topic Re: Credit Score Question in General Credit Topics

Credit Score Question

Anonymous — Wed, 25 Feb 2015 04:44:01 GMT

I'm 18 and I have gotten accepted for the CapitalOne Journey Card. I've had the card for 1 month now will be 2 in next week.

The credit score they give me on the capitalone credit tracker is 728 and says its powered by Transunion but on Credit Karma transunion has my score at 665 and equifax is 677.

Which one should think is true?

Why are both Transunion scores different?

Re: Credit Score Question

Anonymous — Wed, 25 Feb 2015 04:46:38 GMT

Never trust Credit Karma's score. It is not a real Fico score.

Re: Credit Score Question

Anonymous — Wed, 25 Feb 2015 04:47:44 GMT

The cap one isnt either.

Re: Credit Score Question

Anonymous — Wed, 25 Feb 2015 04:50:11 GMT

@Anonymous wrote:
The cap one isnt either.

I figured as much, but can't speak from experience because I don't use Crap One.

Re: Credit Score Question

Anonymous — Wed, 25 Feb 2015 04:53:36 GMT

they are old fico models.. they are not fico 08 .. dont trust them... want your real scores get them here or get a card with free fico score like discover barclays citi, and freedom slate. but it looks like your scores are too new.. garden my friend garden and garden

Re: Credit Score Question

Anonymous — Wed, 25 Feb 2015 05:30:24 GMT

^Freedom gives you your FICO score?

Re: Credit Score Question

Anonymous — Wed, 25 Feb 2015 05:33:33 GMT

I like Cap Ones card,rewards,and web site..just not their credit scores. Luckily I can get them on here.

Re: Credit Score Question

CH-7-Mission-Accomplished — Wed, 25 Feb 2015 06:03:44 GMT

Also Wal-Mart gives a free TU FICO score monthly.

Re: Credit Score Question

Anonymous — Wed, 25 Feb 2015 06:21:54 GMT

@Anonymous wrote:
they are old fico models.. they are not fico 08 .. dont trust them... want your real scores get them here or get a card with free fico score like discover barclays citi, and freedom slate. but it looks like your scores are too new.. garden my friend garden and garden

I thought Citi don't give fico 08, do they?

Re: Credit Score Question

takeshi74 — Wed, 25 Feb 2015 13:23:42 GMT

@Anonymous wrote:
Which one should think is true?

"True", "real", etc aren't really relevant. You can't just assume that all scores -- even based on the same CRA data -- are the same. The specific scoring model matters. As for which one you should rely on, that all depends on who you're applying to. Creditors don't all use one scoring model. If you want to know what a creditor will pull for you then you need to know both the CRA and model used. Even then, you can't always get that score.

Even FICO has a number of different scoring models used by creditors so you can't just assume that one FICO is what all creditors will pull for you.

@Anonymous wrote:
Why are both Transunion scores different?

CO provides a TransUnion New Account score. CK now provides VantageScore 3.0.

@Anonymous wrote:
^Freedom gives you your FICO score?

Not that I've seen.

@Anonymous wrote:
I thought Citi don't give fico 08, do they?

It's a FICO 08 but it's a bankcard score.

See also the Understanding FICO Scoring subforum, its stickies and discussions as well as prior discussions on scores. They're a very common topic.

Re: Credit Score Question

Anonymous — Wed, 25 Feb 2015 13:19:38 GMT

@Anonymous wrote:
^Freedom gives you your FICO score?

No, Chase will be providing FUCO scores only to Slate card holders.

Re: Credit Score Question

Anonymous — Wed, 25 Feb 2015 13:40:50 GMT

The Cap One score is the TransUnion New Account score, the same one Credit Karma was giving a couple months ago. Now Credit Karma uses Vantage Score 3.0, which is somewhat more relevant as we know a small number of lenders do actually use that score, but it's still not a very reliable score.
However, between TU New Account and Vantage 3.0, from my experience and from the posts of various people on this site, the Vantage score is usually more reflective of your FICO score, but ymmv.
Basically, neither the Credit Karma nor the Capital One score should really be of much concern. Also, because you are 18 and have such a short credit history, your scored will likely vary wildly from month to month over the next couple years so don't focus on any of your scores too much, even FICO. Just make sure you keep doing all the right things and pay everything on time. After a few years of perfect history, you will be golden!