topic Re: Credit Score Tracking From Capital One in General Credit Topics

Credit Score Tracking From Capital One

Anonymous — Tue, 15 Apr 2014 20:03:16 GMT

I didn't know they offer Free Credit Score Tracking from Transunion. Barclays and Discover just gives you the credit score. Capital One gives you your whole credit profile.

Thats the message i got when i logged in today after 4 months

New from Capital One: 100% free and unlimited access to your credit score and much more. Start Tracking Now

Re: Credit Score Tracking From Capital One

mongstradamus — Tue, 15 Apr 2014 20:05:40 GMT

Its definitely nice to have.,but its basically the same thing ck offers for free already.

Re: Credit Score Tracking From Capital One

Anonymous — Tue, 15 Apr 2014 20:08:48 GMT

Discover gave me CS of 727 last month and they Capital One gave me 741 as of today. So I will take it

Re: Credit Score Tracking From Capital One

Anonymous — Tue, 15 Apr 2014 20:11:09 GMT

@Anonymous wrote:
Discover gave me CS of 727 last month and they Capital One gave me 741 as of today. So I will take it

Is the score that Capitol One gives now a Transunion FICO or FAKO? Cause the CK website is a FAKO if I'm not mistaken.

Re: Credit Score Tracking From Capital One

Kenny — Tue, 15 Apr 2014 20:14:02 GMT

@Anonymous wrote:
@Anonymous wrote:
Discover gave me CS of 727 last month and they Capital One gave me 741 as of today. So I will take it
Is the score that Capitol One gives now a Transunion FICO or FAKO? Cause the CK website is a FAKO if I'm not mistaken.

FAKO. I'll take Discover's score each month and disregard Cap1's as I watch Credit Karma for TU updates -- even though it seems slow to update. lol

Re: Credit Score Tracking From Capital One

Anonymous — Tue, 15 Apr 2014 20:14:52 GMT

No score from capital one is Fico not Fako

Re: Credit Score Tracking From Capital One

Kenny — Tue, 15 Apr 2014 20:17:25 GMT

@Anonymous wrote:
No score from capital one is Fico not Fako

It's not, I'm sorry.

Re: Credit Score Tracking From Capital One

coldnmn — Tue, 15 Apr 2014 20:24:30 GMT

I don't know if it's Fico or Fako. But I know it's not the same as CredtKarma. I have both and there not even close to the same for me.

Re: Credit Score Tracking From Capital One

mongstradamus — Tue, 15 Apr 2014 20:33:25 GMT

@coldnmn wrote:
I don't know if it's Fico or Fako. But I know it's not the same as CredtKarma. I have both and there not even close to the same for me.

That's interesting because for me everything on cap one score tracker and ck is exactly the same. Same exact score also.

I would just use cap one and ck for monitoring purposes. Use either discover ,walmart,or Barclay for their true tu 08 fico scores

Re: Credit Score Tracking From Capital One

Anonymous — Tue, 15 Apr 2014 20:41:26 GMT

Various web pages say explicitly that the service is derived from Credit Karma.

One reason why the scores may not match is because of being calculated at different times.

I would only use this type of tool for doing very rough trend tracking, and not for anything that needs more accuracy.

http://www.mybanktracker.com/news/2014/03/03/capital-one-offer-free-credit-tracker-tool-credit-card-customers

Re: Credit Score Tracking From Capital One

Kenny — Tue, 15 Apr 2014 20:46:17 GMT

How does TransUnion credit score differ from FICO?"

"Lenders use many scoring models to calculate your credit score. All these methods take into account key factors, including your history of on-time payments and credit report details, to measure how likely you are to repay a loan. Your Credit Tracker score is based on the TransUnion New Account Model and is intended for consumer informational purposes only. In any scoring model, a higher score is always better."

Where does this score come from? "

"Your Credit Tracker score is calculated based on the TransUnion New Account Model. The model utilizes information in your TransUnion credit report, which may include your bill pay history, amount of available credit, number and age of open accounts, recent credit activity, etc. Credit Tracker provides an educational score courtesy of TransUnion, one of three nationwide credit bureaus, and uses only credit report information from the TransUnion database."

aka fako.

Re: Credit Score Tracking From Capital One

coldnmn — Tue, 15 Apr 2014 20:54:18 GMT

@mongstradamus wrote:
@coldnmn wrote:
I don't know if it's Fico or Fako. But I know it's not the same as CredtKarma. I have both and there not even close to the same for me.
That's interesting because for me everything on cap one score tracker and ck is exactly the same. Same exact score also.

I would just use cap one and ck for monitoring purposes. Use either discover ,walmart,or Barclay for their true tu 08 fico scores

That's all that any of them are good for unless you know which one the creditor uses. Even the true Fico's are different.

Re: Credit Score Tracking From Capital One

sexy_kitten7 — Tue, 15 Apr 2014 21:15:31 GMT

To Clarify:

TU FICO: Discover and Barclays

TU FAKO: Credit Karma, Capital One

You can google this if you don't believe me.

Re: Credit Score Tracking From Capital One

coldnmn — Tue, 15 Apr 2014 21:23:09 GMT

@sexy_kitten7 wrote:
To Clarify:

TU FICO: Discover and Barclays
TU FAKO: Credit Karma, Capital One

You can google this if you don't believe me.

I believe you. But unless you know which Fico score the creditor uses all any of them are good for is to monitor your progress. There can be a 30 point difference between true Fico scores.

Re: Credit Score Tracking From Capital One

tattooedhusker — Tue, 15 Apr 2014 21:33:43 GMT

@mongstradamus wrote:
@coldnmn wrote:
I don't know if it's Fico or Fako. But I know it's not the same as CredtKarma. I have both and there not even close to the same for me.
That's interesting because for me everything on cap one score tracker and ck is exactly the same. Same exact score also.

I would just use cap one and ck for monitoring purposes. Use either discover ,walmart,or Barclay for their true tu 08 fico scores

+1. Same for me here.

Re: Credit Score Tracking From Capital One

TiggerDat — Tue, 15 Apr 2014 22:34:34 GMT

It doesn't appear online for everyone. In this instance it would then have to be used through the mobile app. It is not online for me, but I can get it through the app. And yeah it is basically what I get from CK.

Re: Credit Score Tracking From Capital One

Anonymous — Thu, 04 Dec 2014 19:17:03 GMT

Sorry to revive an old post but just thought I'd confirm that CapOne is FAKO.

I am getting my true fico from walmart and it is much higher than CapOne. Also, my capone matches my creditkarma score when they update the same week.

Re: Credit Score Tracking From Capital One

takeshi74 — Fri, 05 Dec 2014 21:29:23 GMT

There isn't just one true FICO. Scores are a very common topic. Don't overlook prior discussions and the Understanding FICO Scoring subforum. Even with FICO there are a number of different scoring models used by creditors.

CO provides a score based on the TransUnion New Account model. The same score was used by CK but CK recently switched over to Vantage 3.0.