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Question By
karsmo

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Cap. One credit card tells me my Transunion score is 685. Here, it's 725 - 728. Why the difference?

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Different scoring models (calculators)

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Because Capital One is using the TransUnion New Account Scoring Model and CK is using the TransUnion VantageScore 3.0 Model.  They are both TransUnion credit scoring calculators, but each place slightly different values on the items listed in your credit reports.  There are literally THOUSANDS of credit scoring models (calculators) out there that give different values to the exact same information; i.e. one might not count closed accounts, and another might only count closed accounts with a balance still on it, while another might say all closed account should be counted in the score.  So it's up to the company that uses the scoring model to pick which scoring model they want to use based on the weight of the information listed in the reports.

I hope this helps, and if it does, please thumbs up.

I apologize if this shows up twice, moderators at CK are touchy if you say their name in your post they make you wait until someone comes into the office so they can review what was said before posting.

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FICO brand is just like COKE brand

Helpful to 1 out of 1 people

FICO brand scores are used by lenders quite often.  However, FICO is simply a brand name, like Coke-a-Cola or Pepsi.  Coke and Pepsi also use variations like Diet, caffeine free, and the dreaded New Coke and New Pepsi that no one seemed to like at all.  FICO also uses many different variations of their own brand as well. 

As I stated above there are literally THOUSANDS of different calculators out there.  So like Coke or Pepsi, your taste may differ from person to person, or your purpose for using a FICO calculator may differ from company to company depending on the needs of the company. 

So when you ask, "which score is closer in value to the fico?" The answer isn't quite so simple…

FICO Versions used in auto lending applications

Experian

FICO Auto Score 8
FICO Auto Score 2

Equifax

FICO Auto Score 8

FICO Auto Score 5

TransUnion

FICO Auto Score 8

FICO Auto Score 4

Versions used in credit card applications

Experian

FICO Bankcard Score 8

FICO Score 3

FICO Bankcard Score 2

Equifax

FICO Bankcard Score 8

FICO Bankcard Score 5

TransUnion

FICO Bankcard Score 8

FICO Bankcard Score 4

Versions used in mortgage lending applications

Experian

FICO Score 2

Equifax

FICO Score 5

TransUnion

FICO Score 4

What you REALLY need to ask is which calculator is the creditor you are applying to actually uses.  Some companies may not even use FICO brand and decide to go with VantageScore instead.  Just like different restaurants sell different pop brands like Coke-a-Cola with variations of Diet, caffeine free, or New Coke, others may instead use Pepsi Band with the same variations but COMPLETELY different taste.

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Different scoring models

Helpful to 2 out of 3 people

Because Capital One is using the TransUnion New Account Scoring Model and CreditKarma is using the TransUnion VantageScore 3.0 Model.  They are both TransUnion credit scoring calculators, but each place slightly different values on the items listed in your credit reports.  There are literally THOUSANDS of credit scoring models (calculators) out there that give different values to the exact same information; i.e. one might not count closed accounts, and another might only count closed accounts with a balance still on it, while another might say all closed account should be counted in the score.  So it's up to the company that uses the scoring model to pick which scoring model they want to use based on the weight of the information listed in the reports.

I hope this helps, and if it does, please thumbs up.

I hope this helps, and if it does, please thumbs up.

Reply by
karsmo

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Helpful to 2 out of 2 people

thank you.

I do wonder which score is closer in value to the fico...

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CONFUSED

SO WHAT YOU ARE SAYING IS CREDIT KARMA USES WAG REDICULOUS

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Helpful to 0 out of 2 people

Different formulas they are using to predict your score. The most accurate score comes from my fico.....

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Reply by
NunnyaBusines

179 Contributions
334 People Helped
Helpful to 1 out of 1 people

You can’t really tell people that one brand of credit scoring model is ‘more accurate’ than any other scoring model or brand.  The reason is because credit scoring models are nothing more than a tool used in an attempt to predict the future of someone’s ability to make a payment on a loan.  It’s like a crystal ball used to predict the future, there simply is no way of telling if the outcome will really happen as predicted.  And while you may reduce the amount of risk involved in lending by knowing someone’s past history before you lend to them, there is never a guarantee that past results will predict accurate future results.

In addition to that, myfico uses the FICO Score 8 credit scoring model.  But the brand and sub-brand of the credit model will not be used by everyone or be more accurate than any other credit scoring model.  It’s like saying Diet Coke is used everywhere and it’s a more accurate recipe of soda pop than even Coke-a-Cola Classic or Pepsi Cola.

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