always wrong score

[Anonymous]

@Slabenstein 

I believe I remember I see FICO 8 on the letter, and many of you mentioned it is a different model, I feel if it is different model, why it has FICO 8 on it?

I hear your words, different date, different model, different bureau, different score.

[Slabenstein]

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@Anonymous wrote:

@Slabenstein 

I believe I remember I see FICO 8 on the letter, and many of you mentioned it is a different model, I feel if it is different model, why it has FICO 8 on it?

I hear your words, different date, different model, different bureau, different score.

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Ah.  If the score disclosure says specifically it is FICO classic 8 (as opposed to FICO bankcard 8), then you are comparing the same version and the score differences you're seeing are due to profile changes between pulls.  I would double check those letters, tho, since I know that the score Cap1 discloses w/ cc apps is EQ5 and that Chase uses CARS for cc lending.

[Anonymous]

@Slabenstein 

For bank of america letter, it says FICO 8, not FICO classic 8, not FICO bankcard 8, just FICO 8.

It is could be my memory is having issues, for sure I will share next time when I have solid evidence.  I understand the idea of different date, different score, different model, different score.

[Slabenstein]

If it just says FICO8, it probably means classic 8.  You can double check the score range to be sure.  Classic 8 is 300-850, BC8 is 250-900.

[Anonymous]

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@Anonymous wrote:

The only thing I will argue is I do not feel my score fluctuate 30 points between different days, because my score has been stable.  If it is 5 points or no more than 10 points, I could understand.  But, not 30 points or something.  That much of a difference, normally new account, closed account, late payments, or other major events.

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It sounds like OP for the most part is comparing scores using the same scoring model and data from the same bureau, which only leaves the element of time as the variable.  Different pulls at different times can use different data and yield different scores. 

If you're seeing a 20-30 point variance, it's because your profile data is supporting that 20-30 point variance.  One or more things are changing during that span of time that are resulting in those score changes.  Scores can't be "wrong" or otherwise altered with some sort of funny business.  The majority of the time scores fluctuate from [reported] balance changes, since those are going on rather frequently depending on profile relative to other factors such as aging, accounts dropping off, etc.

[Anonymous]

@Anonymous 

Many people say I was comparing different scores, different models, different bureaus, but you understand correctly.

I agree what you said, except for one thing, without major event, scores do not fluctuate that much.  Scores will be different from week to week, but 30 points increase or decrease on a regular basis especially I always maintain my balance low, super low.  But I understand what you said.  Scores definitely can be wrong because same account shows differently on different reports, it will result in an inaccuracy on the scores regardless which model.  I have an example to show for my next post.  It is just my opinion, nothing factual.

[Anonymous]

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@Anonymous wrote:

Scores definitely can be wrong because same account shows differently on different reports, it will result in an inaccuracy on the scores regardless which model. 

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That wouldn't mean that the score is wrong, it would be the data that's wrong.  Scores are drawn on data... if the score changes, the data changed.  If you're talking about account data being different of course that can result in different scores.  But you must understand that those scores are correct/accurate based on the input data (which may or may not be correct) that they're drawn on.

[Anonymous]

@Anonymous 

I can agree on that.

It is the data is wrong, so consequently, the score is wrong.  The way you said it is more correct.  

But at the same time, banks send same data to all bureaus, how is it possible a data is wrong?  I feel confident that banks send same information to all bureaus, not send different information to different bureaus. 

[Anonymous]

You would think that's the case.  Assuming it is the same data being send to all 3B, any deviations you would then assume are on the end of the CRA that receives it.  Chalk it up to glitches or what have you, but sometimes they don't present the data accurately.  That's where it becomes important as consumers that we're constantly checking our reports to verify that the information displayed is accurate.  And, if it's not, getting it fixed.

[Anonymous]

@Anonymous 

Based on what you said, the consumer has the responsibility to check if everything is correct on their credit report?  It sounds like I just get a new weekly part time job.  I thought credit bureau has to verify if everything is correct.  That sounds like I have to identify and dispute any mistakes that credit bureaus have made on my credit reports.  It sounds like other people can continue to hurt me, but I am responsible for my own medical bills without any compensation.