So I've had my wonderful CreditOne card with my whopping 800 CL for just over a year now (14 months). Terminating soon! During that time THEIR version of my FICO has gone from about 635 to 654 with no changes on my report in 6 months. Maybe a few inquiries fell off from 2 years ago, but that's about it and this shouldn't have effected my score anyways. Anyways, all of a sudden this last CreditOne Dec. report skyrockets to 724. Even my real FICO TU is only 704.
Anyone of of you hard core credit geeks want to take a wild stab at this one? THANKS!
Current Score: EX: 718, EQ: 715, TU: 720
Not sure. All I know, regardless of which version of scoring they use, a sudden 60 or 70 point increase in your score is pretty unusual... especially given no dramtic change in utilization or anything else of relative importance.
@anca21bi wrote:I thought it was an Experian score that is given? So it is a TU fako?
Credit One Bank uses EXPERIAN to obtain your credit information. However, it is some type of FAKO Credit Score since their scores range from a low of 350 (instead of 300) to a high of 850.
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@BackInTheSaddleAgain wrote:So I've had my wonderful CreditOne card with my whopping 800 CL for just over a year now (14 months). Terminating soon! During that time THEIR version of my FICO has gone from about 635 to 654 with no changes on my report in 6 months. Maybe a few inquiries fell off from 2 years ago, but that's about it and this shouldn't have effected my score anyways. Anyways, all of a sudden this last CreditOne Dec. report skyrockets to 724. Even my real FICO TU is only 704.
Anyone of of you hard core credit geeks want to take a wild stab at this one? THANKS!
Based on your score, why do you still have a CreditOne Card? Go get you a nice AMEX Card 
BK in 2007. AmEx not BK friendly. Will probably give it a try this summer as I hit the 7 year mark. However, although I have decent credit scores now with 5+ years of perfect payment history, my scores don't tell the whole credit story to lenders. I also still have large unpaid business tax liens from 2007 that I am apparently responsible for and will NEVER be able to pay. Bit of a credit rebuilding quandary wouldn't you say? 
@BackInTheSaddleAgain wrote:BK in 2007. AmEx not BK friendly. Will probably give it a try this summer as I hit the 7 year mark. However, although I have decent credit scores now with 5+ years of perfect payment history, my scores don't tell the whole credit story to lenders. I also still have large unpaid business tax liens from 2007 that I am apparently responsible for and will NEVER be able to pay. Bit of a credit rebuilding quandary wouldn't you say?
Yea, that's definitely hard to get approval for AMEX. You would've had a chance with the BK close to 7 years but the unpaid lien is the killer here. I have seen people in the forums complain about small unpaid tax liens being the reason for the denial of a CC.