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Just logged in and clicked on view your FICO score link in my WF Propel account. It showed a much lower score but says it's "FICO Bank Card 2 score from Experian".
Does anyone know which other banks offer Bank Card score?
@Anonymous wrote:Just logged in and clicked on view your FICO score link in my WF Propel account. It showed a much lower score but says it's "FICO Bank Card 2 score from Experian".
Does anyone know which other banks offer Bank Card score?
This is what I've said all along. CBs have different sets of FICO for different purposes. The consumer FICOs are much higher than the FICOs provided to banks for actual lending. You can be very happy to see that your TU FICO is 800, but the bank sees your FICO at 700 and won't lend to you (car loan etc).
This low FICO is what the banks use.....
@BronzeTrader wrote:
@Anonymous wrote:Just logged in and clicked on view your FICO score link in my WF Propel account. It showed a much lower score but says it's "FICO Bank Card 2 score from Experian".
Does anyone know which other banks offer Bank Card score?
This is what I've said all along. CBs have different sets of FICO for different purposes. The consumer FICOs are much higher than the FICOs provided to banks for actual lending. You can be very happy to see that your TU FICO is 800, but the bank sees your FICO at 700 and won't lend to you (car loan etc).
This low FICO is what the banks use.....
It's a conspiracy, I tell you! They're holding out on us!
Hmm...now where did I leave my pitchfork?
For what it's worth, my FICO 9 Bank Card (as per myFICO) is 65 points higher than Bank Card Score 2 !!
Should have most of the common banks that provide scores. US Bank also uses a bank card enhanced score (TU-04 BE), but they don't offer free FICO scores.
Right now, my lowest FICO is Wells Fargo Experian FICO. And my highest is the City Equifax FICO. They range 130 points! Just rediculous.
Since I've cleaned up my 14 CCs with statement balances (PIF) down to 5 CCs, I should see improvements each month.
@Themanwhocan wrote:
@Themanwhocan - EX98? or EX08? is there a typo?
Anyway, many thanks for the info....my head is spinning with so many score formats ! No wonder the "get your free credit score" market is hugely popular
@BronzeTrader wrote:
@Anonymous wrote:Just logged in and clicked on view your FICO score link in my WF Propel account. It showed a much lower score but says it's "FICO Bank Card 2 score from Experian".
Does anyone know which other banks offer Bank Card score?
This is what I've said all along. CBs have different sets of FICO for different purposes. The consumer FICOs are much higher than the FICOs provided to banks for actual lending. You can be very happy to see that your TU FICO is 800, but the bank sees your FICO at 700 and won't lend to you (car loan etc).
This low FICO is what the banks use.....
The scores banks offer maybe a different version the banks actually use for lending. All score are available for purchase through MyFICO
The guidelines are different too for different FICO scores....