a score from TU that includes information that was removed from my TU credit report.

I'm not quite sure what is going on. But, I'm obviously not the only one experiencing this anomaly.

Re: Discover Card score vs. myFICO scores

NRB525 — Sat, 20 Feb 2016 03:54:59 GMT

@Anonymous wrote:
It says:

1. PROPORTION OF LOAN BALANCES TO LOAN AMOUNTS IS TOO HIGH
The balances of your non-mortgage installment loans (such as auto or student loans) are high compared to your original loan amounts. As you pay down your loan your balance decreases, which reduces the proportion.
2. LACK OF RECENT REVOLVING ACCOUNT INFORMATION
Your report shows no open or recently reported revolving credit accounts. People responsibly using different types of credit are generally less risky to lenders.

I don't understand why either of these would cause my Discover score to suddenly drop nearly 100 points:
1) The only loans I have are student loans, I've NEVER missed a payment, and the balances have been going down steadily for years.
2) I use the same credit cards for the same things every month, so it's not true that I have "no open or recently reported revolving credit accounts."
And as I mentioned, my myFICO scores didn't drop at all. They're still in the 800s, where they've been for several years. So what's going on with Discover?

This makes me think you've got something missing in what Discover is gathering.

Can you list out all your credit cards, CL, and what each card reported on its last statement?

If there's only one card reporting a balance, and that card somehow is not flowing through correctly to the data that Discover is seeing, then you would have zero cards reporting a balance, and that might explain the score drop.

If you do only have one card reporting, one experiment might be to let another card, from a completely different bank, report a balance and see what the Discover score does.

Re: Discover Card score vs. myFICO scores

Anonymous — Sat, 20 Feb 2016 06:25:48 GMT

This makes me think you've got something missing in what Discover is gathering.

Can you list out all your credit cards, CL, and what each card reported on its last statement?

If there's only one card reporting a balance, and that card somehow is not flowing through correctly to the data that Discover is seeing, then you would have zero cards reporting a balance, and that might explain the score drop.
If you do only have one card reporting, one experiment might be to let another card, from a completely different bank, report a balance and see what the Discover score does.

I have two credit cards that I use every month and a third card that I use approximately every other month. So in any given month, I'll always have at least two cards (and sometimes three) with balances. The balances are always well below my credit limits, and I usually pay them off in full every month. So I'm still baffled by this sudden 100-point drop in one score while the others remain the same.

But thanks to everyone for the info. At least I know I'm not the only person this has happened to.

Re: Discover Card score vs. myFICO scores

NRB525 — Sat, 20 Feb 2016 16:58:10 GMT

And all three cards report those balances on their statement? Not paid prior to statement print?

Re: Discover Card score vs. myFICO scores

Anonymous — Sat, 20 Feb 2016 17:54:43 GMT

@NRB525 wrote:
And all three cards report those balances on their statement? Not paid prior to statement print?

Yes, at least two cards always show a balance on the statement, and sometimes all three do.

Re: Discover Card score vs. myFICO scores

bdhu2001 — Sat, 20 Feb 2016 18:08:04 GMT

I am beyond puzzled and disappointed to hear this. My Discover and FICO have always been spot on. Recently my TU 08 went up on myFICO and I was planning on canceling my subscription since I can get the TU score from Discover. It appears that something has changed at Discover.