topic Re: How accurate is creditchecktotal.com ? in General Credit Topics

How accurate is creditchecktotal.com ?

Anonymous — Mon, 18 Jul 2016 23:07:59 GMT

Are these scores your true FICO scores ? Anyone have any info on the scores being true or how accurate they are ? Also how often can I check these scores ? For instance I'm waiting to see when my utilization has been reported and as of today it hasn't on one of my cards. Can I check daily ? Thank you.

Re: How accurate is checkcredittotal.com ?

Anonymous — Mon, 18 Jul 2016 23:05:08 GMT

Do you mean Creditchecktotal.com? If so, it's accurate. You can check your Experian on a daily basis but most credit card companies only update info once a month. I do remember my experian updating early when my mortgage posted but that's about it. My Experian always updates on or about the same time every month.

Re: How accurate is checkcredittotal.com ?

Anonymous — Mon, 18 Jul 2016 23:12:43 GMT

@Anonymous wrote:
Do you mean Creditchecktotal.com? If so, it's accurate. You can check your Experian on a daily basis but most credit card companies only update info once a month. I do remember my experian updating early when my mortgage posted but that's about it. My Experian always updates on or about the same time every month.

Sorry I meant creditchecktotal.com. Edited above. I'm pleasantly surprised as to what my scores are compared to my Fako scores. My FICO scores for creditchecktotal.com are all about 30 points higher than my Fako scores. While I know that Fako scores aren't accurate I'm pleased that my FICO scores are 690/702/697 and according to my Fakos I've been hovering around 660s.

Re: How accurate is creditchecktotal.com ?

Anonymous — Mon, 18 Jul 2016 23:24:34 GMT

Surprised also because before I checked my FICO scores from creditchecktotal.com, my only real knowledge of my FICO scores was when I applied for a card in May and was denied they said my Experian FICO was 640. Since then I've opened 2 new cards and my utilization is down a ton. Is it really possible that my FICO went up 50 points in two months?

Re: How accurate is creditchecktotal.com ?

JayTee1 — Mon, 18 Jul 2016 23:27:12 GMT

It is, especially if your utilization was high, and now it's low.

Re: How accurate is creditchecktotal.com ?

Loquat — Mon, 18 Jul 2016 23:40:44 GMT

I use CCT and their scores are accurate. One thing to note is that CCT only provides FICO 8 scores. There are a many of lenders that doesn't use this exact model for their approval process.

Re: How accurate is creditchecktotal.com ?

Anonymous — Mon, 18 Jul 2016 23:47:24 GMT

@Loquat wrote:
I use CCT and their scores are accurate. One thing to note is that CCT only provides FICO 8 scores. There are a many of lenders that doesn't use this exact model for their approval process.

Does Amex use FICO 8 ?

Re: How accurate is creditchecktotal.com ?

Anonymous — Tue, 19 Jul 2016 01:09:39 GMT

To answer one of your questions in your original post, you can check your scores however often you'd like if you use their $1 trial membership. You can cancel it any time and use another trial membership any time you'd like, even just a few days later. Many of us here have done this time and time again with no issues.

Re: How accurate is creditchecktotal.com ?

Anonymous — Tue, 19 Jul 2016 01:15:59 GMT

@Anonymous wrote:
To answer one of your questions in your original post, you can check your scores however often you'd like if you use their $1 trial membership. You can cancel it any time and use another trial membership any time you'd like, even just a few days later. Many of us here have done this time and time again with no issues.

Let's say I don't cancel my membership, can I still log on tomorrow and see the updated version of my scores(because I'm waiting to see when one of my cards reports a new balance) ? Or do I need to cancel and do another $1 trial membership to see the updated scores. Thanks

Re: How accurate is creditchecktotal.com ?

CJ7 — Tue, 19 Jul 2016 07:14:02 GMT

Repeat as desired after waiting 3 days for the account to close. Using this method

can effectively get up to six 3B reports every 30 days for $3 if one is so inclined.

Re: How accurate is creditchecktotal.com ?

Anonymous — Tue, 19 Jul 2016 11:30:05 GMT

@Anonymous wrote:
@Anonymous wrote:
To answer one of your questions in your original post, you can check your scores however often you'd like if you use their $1 trial membership. You can cancel it any time and use another trial membership any time you'd like, even just a few days later. Many of us here have done this time and time again with no issues.
Let's say I don't cancel my membership, can I still log on tomorrow and see the updated version of my scores(because I'm waiting to see when one of my cards reports a new balance) ? Or do I need to cancel and do another $1 trial membership to see the updated scores. Thanks

No, if you pull your scores today for a dollar you will able to pull them again for free 7 days from now. You get 2 pulls, 7 days apart for $1... so 50 cents per 3B pull.

