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USBank Free EX "**Credit Score**" Cough. Cough.

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MidnightVoice
Super Contributor

USBank Free EX "**Credit Score**" Cough. Cough.

Went to my USBank CC page online and saw a "free credit score".  Clicked on through and got a free Experien Score.  It said:

 

"Calculated on the PLUS Score model, your Experian Credit Score indicates your relative credit risk level for educational purposes and is not the score used by lenders"

 

The PLUS Score, with scores ranging from 330 to 830, is a user-friendly credit score model developed by Experian to help you see and understand how lenders view your credit worthiness. It is not used by lenders, but it is indicative of your overall credit risk. Higher scores represent a greater likelihood that you´ll pay back your debts so you are viewed as being a lower credit risk to lenders. A lower score indicates to lenders that you may be a higher credit risk.

There are three different major credit reporting agencies, Experian, TransUnion, and Equifax that maintain a record of your credit history known as your credit file. Your Credit Score is based on the information in your credit file at the time it is requested. Your credit file information can vary from agency to agency because some lenders report your credit history to only one or two of the agencies. So your credit score can vary if the information they have on file for you is different. And since the information in your file can change over time, your Credit Score may be different from day-to-day.

Lenders and insurers use several different credit scoring models so don't be surprised if your lender gives you a score that´s different from the PLUS Score you receive online. Just remember that your associated risk level is generally the same even if the number is not. If the lender´s score is lower than your online score, it is possible that this difference can lead to higher interest rates and sometimes credit denial.

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 1 of 11
10 REPLIES 10
MagicShot
Contributor

Re: USBank Free EX "**Credit Score**" Cough. Cough.


@MidnightVoice wrote:

Went to my USBank CC page online and saw a "free credit score".  Clicked on through and got a free Experien Score.  It said:

 

"Calculated on the PLUS Score model, your Experian Credit Score indicates your relative credit risk level for educational purposes and is not the score used by lenders"

 

The PLUS Score, with scores ranging from 330 to 830, is a user-friendly credit score model developed by Experian to help you see and understand how lenders view your credit worthiness. It is not used by lenders, but it is indicative of your overall credit risk. Higher scores represent a greater likelihood that you´ll pay back your debts so you are viewed as being a lower credit risk to lenders. A lower score indicates to lenders that you may be a higher credit risk.

There are three different major credit reporting agencies, Experian, TransUnion, and Equifax that maintain a record of your credit history known as your credit file. Your Credit Score is based on the information in your credit file at the time it is requested. Your credit file information can vary from agency to agency because some lenders report your credit history to only one or two of the agencies. So your credit score can vary if the information they have on file for you is different. And since the information in your file can change over time, your Credit Score may be different from day-to-day.

Lenders and insurers use several different credit scoring models so don't be surprised if your lender gives you a score that´s different from the PLUS Score you receive online. Just remember that your associated risk level is generally the same even if the number is not. If the lender´s score is lower than your online score, it is possible that this difference can lead to higher interest rates and sometimes credit denial.


Thanks, There are a few threads about this already. Smiley Happy

Message 2 of 11
CS800
Super Contributor

Re: USBank Free EX "**Credit Score**" Cough. Cough.

All FAKO's site should put a disclaimer like:

 

'This score is as useful as telling you that if you jump in the water with great white sharks and you are bleeding,profusely, you might not get ripped to pieces'

 

This is how useful a FAKO is Smiley Happy




Message 3 of 11
MagicShot
Contributor

Re: USBank Free EX "**Credit Score**" Cough. Cough.


@CS800 wrote:

All FAKO's site should put a disclaimer like:

 

'This score is as useful as telling you that if you jump in the water with great white sharks and you are bleeding,profusely, you might not get ripped to pieces'

 

This is how useful a FAKO is Smiley Happy


LMAO Smiley Very Happy nice

Message 4 of 11
Uborrow-Upay
Valued Contributor

Re: USBank Free EX "**Credit Score**" Cough. Cough.

 


@MidnightVoice wrote:

Went to my USBank CC page online and saw a "free credit score".  Clicked on through and got a free Experien Score.  It said:

 

"Calculated on the PLUS Score model, your Experian Credit Score indicates your relative credit risk level for educational purposes and is not the score used by lenders"

 

The PLUS Score, with scores ranging from 330 to 830, is a user-friendly credit score model developed by Experian to help you see and understand how lenders view your credit worthiness. It is not used by lenders, but it is indicative of your overall credit risk. Higher scores represent a greater likelihood that you´ll pay back your debts so you are viewed as being a lower credit risk to lenders. A lower score indicates to lenders that you may be a higher credit risk.

