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Message
re: What is your FICO credit score?
Posted on 9/17/22 at 9:40 am to Palmetto98
Posted on 9/17/22 at 9:40 am to Palmetto98
quote:
As a previous mortgage and auto lender, I’ve never pulled a customer’s credit score before………SUREE. You people with 1 discover credit card that only use it responsibly for gas or something have zero fvcking clues on what you are talking about. Go sit down with op on the loser bench. Y’all were so annoying to deal with crying about their rates because discover said XYZ.
That's great, but Discover does actually use the Fico 8 Transunion Credit Score and the Fico 8 is still the most commonly used score used by lenders. So it is indeed a legit score that they give users from one of the 3 main credit bureaus.
1
Posted on 9/17/22 at 9:45 am to HarrisonTown
quote:
It does indeed, but I still maintain an unpaid debt (30 day, whatever) is by far the biggest knock on a credit score.
No doubt.
Posted on 9/17/22 at 9:46 am to AUFANATL
quote:
Debt free, cash flush and I don't need to borrow money for anything so I don't care what my score is.
Always have a few finance illiterate folks that brag about not needing credit and how they pay cash with everything.
“I don’t need no darn credit score.”
You should be leveraging credit when you’re flush with cash. And im sorry, but you’re full of horse shite.
Posted on 9/17/22 at 9:56 am to potent357
Mine was 835 until...
I get a notice from Chase Bank about a delinquency on a business credit card for a company I used to be the President of. Hadn't worked there in 18 months at the time I received the first notice. I call Chase and tell them and they say I am personally responsible for the card. I dispute it and ask for the original contract saying I take personal responsibility and they can't produce it. There is no way I would have signed anything saying I was personally responsible for a corporate card.
I dispute it with the credit agencies and Chase says "he is responsible." No documentation or anything else. Just "verified the debt with the creditor." They put it on my personal report as a write off and my score drops to 635 despite an otherwise perfect credit report.
How long does something like that stay on a credit report? Anything I can do about it?
I get a notice from Chase Bank about a delinquency on a business credit card for a company I used to be the President of. Hadn't worked there in 18 months at the time I received the first notice. I call Chase and tell them and they say I am personally responsible for the card. I dispute it and ask for the original contract saying I take personal responsibility and they can't produce it. There is no way I would have signed anything saying I was personally responsible for a corporate card.
I dispute it with the credit agencies and Chase says "he is responsible." No documentation or anything else. Just "verified the debt with the creditor." They put it on my personal report as a write off and my score drops to 635 despite an otherwise perfect credit report.
How long does something like that stay on a credit report? Anything I can do about it?
Posted on 9/17/22 at 9:58 am to potent357
Credit is something banks will extend to you when you can prove that you don't need it.
Posted on 9/17/22 at 10:54 am to potent357
640
Posted on 9/17/22 at 11:39 am to potent357
850
Annual income is about 650k
Annual income is about 650k
Posted on 9/17/22 at 11:39 am to HarrisonTown
Im stealing that quote.
Posted on 9/17/22 at 11:41 am to jbgleason
Up to 3 years to get your credit back to normal and 7 years to get it off.
Posted on 9/17/22 at 11:53 am to HarrisonTown
Yep one 20 dollar 30 day payment. It's lucky I don't live in Louisiana anymore because I had nothing but violence on my mind. I have never been more mad in my entire life, do everything right but one frick up and boom there goes your hard work for at least a year.
Posted on 9/17/22 at 11:54 am to Jcorye1
822 currently. High over the last year was 826.
Posted on 9/17/22 at 12:03 pm to Big EZ Tiger
quote:
That's great, but Discover does actually use the Fico 8 Transunion Credit Score and the Fico 8 is still the most commonly used score used by lenders. So it is indeed a legit score that they give users from one of the 3 main credit bureaus.
I don’t give af what fluffy Bs they tell y’all. I have working experience in pulling consumer credit scores and lending out money to them. I heard this bs all of time so if you need to some fake score to keep your penis hard in the morning then choose to be delusional. You want to finance a car or house, they aren’t going to fvcking call discover and ask what your inflated credit score is. You really think Discover knows every minute detail on how you are paying your chase mortgage, credit card, or car loan right now? Does chase actively report its customers credit history to discover?
