Author Topic: What's Your FICO Score? (Read 174617 times)

Emkay · « **Reply #580 on:** December 10, 2014, 04:14:02 AM »

Quote from: MoMo12387 on December 10, 2014, 04:10:19 AM

I have discover and barclaycard, which both offer free FICO scores. Why are they slightly different from one another? Acc to Discover my score is 793, and acc to Barclays it's 798.
Second question - if these are my real FICO scores, why did Barclays only give me a $2000 credit limit? Shouldnt i get something better for such a high score?
Thanks

eli.f · « **Reply #581 on:** December 10, 2014, 04:24:20 AM »

Quote from: MoMo12387 on December 10, 2014, 04:10:19 AM

I have discover and barclaycard, which both offer free FICO scores. Why are they slightly different from one another? Acc to Discover my score is 793, and acc to Barclays it's 798.
Second question - if these are my real FICO scores, why did Barclays only give me a $2000 credit limit? Shouldnt i get something better for such a high score?
Thanks

1. There are many versions of FICO.
2. It's not all about the numerical score.

MoMo12387 · « **Reply #582 on:** December 10, 2014, 05:53:27 AM »

Quote from: eli.f on December 10, 2014, 04:24:20 AM

1. There are many versions of FICO.
2. It's not all about the numerical score.

Thanks. What else is involved in determining credit limits?

eli.f · « **Reply #583 on:** December 10, 2014, 06:26:23 AM »

Quote from: MoMo12387 on December 10, 2014, 05:53:27 AM

Thanks. What else is involved in determining credit limits?

Qualitative aspects of your score.
Length of history with other banks and especially with the bank you're applying from.
Amount of existing credit.
Ratio of credit to income with other and this bank.
Number of recent new accounts.
And of course, income.
And probably more.

ChaimMoskowitz · « **Reply #584 on:** December 10, 2014, 07:30:45 AM »

Quote from: eli.f on December 10, 2014, 06:26:23 AM

Qualitative aspects of your score.
Length of history with other banks and especially with the bank you're applying from.
Amount of existing credit.
Ratio of credit to income with other and this bank.
Number of recent new accounts.
And of course, income.
And probably more.

I was given an 8k limit. Asked for 25k and it was approved on the spot. Lets not over think this.

eli.f · « **Reply #585 on:** December 10, 2014, 07:33:39 AM »

Quote from: ChaimMoskowitz on December 10, 2014, 07:30:45 AM

I was given an 8k limit. Asked for 25k and it was approved on the spot. Lets not over think this.

I guess your'e right.
One of my 1st cards was a BOFA with $800. After maybe a month, I asked for 10K and got it!

Still, these are probably the reasons why he didn't get it automatically.

Which bank, BTW?

ChaimMoskowitz · « **Reply #586 on:** December 10, 2014, 07:37:42 AM »

The thing is I was in the branch. It was an instant approval for 8k and then changed to 25k with a two minute phone call. There is a theory that existing big CL's will get you new big CL's.

eli.f · « **Reply #587 on:** December 10, 2014, 07:40:40 AM »

Quote from: ChaimMoskowitz on December 10, 2014, 07:37:42 AM

The thing is I was in the branch. It was an instant approval for 8k and then changed to 25k with a two minute phone call. There is a theory that existing big CL's will get you new big CL's.

What bank?
Chase have told me many times that they would give me a higher CL if they would see on my report another card with a high CL.

TimT · « **Reply #588 on:** December 10, 2014, 07:48:03 AM »

Quote from: ChaimMoskowitz on December 10, 2014, 07:30:45 AM

I was given an 8k limit. Asked for 25k and it was approved on the spot. Lets not over think this.

Do you think income might have something to do with that ?

Novo · « **Reply #589 on:** December 10, 2014, 09:43:14 AM »

Quote from: ChaimMoskowitz on December 10, 2014, 07:37:42 AM

There is a theory that existing big CL's will get you new big CL's.

Makes a lot of sense to me.
1) I've always gotten small CLs until I shifted together credit from 4 Chase cards to get a 20k CL and from then on I'm getting nice chunks.

2) On one of my phone calls to Barclays recon the rep told me, "ok, so I'll match up with your highest CL you have with Citi...

benjie1305 · « **Reply #590 on:** December 11, 2014, 10:05:36 AM »

Just used the Barclays US airways card to get my score. I assume its valid as it says FICO on it. 820! Woohoo!

dealfinder85 · « **Reply #591 on:** December 11, 2014, 10:06:20 AM »

Quote from: benjie1305 on December 11, 2014, 10:05:36 AM

Just used the Barclays US airways card to get my score. I assume its valid as it says FICO on it. 820! Woohoo!

wow nice
mine was 767 then for some reason it went up to 775

benjie1305 · « **Reply #592 on:** December 11, 2014, 10:12:35 AM »

Quote from: dealfinder85 on December 11, 2014, 10:06:20 AM

wow nice
mine was 767 then for some reason it went up to 775

Lets be honest here - my last round of cc's was over a year ago. just waited to see the score to get started on a new round

Happy either way!

TimT · « **Reply #593 on:** December 11, 2014, 10:38:34 AM »

Quote from: benjie1305 on December 11, 2014, 10:05:36 AM

Just used the Barclays US airways card to get my score. I assume its valid as it says FICO on it. 820! Woohoo!

Its TU. EX might be a little different.

benjie1305 · « **Reply #594 on:** December 11, 2014, 10:43:25 AM »

Quote from: TimT on December 11, 2014, 10:38:34 AM

Its TU. EX might be a little different.

Do they tend to be lower in NY? Is TU usually the standard in NY?

TimT · « **Reply #595 on:** December 11, 2014, 11:01:27 AM »

Quote from: benjie1305 on December 11, 2014, 10:43:25 AM

Do they tend to be lower in NY? Is TU usually the standard in NY?

Barclay pulls TU. Amex & chase pull EX.

benjie1305 · « **Reply #596 on:** December 11, 2014, 11:05:13 AM »

Quote from: TimT on December 11, 2014, 11:01:27 AM

Barclay pulls TU. Amex & chase pull EX.

Anyway to find those out without paying? All my other ones are chase and amex

NYHeel · « **Reply #597 on:** December 11, 2014, 02:46:27 PM »

I wouldn't worry. If you're 820 on TU you're fine on experian as well. I'm in the same score area and had very similar TU and experian scores despite most of my inquiries being chase and Amex.

mdrills · « **Reply #598 on:** December 13, 2014, 10:27:21 PM »

Is there any way to get my credit score for free?

mawmaw · « **Reply #599 on:** December 13, 2014, 10:48:52 PM »

Quote from: NYHeel on December 11, 2014, 02:46:27 PM

I wouldn't worry. If you're 820 on TU you're fine on experian as well. I'm in the same score area and had very similar TU and experian scores despite most of my inquiries being chase and Amex.

-1 you can have 830 TU and 650 EX stupid collection agency's can report to one CB only