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I recently app and got the Discover More card (5K CL). On the approval letter I received in the mail, they gave me a TU FICO score of 710. This is way different from the TU FICO score of 655 from (here) myfico TU monitoring service. Why such a big difference? It appears that there are two different algorithms being used here and with the creditor. Is the myfico product a Fako score? I am suprise that I even got the Discover more card, as i was sitting on the edge waiting for my socre to go above 700 (monitoring the score from this site) before applying. I just could not hold out anymore and just app for it. It's a good thing I did.
Similiar thing happened to me about seven weeks ago. I app for an Amex card PRG and was denied for having a "recovery product"------the Optima Card. The rep told me my EX score is above 700 so if I close the Optima, I would more than likely be approved for the PRG card. I never bother to close it, as I am waiting for six months of steady on-time PIF before doing so. i co an Amex BCP for 10k and PIF.
Background: When I originally applied for the Amex BCP in 2008, I was approved with a CL of 25k. I had an EX score in the high 830s, but due to being laid off, my credit suffered. I also had a More card with a CL of 5K too, but that was PIF and closed by me (Paid as agreed". I think that helped me in getting another more card too. I didn't know abuot requesting CLIs too, but now I know, thanks to this website. I am on the road to redemption once again.
@Creditspa wrote:I recently app and got the Discover More card (5K CL). On the approval letter I received in the mail, they gave me a TU FICO score of 710. This is way different from the TU FICO score of 655 from (here) myfico TU monitoring service. Why such a big difference? It appears that there are two different algorithms being used here and with the creditor. Is the myfico product a Fako score? I am suprise that I even got the Discover more card, as i was sitting on the edge waiting for my socre to go above 700 (monitoring the score from this site) before applying. I just could not hold out anymore and just app for it. It's a good thing I did.
Similiar thing happened to me about seven weeks ago. I app for an Amex card PRG and was denied for having a "recovery product"------the Optima Card. The rep told me my EX score is above 700 so if I close the Optima, I would more than likely be approved for the PRG card. I never bother to close it, as I am waiting for six months of steady on-time PIF before doing so. i co an Amex BCP for 10k and PIF.
Background: When I originally applied for the Amex BCP in 2008, I was approved with a CL of 25k. I had an EX score in the high 830s, but due to being laid off, my credit suffered. I also had a More card with a CL of 5K too, but that was PIF and closed by me (Paid as agreed". I think that helped me in getting another more card too. I didn't know abuot requesting CLIs too, but now I know, thanks to this website. I am on the road to redemption once again.
They probably used either the TU04 version or the TU08 version... both of these versions give you a higher score than what is pulled here, which is the TU98 version... Just like Microsoft Office gets upgrades every yr, so does the scoring algorithm. What you pull here is a Fico, but it is an older version... its still way more accurate than FAKOS
By the way, do you know how often you can request CLI on Discover? I got an auto CLI from 3500 > 4200 back in December...
I want the Discover CL to match my other cards, so i would like to have a 5k or more limit, especially since its my oldest account opened since 1999... I wish you would have left that discover card open.
@webhopper wrote:By the way, do you know how often you can request CLI on Discover? I got an auto CLI from 3500 > 4200 back in December...
I want the Discover CL to match my other cards, so i would like to have a 5k or more limit, especially since its my oldest account opened since 1999... I wish you would have left that discover card open.
I don't know when discover will give CLI, as I never requested one before. I also just got this new Discover More Card so we shall see. Before that I never even knew that one could request an increase in CL becasue all my cards, then, had a minimum of 5000k CL up to a maximum of 25k in limits. i know a lot more now and will never close CC accounts anymore and will just sock-drawer the ones I intend to barely use. Thanks to this Forum!! I am under the impression that my Expreian Fico Score is somewhere close to the TU score.
Like I said earlier when I app and got denied for the Amex PRG, the representative told me that my socre was over 700 and that was over 6 to 7 weeks ago.
Which other creditor solely pull Ex?
@webhopper wrote:They probably used either the TU04 version or the TU08 version... both of these versions give you a higher score than what is pulled here, which is the TU98 version... Just like Microsoft Office gets upgrades every yr, so does the scoring algorithm. What you pull here is a Fico, but it is an older version... its still way more accurate than FAKOS
This is not an absolute. There are posts where the TU98 is higher.
My TU 98 has been higher for a good while by about 35 points.
Thats not true. My TU98 is a 690 & my Walmart TU08 is a 658
TU scores for me:
TU98 727
TU04 741
TU08 678
TU08 doesn't like SOMETHING on my report!!!
@visorboy1974 wrote:TU scores for me:
TU98 727
TU04 741
TU08 678
TU08 doesn't like SOMETHING on my report!!!
Hey, where'd you get your TU04?