Scores were SOOO different

[lynn33]

I just bought all 3 scores this morning from myfico and they were EQ 719   TU 720   EX 722.  I went to my credit union and applied for their credit card and she said my credit score was 646!!!!!   I was sooooo embarrassed as she asked me ahead of time what if I had any idea what my score was.  I felt humiliated.  They pulled EX.  I showed her myfico scores from this morning and from EX website.   I just don't get it.  I'm so deflated.

[creditlady43]

Hi Lynn33,

I read your post and one of the reasons that your credit union may have different scores is because they may be using a different scoring model or their own internal scoring model.  No reason to be embarrassed.  Hang in there we all have gone down that road of recovery!  May I ask what credit union you are with and which credit card did you apply for?  Don't worry your scores are going to improve as long as you continue to pay all of your bills on time and do not use too much of available credit limits.  In fact, if you can stay under 10% you will be in excellent shape as time goes on.  Take care and continue to monitor all of your scores and know that soon as very soon you too can be on your way to the 700 and 800 club! 

[fltireguy]

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@lynn33 wrote:

I just bought all 3 scores this morning from myfico and they were EQ 719   TU 720   EX 722.  I went to my credit union and applied for their credit card and she said my credit score was 646!!!!!   I was sooooo embarrassed as she asked me ahead of time what if I had any idea what my score was.  I felt humiliated.  They pulled EX.  I showed her myfico scores from this morning and from EX website.   I just don't get it.  I'm so deflated.

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Lynn33-

  As the poster before me mentioned, more than likely the CU was using a different model. DId you look at your other Ex scores (all of the other versions that are listed along with your FICO8 scores)? Did you see one that almost matches up with the score that you were given?  Maybe they are using version 5.. or 2.. or 9.... It's possible. Please dont get discouraged

With your scores, I would say that maybe you should give PenFed a shot. Anyone can join, and they are simply awesome.. Great customer service, and good starting limits as well!  Give them a shot!!

[lynn33]

Thanks.  It was thru Wings Financial CU in MN.  Makes me question why I pay for scores here at myfico and directly from EX if they can be so off.   She told me my balances on my cards and they weren't accurate.  I had paid them off last month and was specifically waiting til they reported before going in to apply.  I told her they were paid off and she stated my scores couldn't possibly jump 20 points just for paying them down.  I paid down to be under 30% from over 50%. 

[CreditCuriosity]

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@lynn33 wrote:

Thanks.  It was thru Wings Financial CU in MN.  Makes me question why I pay for scores here at myfico and directly from EX if they can be so off.   She told me my balances on my cards and they weren't accurate.  I had paid them off last month and was specifically waiting til they reported before going in to apply.  I told her they were paid off and she stated my scores couldn't possibly jump 20 points just for paying them down.  I paid down to be under 30% from over 50%. 

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There are 100 of score model out there whether FICO models which have tons alone or other internal bank scoring models or vantage, etc.. Which one your CU uses is anyones guess..  Also scores certainly can jump move the 20 points alot more in some cases if utilizaiton is paid down.  She has no clue what she is talking about if she doesn't think utilization plays that big of factor in the credit game.  At least in the 08 model Payment history makes up 35% of your score, next followed by utilzation at 30% so utilization certainly can swing your scores wildly if you paid down a big chunk of balances.   Followed by other facors such as age of account 15%, etc.

[Anonymous]

HI Lynn!  You have some great folks on this thread who all want to help you, both in terms of advice and general cheerleading and emotional support.

One thing sounds clear and that is that you are paying money for a couple different credit monitoring systems (CMS's) and you are wondering if that is maybe a strecth for the current value you perceive yourself getting.

One thing we could do is suggest an alternate approach that would cost you almost nothing (a different CMS approach) combined with people here walking you through how to know when to apply and where.

Let us know if you'd like that.

[fltireguy]

Almost makes me wonder if they were using an old HP from before the cards got paid down and reported- sure looks that way, esp. if the account balances were incorrect, as the OP mentioned

[Anonymous]

Credit unions are notorious for using old versions of FICO models, specifically the 04 model and in some cases, the FICO 98 version is still be used.  Add that with those that use their own scoring models it would actually surprise me if the score that they gave matched a FICO 08 score that you typically see in your FICO scores unless you look at the older versions' scores.  There are 28 versions of FICO scores so unless youknow  exactly what model that the credit union is using it is hard to know if there is some discrepancy (more than likely there is not).  Here's a link that shows all the different FICO scoring versions:

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/The-many-flavors-of-FICO-Editions-version...

[Aduke1122]

It sounds to me that they are using an old report , have you had a Hp from them in the recent past and if so when was it ?

[lynn33]

I was wondering about that as well.  She kept insisting my scores were not accurate and said "Please tell me you didn't get these scores from Credit Karma or some other free site".  I told her I got them this morning from myfico and she said she wasn't familiar with it!  I asked her if they pull FICO 8 and she again wasn't familiar.  She kept saying "I don't know what to tell you".  I'm just so confused.  I asked where they pull theirs and she stated directly from the Experian website.  I then showed her my score directly from Experian and she still couldn't explain.  I just felt so humiliated.