screw you Discover Card "Credit ScoreTracker"

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Homerboy

Lifer
Mar 1, 2000
30,890
5,001
126
I utilize the $6/month Credit ScoreTracker service offered by Discover card.
I'm trying to rebuild some bad credit I had accumulated.

per the Credit ScoreTracker I had reached a threshold I was gunning for... had the bank pull an actual CBR as I'm trying to refinance, and my actual is SEVENTY points lower than what Discover is reporting? Piss off. What the hell kind of useless tool is that?!?
 

Deeko

Lifer
Jun 16, 2000
30,213
12
81
So get Fico's monitoring service. Everyone has a different formula - and those formulas change frequently.
 

PokerGuy

Lifer
Jul 2, 2005
13,650
201
101
The "tracker" is not showing you the actual FICO score, it's showing you a "fako" score. Do some reading. The only score that matters for most situations is FICO.
 

PokerGuy

Lifer
Jul 2, 2005
13,650
201
101
Well, there are 3 places that have credit scores. all of them are different.

No, there's a large number of places that offer scores, but there's only one FICO. It can be calculated based on the data in each of the major credit reporting companies, so you can have 3 different FICO scores.
 

kranky

Elite Member
Oct 9, 1999
21,019
156
106
Yes, unless the service provides FICO scores, anything else is just an estimate. A "fako" score being off 70 points from FICO is pretty bad but not unheard of

Also, there is plain vanilla FICO, bankcard-enhanced FICO, mortgage-enhanced FICO, automobile-enhanced FICO, and probably others. Those "enhanced" FICO scores have the formulas tweaked for particular types of lenders.

FICO is the score that matters, accept no substitutes.
 

Lotheron

Platinum Member
Oct 21, 2002
2,188
2
71
Homerboy, do you refresh your report every month? I've found the score tracker is unless unless you refresh your report.

Keep in mind also, it's only tracking Experian. There are two other credit report companies, Transunion and Equifax. To get all three, you have to pay a $20 one time fee each time you want the others. CreditKarma gets your Transunion score for free.

I use it cause it's an easy way to see at least one report for $6/month.
 
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blackangst1

Lifer
Feb 23, 2005
22,902
2,359
126
Homerboy, do you refresh your report every month? I've found the score tracker is unless unless you refresh your report.

Keep in mind also, it's only tracking Experian. There are two other credit report companies, Transunion and Equifax. To get all three, you have to pay a $20 one time fee each time you want the others. CreditKarma gets your Transunion score for free.

I use it cause it's an easy way to see at least one report for $6/month.

As has been stated, unless you get your score from myfico.com, its a FAKO, and has nothing to do with your FICO. It could be 1 point or 100 points one way or the other. There's no rhyme or reason to FAKO's, and there's no "rule of thumb" to figure out your REAL FICO score basing it on a FAKO. In other words, its 100% useless.

If youre trying to keep track of your credit and do repairs, best thing to do is pull a FICO (you wont be able to get Experian FICO though unless youre a member of two or three credit unions that offer it), and use a monitoring service that you can use to use pull all 3 reports. USAA has one of the best at $12.99/mo, and you can pull daily. Then start your credit repair from there. There's really no reason to need to track your FICO daily.
 
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