Re: How accurate is creditchecktotal.com ?

takeshi74 — Tue, 19 Jul 2016 13:02:39 GMT

@Anonymous wrote:
Are these scores your true FICO scores ? Anyone have any info on the scores being true or how accurate they are ? Also how often can I check these scores ? For instance I'm waiting to see when my utilization has been reported and as of today it hasn't on one of my cards. Can I check daily ? Thank you.

Have you looked on the site and read its FAQ?

From the front page:

https://www.creditchecktotal.com/

Credit score calculated based on FICO Score 8 model

THe FAQ can be found at:

https://www.creditchecktotal.com/faqs

CCT is a very popular topic here so don't overlook existing discussions as a resource.

Any score is accurate but only for its own model. You need to consider both the specific scoring model and the CRA when referencing any score. You also need to consider the relevance of the scoring model and CRA combo to specific creditors/products. They do not all use the same CRA. They do not all use the same scoring model. You cannot just assume one model to be "accurate". You really need to consider relevance. Tools like the Credit Pulls Database (Google to find) and existing discussions here can help you determine which model/CRA a given creditor/product uses in its decision.

Different models evaluate report data differently and can have different scornig ranges so you cannot use a score generated by one model to determine a score generated by a different model. As incidated above, CCT provides FICO 8's for the 3 major CRA's. A TU FICO 8, for example, is a TU FICO 8 regardless of source, You can get TU FICO 8's from CCT, myFICO, Discover, Barclarycard, etc. However, you cannot use the FICO 8's from CCT to determine what your scores are with other models including other FICO's. FICO doesn't have just one model. See also the Understanding FICO Scoring subforum and its stickies for info on the various FICO models used by creditors.

Scores and models are also very common topics. Again, don't overlook existing discussions or the stickies in each subforum.

@Anonymous wrote:
For instance I'm waiting to see when my utilization has been reported and as of today it hasn't on one of my cards.

Most cards report on statement date but there are some that report at a fixed point. US Bank is one example -- they report on the last business day of the month. Again, you can refer to prior discussions if you're not sure when your cards report.

Keep in mind that the CRA's can take several business days to update after a creditor reports.

If you want to check daily on reported balances then you want daily report pulls. Don't rely on just score. CCT is the wrong tool for the job if you want daily pulls on all 3 of the major CRA's.

@Anonymous wrote:
I'm pleasantly surprised as to what my scores are compared to my Fako scores. My FICO scores for creditchecktotal.com are all about 30 points higher than my Fako scores. While I know that Fako scores aren't accurate I'm pleased that my FICO scores are 690/702/697 and according to my Fakos I've been hovering around 660s.

You cannot compare different models. Again, different models evalute report data differently. You should expect different results when the scoring algorithms differ. It's not simply a matter of FICO versus FAKO. Even FICO models do not generate the same scores with the same report data. If you want to know what your TU FICO 8 is then you have to pull your TU FICO 8. You cannot use a TU VantageScore 3.0, EQ FICO 8, etc to determine a TU FICO 8. You must pull the specific score you want to see.

All models are accurate. Accuracy is not about how well a model mimics another. Most models are not intended to mimic each other. FICO created its models to serve different purposes. VantageScore is not intended to mimic FICO models. Again, consider specific model/CRA combos and their relevance. If a creditor/doesn't use a model/CRA combo in its decision then the model/CRA will not be relevant to its decision. Do not assume that you can rely on just one model for all creditors and products out there.

You can certainly use whatever scoring model you want to track your credit progress but you need to look at large trends versus specific data points. Better yet, learn how credit is assessed and evaluate your own reports. Any scoring model uses the data in a report to generate a score. Good reports will lead to good scores.

This is only relevant to FICO scoring but it is a good starting point and gives you some idea of how FICO assesses your reports.

http://www.myfico.com/crediteducation/whatsinyourscore.aspx

Definitely read the stickies and threads around here and you'll get the hang of it in time.

Re: How accurate is creditchecktotal.com ?

Anonymous — Tue, 19 Jul 2016 12:56:03 GMT

And takeshi74 comes though with several of his signature macros.

OP, don't feel like you can't ask whatever you want around here. There are over 3 million posts in these forums, so I fully EXPECT you to overlook existing threads and discussions by definition.

Re: How accurate is creditchecktotal.com ?

Anonymous — Tue, 19 Jul 2016 22:26:21 GMT

Thank you all for the information !!

Re: How accurate is creditchecktotal.com ?

silkysean — Wed, 20 Jul 2016 03:02:43 GMT

Very accurate and exactly the same

Re: How accurate is creditchecktotal.com ?

Anonymous — Thu, 21 Jul 2016 05:38:58 GMT

Most interesting thread