FICO scores?

[Anonymous]

I received a letter from Barclays regarding my recent CLI. It showed my TU score as 651. Just two weeks ago I pulled my FICO TU and it was 677. My utilization has gone down. No late payments. Barclays did a hard pull to give me the CLI but that shouldn't have dropped my score 27 points. Anyone with any insight as to why there's such a difference between the two?

[Anonymous]

It's very possible that they are using a different version than myFICO.

[Anonymous]

Expound?

[armbenderc]

If you have very little to no INQs your score will drops more than people who have 10+ INQs already.

Wait few months it will bounce backup along with lower utils and more boost on score.

[improvingmycredit]

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@Anonymous wrote:
It's very possible that they are using a different version than myFICO.

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+1

The TU FICO you purchase from here is an older version called TU98.  Barclays likely uses a credit card enhanced TU version or even a newer model.

For example, the free TU FICO score one gets from Walmart CC is a TU 08 version.  The free TU FICO score one gets from Merrick is a TU 8 Bank Card enhanced version.  This version ranges from 250 - 900.  

It's good to get a base of where your score is, but it's best to focus on what primary reasons are for the lowering of the score because these issues don't change from model to model.  The difference is how each of the the issues is weighted for the types of credit you are applying from model to model be it TU98/TU08/TU08CC enhanced/TU08 auto loan enhanced... ect..ect...  If that makes any sense.  

[myjourney]

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@Anonymous wrote:
It's very possible that they are using a different version than myFICO.

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+1 not sure what scoring model they use but mine was much lower when I was approved for my card..23 points if i remember right.

[Anonymous]

Have to admit I'm a little confused. Guess I don't understand the difference between TU FICO scores. I thought the score purchased here would be the real FICO score but I'm getting a different TU FICO score result from Barclays and WalMart's TU score is once again not the same either. So, how do I know what my real TU FICO is? It would be nice to know my real score if at some time down the road I want to apply for more credit.

[myjourney]

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@Anonymous wrote:
Have to admit I'm a little confused. Guess I don't understand the difference between TU FICO scores. I thought the score purchased here would be the real FICO score but I'm getting a different TU FICO score result from Barclays and WalMart's TU score is once again not the same either. So, how do I know what my real TU FICO is? It would be nice to know my real score if at some time down the road I want to apply for more credit.

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Different models

Myfico is real so is walmart

[Anonymous]

Barclays based my CLI on the TU FICO score they showed. My TU FICO score here and Walmart TU FICO are both substantially higher than what Barclays TU FICO showed. It doesn't really seem right that the Barclays TU score wasn't the same. I feel pretty confident if they would have used the TU FICO score my CLI would have been more. Kinda disappointed.

[myjourney]

barclays uses a real TU but they then factor in some type of internal score.