topic Re: Discover Scorecard VS MyFICO Scorecard in Understanding FICO® Scoring

Discover Scorecard VS MyFICO Scorecard

CivalV — Fri, 22 Feb 2019 22:16:37 GMT

I decided to check my Discover scorecard to see if it updated. Last month my Discover scorecard lined up fine with MyFICO scores and overall account information.

I noticed my Discover Scorecard as of today for EX is 619. It is also showing my credit usage has dropped to 58% which is accurate as of today. I also noticed my EX is reporting 17 total accounts. 2 installment (fingerhut fresh start and self lender) and 15 revolving accounts.

As of February 18th my monthly report for MYFICO is reporting 2 installment and 10 revolving. EX is 608.

Has anyone had this happen? Could it be that MyFICO hasn’t updated and Discover is up to date with my actual account report info? I know I have 12 total accounts. It is a little confusing. MyFICO doesn’t update right away for my account. Sometimes I will receive alerts days to a week after the scores even updated.

Example: MyFICO alert score increase and when I check it states this increase was from last week and it’s just now reflecting.

If anyone has some insight on this please share. Thank you in advance.

Re: Discover Scorecard VS MyFICO Scorecard

Anonymous — Fri, 22 Feb 2019 21:50:34 GMT

It looks like you're looking at an old MF pull relative to your fresh Discover one. Different report data, thus different scores. When the MF pull is refreshed and your report matches what Discover has, you'll see the scores match again.

Re: Discover Scorecard VS MyFICO Scorecard

CivalV — Fri, 22 Feb 2019 22:21:32 GMT

@Anonymous wrote:
It looks like you're looking at an old MF pull relative to your fresh Discover one. Different report data, thus different scores. When the MF pull is refreshed and your report matches what Discover has, you'll see the scores match again.

Thanks for the reply. I noticed there is a difference in the number of accounts. Discover shows 17 accounts. 15 revolving and 2 installments whereas myfico as of Feb 18th shows only 12 accounts. 10 revolving and 2 installments. I have not opened any new accounts though I was denied 2 accounts with Penfed after opening a savings.

My fingerhut fresh start was closed after being paid off. I have not received any graduation letters even though the rep stated I should receive something in the mail 2-3 weeks ago.

What are your thoughts?

Re: Discover Scorecard VS MyFICO Scorecard

Imhotrodcrazy — Fri, 22 Feb 2019 23:21:17 GMT

My scorecard is way off. It says I have a total of 18 accounts when I only have 10. All other reports are correct.

Re: Discover Scorecard VS MyFICO Scorecard

Anonymous — Sat, 23 Feb 2019 01:18:13 GMT

Are you guys considering both open and closed accounts? Discover's credit scorecard is counting both, because both open and closed accounts are considered in FICO scoring. I only have 9 open accounts, but as you can see from the image below when including my 14 closed accounts I have 23.

All I can think of for you guys is that your other (non-Discover credit scorecard) source is only counting open accounts rather than all of the accounts present on your CR, which would be all open and closed.

Re: Discover Scorecard VS MyFICO Scorecard

Imhotrodcrazy — Sat, 23 Feb 2019 01:48:59 GMT

I have a total of 10 accounts, 6 open and 4 closed. I prefer to have only a few accounts, it's all that I need.

Re: Discover Scorecard VS MyFICO Scorecard

Trudy — Sat, 23 Feb 2019 15:49:52 GMT

Not sure of difference between Discover scorecard (EX) and having an EX credit works premium subscription. But i've found that my EX subscription updates long before MyFico subscription updates even though the 8 scores are suppose to update regularly. I pay for both at this time and have been considering cancelling MyFico and pulling only when I want to see all 28 scores. I get daily EX Fico 8, EX MTG, bankcard 8 and auto scores 8 updates and a couple of other old EX models for CC and Auto that are seldom used. I've seen it take weeks and even longer before MyFico subscription FICO 8 scores that are suppose to update regularly, not just monthly or quarterly based on ones MyFico Subscription.

This forum is great but I think I'm better off with no MyFico subscription and paying periodically for all scores since I'm paying $32.95 monthly for quarterly reports. At this point I don't need to see all acores quarterly since I'm not applying for anything and since I get FICO 8 scores monthly for all 3 bureaus with my EX subscription.

Re: Discover Scorecard VS MyFICO Scorecard

Anonymous — Sat, 23 Feb 2019 04:14:04 GMT

@Imhotrodcrazy wrote:
I have a total of 10 accounts, 6 open and 4 closed. I prefer to have only a few accounts, it's all that I need.

From a FICO scoring perspective, you don't have a "few" accounts. Once you get to about 4 (open + closed) accounts your file is no longer considered "thin" and its thickness strengthens your profile. Granted, compared to some of the members of this forum that have 20-30 open accounts (who knows how many when counting closed ones) it may seem like just a few. I'm a huge fan of quality over quantity, so I think it's a great thing to limit your number of accounts to what maximizes things from your perspective.

Re: Discover Scorecard VS MyFICO Scorecard

Anonymous — Sat, 23 Feb 2019 04:17:45 GMT

@Trudy wrote:
This forum is great but I think I'm better off with no MyFico subscription and paying periodically for all scores since I'm paying $32.95 monthly for quarterly reports.

Agreed. I'm a huge fan of "less is more" when it comes to CMS providers and subscriptions. I still maintain that a $1 trial from CCT/EX CW every month or as needed beats any "real" monthly service for $30-$60 into submission.

Re: Discover Scorecard VS MyFICO Scorecard

Anonymous — Sun, 24 Feb 2019 02:30:56 GMT

My Discover Credit Scorecard (EX) also has an incorrect number of accounts when I updated it today. It appears to be adding 5 to my number of revolving accounts and I do not have any closed accounts.

The number of inquiries does not match CCT, but I am assuming my 3 auto loan inquires between November 14 and December 15, 2018 are being scored as 1.

I am also aboard the "less is more" train. For the most part I only do $1 cct trials when I get curious and impatient. A few single month MyFICO subscriptions over the years when I wanted to see the other score versions.

Re: Discover Scorecard VS MyFICO Scorecard

Anonymous — Sun, 24 Feb 2019 03:10:29 GMT

@Anonymous wrote:

I am also aboard the "less is more" train. For the most part I only do $1 cct trials when I get curious and impatient. A few single month MyFICO subscriptions over the years when I wanted to see the other score versions.

I think that's the best combo going and it can't be matched in terms of bank for the buck (literally, most of the time).

Re: Discover Scorecard VS MyFICO Scorecard

FireMedic1 — Mon, 25 Feb 2019 10:09:34 GMT

For all the other posters having the same issue. My total accounts jumped to 22 last week. I freaked and got a 1B pull . Scorecard was off by 10 accounts. So something is wacked out this month. Signing in the 2nd page used to be the last 4 of social. Now its doing a SecureAuth page then loads.