No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Hello all,
I had a question to see if anyone could explain to me why would Experian have 2 scores. Ok so here's what happened...
I called experian bc I received an alert that my credit scored dropped 3 points today (651 to 648) but did not give a reason. They looked and saw the only difference between my report now to a previous one was that I had paid down my discover from $88 to zero. He sugguested for me to speak to an advisor but ended up transferring me to disputes dept. I explained the situation and she said she would look anyways. She told me that she sees my report that says 648 but she told me when she first opened it, it had said 709? She could not provide me anymore details and couldn't see anything that would cause my score to drop. She told me to login tommorrow and may see my score at 709. I couldn't stay on the phone to talk to an advisor since I was at work. Now I'm baffled...
How did you receive the alert regarding the score change? Which Experian product do you subscribe to?
@Anonymous wrote:How did you receive the alert regarding the score change? Which Experian product do you subscribe to?
@Anonymous @Anonymous I use the direct experian site and pay the 29.99 monthly service for the reporting of all 3 bureaus. When I get an alert with them I get an email.
@Anonymous wrote:
@Anonymous wrote:How did you receive the alert regarding the score change? Which Experian product do you subscribe to?
@Anonymous @Anonymous I use the direct experian site and pay the 29.99 monthly service for the reporting of all 3 bureaus. When I get an alert with them I get an email.
If you're using the Experian site you should have noticed that it provides several scores. In addition to the Experian FICO 8 score, you also get daily updates to Experian FICO Score 2 (Mortgage Lending), Experian FICO Auto Score 2 and Auto Score 8(Auto Lending), and Bankcard Score 2, Score 3 and Score 8 (Credit Card Lending).
In your case I'd guess the 709 score the CSR was referring to is your Experian FICO Score 9 which they don't provide directly to consumers but can be obtained if you have credit cards from Navy Federal, PenFed, and some other sources.
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:How did you receive the alert regarding the score change? Which Experian product do you subscribe to?
@Anonymous @Anonymous I use the direct experian site and pay the 29.99 monthly service for the reporting of all 3 bureaus. When I get an alert with them I get an email.
If you're using the Experian site you should have noticed that it provides several scores. In addition to the Experian FICO 8 score, you also get daily updates to Experian FICO Score 2 (Mortgage Lending), Experian FICO Auto Score 2 and Auto Score 8(Auto Lending), and Bankcard Score 2, Score 3 and Score 8 (Credit Card Lending).
In your case I'd guess the 709 score the CSR was referring to is your Experian FICO Score 9 which they don't provide directly to consumers but can be obtained if you have credit cards from Navy Federal, PenFed, and some other sources.
That is what confuses me bc she advised me it was the fico 8 one. I have looked at my other scores that say for mortgage, credit card lending fico etc. Out of all the ficos, 8 is the lowest. Oh and by the way I got another alert today and it went back up the 3 points. And now my self lender is reporting now. I'm wondering if that is why it dropped the 3 pts to begin with...
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:How did you receive the alert regarding the score change? Which Experian product do you subscribe to?
@Anonymous @Anonymous I use the direct experian site and pay the 29.99 monthly service for the reporting of all 3 bureaus. When I get an alert with them I get an email.
If you're using the Experian site you should have noticed that it provides several scores. In addition to the Experian FICO 8 score, you also get daily updates to Experian FICO Score 2 (Mortgage Lending), Experian FICO Auto Score 2 and Auto Score 8(Auto Lending), and Bankcard Score 2, Score 3 and Score 8 (Credit Card Lending).
In your case I'd guess the 709 score the CSR was referring to is your Experian FICO Score 9 which they don't provide directly to consumers but can be obtained if you have credit cards from Navy Federal, PenFed, and some other sources.
Not to get off topic, but PenFed is Equifax FICO Score 9 if I'm not mistaken.
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:How did you receive the alert regarding the score change? Which Experian product do you subscribe to?
@Anonymous @Anonymous I use the direct experian site and pay the 29.99 monthly service for the reporting of all 3 bureaus. When I get an alert with them I get an email.
If you're using the Experian site you should have noticed that it provides several scores. In addition to the Experian FICO 8 score, you also get daily updates to Experian FICO Score 2 (Mortgage Lending), Experian FICO Auto Score 2 and Auto Score 8(Auto Lending), and Bankcard Score 2, Score 3 and Score 8 (Credit Card Lending).
In your case I'd guess the 709 score the CSR was referring to is your Experian FICO Score 9 which they don't provide directly to consumers but can be obtained if you have credit cards from Navy Federal, PenFed, and some other sources.
That is what confuses me bc she advised me it was the fico 8 one. I have looked at my other scores that say for mortgage, credit card lending fico etc. Out of all the ficos, 8 is the lowest. Oh and by the way I got another alert today and it went back up the 3 points. And now my self lender is reporting now. I'm wondering if that is why it dropped the 3 pts to begin with...
It might provide added insight if you list the full compliment of scores from Experian along with the title for each score.
Only 3 factors go into a FICO score... 1 - The bureau data used, 2 - The scoring model and 3 - The point in time at which the first 2 were used to produce a score.
#1 in your case is Experian; that's a constant. If you're seeing different scores, it's because different scoring models are being compared... or, if it's the same scoring model, the scores were generated at different times.