How Accurate are these scores?

[Anonymous]

Are my three scores accurate?  I want to get a chase credit card and want to know what score i need.

[elim]

What scores?   The scores you get from myFico include Fico08. Chase usually pulls Experian Fico 08 (and TransUnion Fico 08 if you are borderline).

[SouthJamaica]

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@Anonymous wrote:

Are my three scores accurate?  I want to get a chase credit card and want to know what score i need.

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If you're referring to the 3 FICO 8 scores appearing on your dashboard if you get the Ultimate 3B service... yes they're accurate, although they're a day or two behind the actual credit bureau report.

[Anonymous]

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@Anonymous wrote:

Are my three scores accurate?  I want to get a chase credit card and want to know what score i need.

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You might mean: I want to know what score number I need to be approved.  As in, do I need a 640 score?  A 680?  Etc.

You might also mean:  I want to know which score model Chase is likely to use.  FICO 8?  FICO 8 Bankcard Enhanced?  Etc.

You may also mean: I want to know what bureau (TransUnion, Equifax, Experian) Chase is likely to pull my data from -- the data that gets put into the scoring model and then spits out a score number.

All are good questions.  Since Chase issues a lot of different cards, which have very different cutoffs (and even those cutoff aren't set in stone), here's my advice.  Figure out the answers to these questions:

What card do I want?  (The Freedom? The CSP?  Etc.)

What state do I live in?

The state question will help give you a better guess as to which bureau Chase will pull from.  Here is a link that provides tables that indicate by state which bureaus are most likely to be pulled from.

http://www.doctorofcredit.com/knowledge-base/which-credit-bureau-does-chase-pull/#Combined_Chart

You'll then need to try to guess what model they will use.  Elim feel that it is FICO 8 Classic, but I have no idea.  You could try posting over in the CC forum to see if people there know. 

You'll then need to find out what the scoring cutoff is that would give you a strong chance for approval -- for that specific card (Freedom, CSP, etc.)  People here may know, Google may know, etc.

If you can get all those questions answered... THEN it makes sense to ask about whether you have an "accurate" score.  The accurate score will be the one which, when pulled on the right bureau and using the right model gives you a score which will tell you whether you are likely to be approved (assuming you apply for the card very soon after the score is pulled).

myFICO will give you a lot of scores, and they are all accurate for what they are intended to do.  You need to know which one Chase will use (partly based on what state you live in) and what the cutoff is for your particular card.  It's crucial to remember too that even if you knew the cutoff and knew the bureau Chase would use and knew which model they'd use -- your score would only help you if it was really recent.  Something could change on your report and your score could go down or up a few days later.

[Anonymous]

Both my chase cards pulled both eq and ex, although both times they listed one score number and it was a CARS score. Credit acquisition risk score. I believe this is some kind of chase internal score.

[thom02099]

To answer your original question, ALL scores are accurate...for what they are.  Not all scores are useful for consumers.  Much depends on which score is used by which creditor when applying for credit.  Various flavours of FICO scores are used by the majority of lenders.  Don't just depend on one score or one CRA as the sole answer to your question.

Others have pointed out varying answers.  For real world responses from other consumers you can Google "credit pulls database" for the site of which we must not speak, to get real, other consumers responses to what was pulled for them in their particular state, and various notes as to what their status was at the time of the application.