This post was edited on 9/17/22 at 12:06 pm
Posted on 9/17/22 at 12:13 pm to potent357
847
Posted on 9/17/22 at 12:18 pm to Palmetto98
quote:
don’t give af what fluffy Bs they tell y’all. I have working experience in pulling consumer credit scores and lending out money to them. I heard this bs all of time so if you need to some fake score to keep your penis hard in the morning then choose to be delusional. You want to finance a car or house, they aren’t going to fvcking call discover and ask what your inflated credit score is. You really think Discover knows every minute detail on how you are paying your chase mortgage, credit card, or car loan right now? Does chase actively report its customers credit history to discover?
The hell are you talking about?
Discover is simply providing access to your FICO 8 score via trans union. No one is reporting history to discover and discover isn’t creating a score on their own. FICO 8 is different than FICO 5,4, and 2 which is used primarily for mortgages. Scores are calculated differently with Vantage 3.0 as well. I call bullshite on you “pulling scores and Lending money” considering the dumb shite you posted above.
Posted on 9/17/22 at 12:27 pm to DCtiger1
quote:
The hell are you talking about? Discover is simply providing access to your FICO 8 score via trans union. No one is reporting history to discover and discover isn’t creating a score on their own. FICO 8 is different than FICO 5,4, and 2 which is used primarily for mortgages. Scores are calculated differently with Vantage 3.0 as well. I call bull shite on you “pulling scores and Lending money” considering the dumb shite you posted above.
Thank you for proving my point. The Fico 8 score is essentially useless outside applying for credit cards.
I just got a new truck and my score was a 620 pulled by the experian and equifax. Discover right now says I have a 650 which is a 30 point difference.
Posted on 9/17/22 at 12:35 pm to Palmetto98
quote:
Thank you for proving my point. The Fico 8 score is essentially useless outside applying for credit cards. I just got a new truck and my score was a 620 pulled by the experian and equifax. Discover right now says I have a 650 which is a 30 point difference.
Fico Auto score (2 or 8) and Fico 8 are different models, but they all use the same information, and the same stuff will make them go up or down. The difference is how heavily weighted each factor is.
For instance, installment lenders care more about utilization than credit card lenders (who make all their money from high utilization), so that gets reflected in the models.
Posted on 9/17/22 at 12:41 pm to BRIllini07
And Fico 8 still isn’t “essentially useless”, even if more specific models are used for different types of loans.
You’re not going to have an 813 Fico 8 with a 554 Fico 2. A 30 point gap in the grand scheme of things isn’t that much different.
Me currently: 767 Fico 8 (Experian), 787 Fico Auto Score, 765 Fico 2 (Mortgage).
Reasons for score: Had a 30 day missed payment on a credit card in early 2021, never missed an installment payment, and since I refinanced my house last year (interest savings) my mortgage only shows up as 2% paid off.
Experian.com has a good website to check all of your scores (including different models).
You’re not going to have an 813 Fico 8 with a 554 Fico 2. A 30 point gap in the grand scheme of things isn’t that much different.
Me currently: 767 Fico 8 (Experian), 787 Fico Auto Score, 765 Fico 2 (Mortgage).
Reasons for score: Had a 30 day missed payment on a credit card in early 2021, never missed an installment payment, and since I refinanced my house last year (interest savings) my mortgage only shows up as 2% paid off.
Experian.com has a good website to check all of your scores (including different models).
Posted on 9/17/22 at 12:59 pm to BRIllini07
30 points is a big difference my dude. That’s a 720 Fico(good credit) vs a 690(middle credit) or 650(average credit) vs 620(borderline below average) or a 620 vs a 590(bad credit). All I’m saying is don’t think your discover score is gods gift and what a lender will mark you.
Posted on 9/17/22 at 1:13 pm to Palmetto98
quote:
All I’m saying
No you’re not, you literally acted as if Discover was calculating its own credit score independent of the bureaus.
Monitoring your credit via FICO 8 is better than what most do, and ANY FICO score north of 800 is a good indicator of credit worthiness.
quote:
just got a new truck and my score was a 620 pulled by the experian and equifax. Discover right now says I have a 650 which is a 30 point difference.
Maybe you should spend more time focusing on your shite credit my dude, a 620 is fricking piss poor.
This post was edited on 9/17/22 at 1:14 pm
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