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Fico scores reporting differntly

xryanx 59 23 November 20, 2015 at 05:04 PM
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AMEX is reporting my FICO score as 795 while Barclycard is reporting 809 for the same period. What gives?

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#2
You have almost 50 different FICO scores. Most likely, each of those cards pull a slightly different version of your FICO. Those numbers are so close together that it's absolutely nothing to be concerned with.
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#3
my Discover card shows FICO score every month... it does up and down within 30 pts or so. No idea why. If it drops by 100 pts or more, i would be concerned abt that, but otherwise... meh.
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#4
There are 3 major credit agencies Experian, Equifax and TransUnion. Your two FICO scores were probably pulled from two different agencies. I think Barclay uses TransUnion and AMEX may use Experian, but not 100% sure.
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#5
Quote from Spongemac View Post :
my Discover card shows FICO score every month... it does up and down within 30 pts or so. No idea why. If it drops by 100 pts or more, i would be concerned abt that, but otherwise... meh.

I've been using our Discover cards (3 between DW and I) as a barometer of our FICO's - it comes on every statement so why not?

So I just applied for a refinance and they pulled the "usual" 3 scores, which were 20 - 30 pts lower than Discover's. Note that our Discover FICO's have been pretty steady for several months, no new credit lines, etc etc - so when they came up lower I was very surprised.
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#6
Quote from Brian1 View Post :
You have almost 50 different FICO scores. Most likely, each of those cards pull a slightly different version of your FICO. Those numbers are so close together that it's absolutely nothing to be concerned with.

Please explain.... my impression was that there are 3 FICO's, one each from the main agencies - and many FAKO's - meaning some sort of "psuedo" FICO (because the TRUE FICO is a proprietary calculation)
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#7
Quote from Dr. J View Post :
Please explain.... my impression was that there are 3 FICO's, one each from the main agencies - and many FAKO's - meaning some sort of "psuedo" FICO (because the TRUE FICO is a proprietary calculation)
There are three major credit bureaus, but 50+ FICO scores. [bankrate.com]
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#8
Also just to explain one reason why so many scores are used... They all cost different amounts to pull. Some of the Advantage or NextGen scores are much cheaper than some of the more widely used scores. Remember this is a "generalization score" and cannot be used for lending or qualifications. They are just giving you a broad idea of where your score lies -- NOT YOUR ACTUAL SCORE when you apply for a loan.

You should only be using them as a generalization for "Bad, Good, Excellent". That's basically the only take-away you can get from these free scores.
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