topic Re: Discover Scorecard in Understanding FICO® Scoring

Discover Scorecard

Anonymous — Tue, 04 Apr 2017 13:11:31 GMT

Is the scorecard that Discover provides to everyone for free accurate? My new score was available for updating yesterday, and its 12 points higher than my Experian score on myFICO.

Re: Discover Scorecard

sarge12 — Tue, 04 Apr 2017 13:18:20 GMT

@Anonymous wrote:
Is the scorecard that Discover provides to everyone for free accurate? My new score was available for updating yesterday, and its 12 points higher than my Experian score on myFICO.

It is a fico 08, if the one from experian is also, the difference would have to be when each was pulled. The one on scorecard.com is definately a true fico 08 score from experian.

Re: Discover Scorecard

Anonymous — Tue, 04 Apr 2017 16:30:30 GMT

The Discover Score Card has consistently matched other providers. As one poster noted, a score is accurate for the moment in time it is pulled then any change and a re-pull could find a score that is different (have done this to test).

Re: Discover Scorecard

Anonymous — Tue, 04 Apr 2017 20:31:18 GMT

@Anonymous wrote:
Is the scorecard that Discover provides to everyone for free accurate? My new score was available for updating yesterday, and its 12 points higher than my Experian score on myFICO.

This just means that the score generated on myFICO and the score generated at scorecard were done at different times and taking different data at those moments into consideration. Typically something like a utilization change, new account, etc. could constitute a change of ~12 points.

Re: Discover Scorecard

Anonymous — Wed, 05 Apr 2017 00:02:52 GMT

For a time I subscribed both to myFICO and Experian's own credit monitoring service offering reports refreshed daily.

What I found was that because myFICO only updates based on alerts sents by the credit bureau, the Experian score on myFICO could be about 2 weeks and several score changes out of date at times.

Customer service at myFICO explained that this is how the product is supposed to work because myFICO has no control over the process the credit bureau uses to issue alerts.

Re: Discover Scorecard

Anonymous — Wed, 05 Apr 2017 00:17:40 GMT

Maybe Discover pulled Tu?

Re: Discover Scorecard

sarge12 — Wed, 05 Apr 2017 00:24:05 GMT

@Anonymous wrote:
Maybe Discover pulled Tu?

Discover scorecard is the free score provided to anyone for free and it is an Experian fico 08 score...always. The score provided to cardholders on the discover site is a Transunion fico 08 score...always.

Re: Discover Scorecard

Anonymous — Wed, 05 Apr 2017 01:21:37 GMT

The score that shows on the Discover Scorecard was refreshed on April 3rd. My score on myFICO has not been updated since March 30th.

Is it safe to assume the Discover score is more accurate even though it's only been a couple of days?

Re: Discover Scorecard

sarge12 — Wed, 05 Apr 2017 01:29:17 GMT

@Anonymous wrote:
The score that shows on the Discover Scorecard was refreshed on April 3rd. My score on myFICO has not been updated since March 30th.

Is it safe to assume the Discover score is more accurate even though it's only been a couple of days?

They are both equally accurate. A score pull is a snapshot in time, and as such is accurate for that time and date, and only that time and date. Two days later it may be higher or lower based on what may have reported or fell off the report since the last pull.

Re: Discover Scorecard

Anonymous — Wed, 05 Apr 2017 01:32:06 GMT

> The score that shows on the Discover Scorecard was refreshed on April 3rd. My score on myFICO has not been updated since March 30th.

> Is it safe to assume the Discover score is more accurate even though it's only been a couple of days?

I would guess yes, the reason being that many FICO factors, including account age and expiration dates for old late payments, are calculated by the month. So it's common to see a score change (typically an improvement) on the first day of the month.

Presumably you will receive a myFICO update in the next day or two. If you need to, you can sign up for the free credit monitoring service at Experian.com, which will give you your report info and a FICO 8 immediately and once a month thereafter at no charge.

If you have an AmEx card I believe they give you a free FICO 8 once a month (at a date they determine) as well.

If you are closely monitoring your Experian report (perhaps in the process of a significant application), you can stagger these reports use the information provided by these services, together with the hints contained in the myFICO alerts, to get a pretty accurate picture of activity in your Experian file and its effects on your FICO 8.

Re: Discover Scorecard

Thomas_Thumb — Wed, 05 Apr 2017 01:37:26 GMT

No - It is not a question of consistency, the same model is used in both cases. Any difference in score (given the same CRA) is data in the CRA report at the time it is input into the scoring model. Generally the more recent the data has been pulled to generate a score, the more likely it is to represent current state.

As for scores being accurate - if the data in your CRA report is accurate your score will be accurate. Otherwise garbage in, garbage out.