@Anonymous wrote:
That makes a lot of since. I know that the score given by CK isnt correct. I use it just to keep in mind where I may be FICO wise (if that makes sense). From what I've seen CK score is usally 10-20 pts from whatever my score usually is (ex: CK will say my score is 604, if I apply for a card, the denial letter might say my score is 612).
Since Discover hasnt updated with the new FICO yet I just figured that since VS went down so did my actually FICO (at least for the same CRA).
It's not that your scores from CK aren't "correct" it's that they are generated using the VS 3.0 model and the scores you are comparing them to don't use that model. Scores from CK are correct... they are "correct" VS 3.0 scores.
It's not really a good idea to compare VS 3.0 scores to FICO scores. While you may say that one is 10-20 points more or less than the other, generally speaking, there are events that can happen that will impact one score but not the other... or raise one score while lowering the other. There's just no strong correlation between the two, so comparing them likely isn't a good practice.
Keep in mind the denial letters you get with scores provided may be using different FICO versions. Some may use 08. Some bank card. Some like Chase use their own internal scoring model. My point again is that you can't simply expect your FICO scores to be X points different than a VS 3.0 (CK) score, because FICO scores or non-CK scores anyway come in all different flavors.
