topic Re: 3 completely different scores in Understanding FICO® Scoring

3 completely different scores

Anonymous — Wed, 02 Apr 2014 23:29:43 GMT

Does anyone know which one would be the correct score. US Bank says 702, Capital One says 767, and Barclays says 792. These are all the free ones with their credit cards. And it is such a huge differebce between them.

Re: 3 completely different scores

mongstradamus — Wed, 02 Apr 2014 23:40:19 GMT

@Anonymous wrote:
Does anyone know which one would be the correct score. US Bank says 702, Capital One says 767, and Barclays says 792. These are all the free ones with their credit cards. And it is such a huge differebce between them.

I think Barclay's is the only fico score out of the three

Re: 3 completely different scores

Anonymous — Wed, 02 Apr 2014 23:48:12 GMT

So I should trust the Barclays one a little more? How often does USBank update theirs?

Re: 3 completely different scores

mongstradamus — Wed, 02 Apr 2014 23:55:22 GMT

@Anonymous wrote:
So I should trust the Barclays one a little more? How often does USBank update theirs?

I am not sure about us bank I don't have their card.with regards to Barclays Rico score it's TU 08 score,but you have to keep in mid there are over 50 differentvariations of Fico scores out there.

Re: 3 completely different scores

Anonymous — Wed, 02 Apr 2014 23:58:13 GMT

I totally get that. I was just curious. I probably know why the usbank is lower, depending on their reports. I had a chargeoff with discover that was my fault, but kind of ridiculous. It was for $25 and it just slipped my mind. Anyway, I paid it off and requested that they delete it. They did, but it was about a month agi. So maybe their report isnt the newest?

Re: 3 completely different scores

Anonymous — Thu, 03 Apr 2014 00:33:54 GMT

@Anonymous wrote:
Does anyone know which one would be the correct score. US Bank says 702, Capital One says 767, and Barclays says 792. These are all the free ones with their credit cards. And it is such a huge differebce between them.

There are a whole slew of different models (formulas) out there, and thus there is no "correct score".

The closest thing would be the FICO scores used in the mortgage business, or else the 08 scores such as the TU 08 one that Barclays offers.

There may also be timing issues, if the scores are not calculated at the same time, and information on your report changes.