@Anonymous wrote:
Is the score you get from Cap One Fico or Fako? Thx!
In many cases you can find info on the model. For the Capital One Credit Tracker, see:
https://www.capitalone.com/credit-cards/benefits/credit-tracker/
Where does this score come from?
Your Credit Tracker score is calculated based on the TransUnion New Account Model.
The TransUnion New Account model is not used by any creditor.
@Anonymous wrote:
Yea, I don't think it's actual FICO. Right now they show me at 684 and MyFICO shows me at 733 (both Transunion). Historically the CapOne tracker shows me 30-50 points less than actual FICO scores.
I have a Barclay Rewards card, and they have a tracker as well. They call theirs my FICO score, and they show 731. Much more accurate.
Both myFICO and Barclay provide TU FICO 8's (though myFICO does provide additional models as well). Barclay isn't much more accurate. It's the same model. Keep in mind that it's not just the model and the CRA that matter but the report data. If the scoring model and CRA are the same but scoes were generated on different dates with different report data then the number can differ.
Always keep the specfiic scoring model and CRA in mind when referencing scores. Don't rely on just "actual", "real", "reliable", "fake", "accurate" etc. Accuracy is not about how well a mode mimic another. You should expect different models to produce different results and cannot use a score generated by one model to determine a score generated by another model. Any score is accurate but only for its own model. Even FICO has a number of different models used by creditors that evaulate report data differently and can even have different scoring ranges.
@Anonymous wrote:
Long story short; Cap One is messed up.
It is not messed up. It is a TransUnion New Account score. Make sure you understand your tools and how to use them. If you want to know your TU FICO 8 then pull your TU FICO 8. Your TU New Account score has nothing to do with it an cannot be used to determine your TU FICO 8 or any other score based on any other model or CRA.
@Anonymous wrote:
Thanks for the responses. I figured as much. I just had my last collection removed from TU so trying to see if I got a bump. It just so happened that my update from Cap One was due to update today and it went up 11 points from last month. No word from My fico yet.
Make sure you understand that myFICO is a trigger based service and that not all activity with a scoring impact is a trigger.
http://myfico.custhelp.com/app/answers/detail/a_id/463/~/understanding-what-triggers-fico%C2%AE-3-bureau-credit-monitoring-and-fico%C2%AE-identity
