Discover IT Fico Score

[CreditPlay]

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@EW800 wrote:

I assume this is something that we will never find out, however I wonder what Discover, Barclay and others pay to report the true FICO scores?  I am guessing it is not much, but must come at a cost.  

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They must be registered to fico open access program .  Check this out http://www.fico.com/en/products/fico-score-open-access/

[keithB]

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@Jayx wrote:

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@EW800 wrote:

I assume this is something that we will never find out, however I wonder what Discover, Barclay and others pay to report the true FICO scores?  I am guessing it is not much, but must come at a cost.  

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They must be registered to fico open access program .  Check this out http://www.fico.com/en/products/fico-score-open-access/

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I could be wrong but I'm guessing a licensing fee is applying here.   That being said, I would love to have Capital One and all others to use FICO over FAKO anyday.

[EW800]

Per the link that Jayx supplied, I found this blurb.  It appears that this license allows them to "share" scores that they previously purchased.  

"FICO® Score Open Access empowers you to share previously purchased FICO® Scores with your customers – with no additional score fees charged by FICO."

[EW800]

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@keithB wrote:

Actually, I would disagree to an extent.  There must be some cost to the FICO score model because Discover has closed off to some new users...  I'm guessing the licensing of FICO model cost more than the TransUnion FAKO model. We all know Capital One is "conservative" with CLs/CLIs.... They are probably "conservative" with customer perks as well.

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 I was not aware that Discover has closed this off to some new accounts.  I hope they do not cut it our all-together.