Editor's Notes & Price Research
Unlike the Discover FICO score for their customers (from TransUnion) this deal is available for all, and is via Experian - daisybeetle
Link to website:
It appears that they are providing an actual FICO score and not FAKO like Credit Karma, Credit Sesame, etc.
I hope this help some folks out here.
NOTE: It appears that the FICO score is provided by Experian
While this does offer an Experian score, Credit Karma has more to offer. They update their scores weekly, have an amazing UI and app, also offer credit monitoring/credit alerts all for free. They use Transunion for their scores and it is very accurate.
Why is Discover asking for full SSN when most free websites only want last 4?
Quote :By clicking on the I AGREE button below, you consent to the CREDIT SCORECARD TERMS. To provide you with Credit Scorecard,you authorize Discoverto obtain information from your personal credit report or other information from one or more credit reporting agencies (including Experian) from time to time . We will use this information to verify your identity and provide you with a Credit Scorecard.
You also consent to our CREDIT SCORECARD PRIVACY STATEMENT. These terms explain how we use the information that we collect about you. We will not sell your information, but we may use it to contact you and share your information with our service providers to assist us in providing you with Credit Scorecard and offering other Discover products, even if you have previously opted out of receiving these offers.
1.Will viewing this Credit Scorecard affect my score?
No. The FICO® Score and other credit information we provide will never hurt your credit score.
2.What are FICO® Credit Scores?
It's a three-digit number that summarizes the positive and negative information on your Experian credit report. FICO® Scores are the most common credit scores used by lenders to quickly assess your credit risk, and it can influence everything from car loans to mortgages to credit cards.
3.Why do we provide your Credit Scorecard for free?
Nearly all lenders in the US, including Discover, use a FICO® Score among other information when they make their credit decisions, and they have for more than 20 years. We think that everyone should be informed about their credit so that they can avoid surprises. We want you to check your Credit Scorecard without worry which is why we offer it for free.
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How my FICO Scores are calculated?
"How my FICO Scores are calculated
FICO® Scores are calculated from many different pieces of credit data in your credit report. This data is grouped into five categories as outlined below. The percentages in the chart reflect how important each of the categories is in determining how your FICO Scores are calculated.
Your FICO Scores consider both positive and negative information in your credit report. Late payments will lower your FICO Scores, but establishing or re-establishing a good track record of making payments on time will raise your score.
How a FICO Score breaks down"
"Your FICO Scores only look at information in your credit report
Your credit score is calculated from your credit report. However, lenders look at many things when making a credit decision such as your income, how long you have worked at your present job and the kind of credit you are requesting.
• Payment history (35%)
The first thing any lender wants to know is whether you've paid past credit accounts on time. This is one of the most important factors in a FICO® Score.
• Amounts owed (30%)
Having credit accounts and owing money on them does not necessarily mean you are a high-risk borrower with a low FICO® Score.
• Length of credit history (15%)
In general, a longer credit history will increase your FICO® Scores. However, even people who haven't been using credit long may have high FICO Scores, depending on how the rest of the credit report looks.
Your FICO Scores take into account:
* how long your credit accounts have been established, including the age of your oldest account, the age of your newest account and an average age of all your accounts
* how long specific credit accounts have been established
* how long it has been since you used certain accounts
• Credit mix in use (10%)
FICO Scores will consider your mix of credit cards, retail accounts, installment loans, finance company accounts and mortgage loans
• New credit (10%)
Research shows that opening several credit accounts in a short period of time represents a greater risk - especially for people who don't have a long credit history."
The 5 Biggest Factors That Affect Your Credit
How Bad Is My Credit Score?