Score on statement discrepancy

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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Obi-dan
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Location: Houston, TX

Score on statement discrepancy

Postby Obi-dan » Tue Dec 10, 2013 11:32 am

So as many of us were, I was excited to hear that Discover would be giving a true FICO score on our statements. My understanding is this is via the Transunion credit report.

I had happened to get my Transunion FICO score via myfico.com on 11/13/2013 and it scored at 753.

According to the Discover statement they pulled my score on 11/10/2013, just three days earlier, and they are reporting a score of 790.

I mean, it's not that big of a deal and I know that FICO has different scoring models but that seems like a big difference given a very close time frame.
Cards:
Chase Sapphire Preferred
Marriott Rewards
Citi Hilton
Barclay Arrival
AMEX BCE (member since 95)
Chase Freedom
Discover It
Wells Fargo Platinum
Barclaycard (Apple)
Local Credit Union Visa (buy local!)


FICO Scores:
TU: 824 (Aug 2014)
Experian: 789 (Aug 2014)
Equifax: 807 (Aug 2014)


thom02099
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Location: Colorado, USA

Postby thom02099 » Wed Dec 11, 2013 10:48 am

As you said, it's different scoring models for Transunion, and some may consider the difference significant, due to the diversity of the MODELS.

MyFICO provides the TU98 model, one that is rarely used any more. The Discover score is the TU08 model, the most recent. That's also the model that others that provide complimentary TU scores use, such as WalMart. In between is the TU04 model, which is what a goodly number of lenders use.

Personally, I'll take the TU08 model over the TU98 model any day. It's far more relevant, the algorithms are different and more current...and more lenient. And since it is a newer model, the probability is that more lenders will look to that model versus the TU98 model for the future.
Retired, and in the process of retiring cards!
EQ = 846 EX=828 TU = 836 as of 02/2016

Obi-dan
Centurion Member
Centurion Member
 
Posts: 190
Joined: Fri Aug 02, 2013 2:35 pm
Location: Houston, TX

Postby Obi-dan » Wed Dec 11, 2013 11:55 am

Thom. That was very insightful. Thanks for sharing.
Cards:
Chase Sapphire Preferred
Marriott Rewards
Citi Hilton
Barclay Arrival
AMEX BCE (member since 95)
Chase Freedom
Discover It
Wells Fargo Platinum
Barclaycard (Apple)
Local Credit Union Visa (buy local!)


FICO Scores:
TU: 824 (Aug 2014)
Experian: 789 (Aug 2014)
Equifax: 807 (Aug 2014)



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