There are three different major credit reporting agencies, Experian, TransUnion, and Equifax that maintain a record of your credit history known as your credit file. Your Credit Score is based on the information in your credit file at the time it is requested. Your credit file information can vary from agency to agency because some lenders report your credit history to only one or two of the agencies. So your credit score can vary if the information they have on file for you is different. And since the information in your file can change over time, your Credit Score may be different from day-to-day.

Lenders and insurers use several different credit scoring models so don't be surprised if your lender gives you a score that´s different from the PLUS Score you receive online. Just remember that your associated risk level is generally the same even if the number is not. If the lender´s score is lower than your online score, it is possible that this difference can lead to higher interest rates and sometimes credit denial.


 

Wait just a minute...are they saying that your online score has to beat the lender's score?   Do they actually post US Bank's own credit score?

 

 

 

(Just being obnoxious here.  I hate poorly worded disclaimers.) 

 

 

 

 

Message 5 of 11
score_building
Senior Contributor

Re: USBank Free EX "**Credit Score**" Cough. Cough.


@Uborrow-Upay wrote:

 


@MidnightVoice wrote:

Went to my USBank CC page online and saw a "free credit score".  Clicked on through and got a free Experien Score.  It said:

 

"Calculated on the PLUS Score model, your Experian Credit Score indicates your relative credit risk level for educational purposes and is not the score used by lenders"

 

The PLUS Score, with scores ranging from 330 to 830, is a user-friendly credit score model developed by Experian to help you see and understand how lenders view your credit worthiness. It is not used by lenders, but it is indicative of your overall credit risk. Higher scores represent a greater likelihood that you´ll pay back your debts so you are viewed as being a lower credit risk to lenders. A lower score indicates to lenders that you may be a higher credit risk.

There are three different major credit reporting agencies, Experian, TransUnion, and Equifax that maintain a record of your credit history known as your credit file. Your Credit Score is based on the information in your credit file at the time it is requested. Your credit file information can vary from agency to agency because some lenders report your credit history to only one or two of the agencies. So your credit score can vary if the information they have on file for you is different. And since the information in your file can change over time, your Credit Score may be different from day-to-day.

Lenders and insurers use several different credit scoring models so don't be surprised if your lender gives you a score that´s different from the PLUS Score you receive online. Just remember that your associated risk level is generally the same even if the number is not. If the lender´s score is lower than your online score, it is possible that this difference can lead to higher interest rates and sometimes credit denial.


 

Wait just a minute...are they saying that your online score has to beat the lender's score?   Do they actually post US Bank's own credit score?

 

 

 

(Just being obnoxious here.  I hate poorly worded disclaimers.) 

  


LMAO- that is pretty darn awful, air ball!

DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover
Message 6 of 11
android01
Valued Contributor

Re: USBank Free EX "**Credit Score**" Cough. Cough.

The funny thing is that US Bank almost exclusively pulls EQ! Smiley Very Happy

EQ Fico 8 - 850
TU Fico 8 - 850
EX Fico 8 - 850
Message 7 of 11
Imhotrodcrazy
Valued Contributor

Re: USBank Free EX "**Credit Score**" Cough. Cough.


@android01 wrote:

The funny thing is that US Bank almost exclusively pulls EQ! Smiley Very Happy



US Bank has always pulled EX for me.  However, location may play a part in it.  I am located in So. Cal. 

FICO 08
TU 842 12/8/18
EX 840 12/29/18
EQ 842 12/8/18
(NASA 30K) ( Amex 44k ) ( Freedom 10.6K ) ( US Bank Cash+ 20k, LOC 15k ) Winners never quit, and quitters never win
last app 2/15
Message 8 of 11
MidnightVoice
Super Contributor

Re: USBank Free EX "**Credit Score**" Cough. Cough.

EQ for me in the MidWest

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 9 of 11
JMN
Frequent Contributor

Re: USBank Free EX "**Credit Score**" Cough. Cough.

EQ for Northern California.

Despite my employment in the banking industry, any and all views contained in this post are purely my own, and do not represent any financial institution, nor constitute as financial or investment guidance or advise.
Message 10 of 11
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