topic Re: Fico Scoring in Understanding FICO® Scoring

Fico Scoring

Anonymous — Tue, 12 May 2015 18:16:58 GMT

Not sure where to post this but:

The free fico score you receive from a credit card day for example the TU Fico score you get from discover. Is that accurate? Or is it along the lines of Credit Karmas scoring?

Thanks.

Re: Fico Scoring

Anonymous — Tue, 12 May 2015 18:19:02 GMT

Depends on the company. It is accurate for whatever model they say they're using. I think that the TU scores from Barclays and Discover are both Fico 08, so they are "true" Fico scores. The one from Citi is a Fico 08 bankcard, so it isn't the normal one (although the bankcard is used by some lenders). I don't know about any of the others.

Re: Fico Scoring

LuckyBird — Tue, 12 May 2015 18:19:19 GMT

I think they vary. Pretty sure Discover's, for example, is a true Fico 08 score. But I think some cards do give stuff like Vantage Score or Plus Score.

Someone else with more info will chime in, I'm sure. : )

Re: Fico Scoring

Anonymous — Tue, 12 May 2015 18:22:43 GMT

Thanks guys.

Re: Fico Scoring

Anonymous — Tue, 12 May 2015 18:25:26 GMT

Discover gives true Fico score based on TU08

Re: Fico Scoring

Anonymous — Tue, 12 May 2015 18:31:16 GMT

Generally, it will say somewhere in the fine print what kind of score it is.

Re: Fico Scoring

taxi818 — Tue, 12 May 2015 18:31:32 GMT

Yes. they both accurate and would be exactly the same. except the dates they were pulled. that bankcard version is also accurate. but almost exactly as the fico 08 version. give or take a couple points. most cases that score is higher than fico 08. but in anycase. before applying for anything. always check the pulls database to see who your potential lender pulls. and get a good ideal of which they will be using. good luck.

Re: Fico Scoring

SunriseEarth — Tue, 12 May 2015 23:40:09 GMT

YMMV, depending on lender. Scores provided by Discover Card or Wal-Mart CC are both TU08, IIRC. However, Capital One's Credit Tracker is essentially a Credit Karma type of score.

Re: Fico Scoring

Anonymous — Tue, 12 May 2015 23:41:36 GMT

Thanks. Yea capitalone credit score for me is my lowest one. In everything

Re: Fico Scoring

Anonymous — Tue, 12 May 2015 23:44:31 GMT

And besides being a real score, Barclays (on my Arrival +) updates throughout the month. Discover, also a real score, does not.

I think Citibank's EQ is real, but always old. And Chase's EX I think is also real, but always old.

Re: Fico Scoring

Themanwhocan — Wed, 13 May 2015 00:05:12 GMT

Vantagescore is not a FICO score and basicaly not used, and NextGen is a FICO score that is basically not used.

I consider a pure FICO and FICO Bankcard scores to be useful, true FICO scores that are actually used. Sorta like the difference between Canadian, and French Canadian.

Re: Fico Scoring

Anonymous — Wed, 13 May 2015 00:05:21 GMT

You have to dig and read the small print. According to Discover's site, they provide the Fico Score 8 model.

Re: Fico Scoring

Anonymous — Wed, 13 May 2015 00:10:25 GMT

Thanks for the answers guys

Re: Fico Scoring

Dw4250 — Wed, 13 May 2015 00:26:29 GMT

I've been steeped in the "FICO world" for the better part of two years and I still do not understand why there are such discrepancies between even true FICO models. For example there is an almost 50 pt difference between my 08 and 04. Same info; just things weighted differently.

Re: Fico Scoring

Anonymous — Wed, 13 May 2015 00:34:54 GMT

Yeah, I'll never understand it either lol.

Re: Fico Scoring

Anonymous — Wed, 13 May 2015 00:35:38 GMT

Discover & Barclay's is a real fico. Cap One is neither Fico or the new Vantage score. I believe it's the old Vantage scoring model. Most of the others take forever to update.

Re: Fico Scoring

securingourfuture — Wed, 13 May 2015 00:39:25 GMT

@Lincoln465 wrote:
Thanks. Yea capitalone credit score for me is my lowest one. In everything

Yes Cap1 seems to be a few weeks behind with updates too. My most recent still showed balances that were paid off over 30 days ago.

Re: Fico Scoring

gdale6 — Wed, 13 May 2015 00:40:34 GMT

@Anonymous wrote:
Discover & Barclay's is a real fico. Cap One is neither Fico or the new Vantage score. I believe it's the old Vantage scoring model. Most of the others take forever to update.

Cap-1 score is the TU new accounts model FAKO

Re: Fico Scoring

Themanwhocan — Wed, 13 May 2015 02:23:23 GMT

@Dw4250 wrote:
I've been steeped in the "FICO world" for the better part of two years and I still do not understand why there are such discrepancies between even true FICO models. For example there is an almost 50 pt difference between my 08 and 04. Same info; just things weighted differently.

Yes, a lot of us weighed less in '04

Re: Fico Scoring

Anonymous — Wed, 13 May 2015 02:39:21 GMT

My Barclay FICO is exactly what my true TU FICO score. Same with Discover. But, my CapOne is so bad I don't even bother checking it. I looked tonight just now before replying to this - 650...huh??