The Discover FICO score is a “real” FICO score. It uses FICO 8 and TransUnion. So _the score presented is 100% accurate with any FICO 8 score generated from the same TransUnion report_. There are, however, many “versions” of FICO that perform calculations slightly differently.
It's normal to see slight differences in your credit score when you review credit reports from different credit bureaus. Your credit score may be different because creditors don't always report to all three major credit bureaus.
Why do we provide your Credit Scorecard for free? We want you to check your Credit Scorecard without worry, which is why we offer it for free. Nearly all lenders in the US, including Discover, use a FICO® Score among other information when they make their credit decisions, and they have for more than 20 years.
You can check your FICO Score for free by accessing your credit report from one of the major credit bureaus (Equifax, Experian, or TransUnion) once per year. Some credit card issuers and financial institutions also offer their customers free access to FICO Scores.
You can start by going to the three major credit bureaus, Equifax, Experian, and TransUnion first by logging on to AnnualCreditReport.com to check your report for free. Each agency gives you access to your report once every 12 months. 4 You'll have to pay them if you want your credit score.
FICO® Score Program.
The feature is accessible through Online Banking, the Mobile website, and the Mobile Banking app for iPhone and Android devices. Your FICO® Score is based on data from TransUnion® and may be different from other credit scores.
See your FICO® Score on the Discover mobile app, online and statements. It won't hurt your credit. The FICO® Score you get from Discover is based on key categories like payment history, amounts owed, length of credit history, new credit, types of credit, and other information in your TransUnion® credit report.
Step 1 – Check with your bank or credit union
Hundreds of banks and credit unions partner with FICO through its Open Access Program. If your bank or credit union partners with FICO, log in to your account online. You will likely be provided with a free FICO Score.
Like many credit card companies, Discover usually reports your account activity to credit reporting agencies each month, typically around the time we generate your statement (the close of your billing cycle).
Your FICO Score is a credit score. But if your FICO score is different from another of your credit scores, it may be that the score you're viewing was calculated using one of the other scoring models that exist.
Lenders use it to help determine whether to approve someone for a loan or a mortgage and assess how much interest they might be charged. The FICO Score 8 can range from 300 to 850, with anything over 700 usually considered good credit health.
While Experian is the largest bureau in the U.S., it's not necessarily more accurate than the other credit bureaus. The credit scores that you receive from each of these bureaus could be the same, depending on which scoring model they use.
There is no single credit score that's considered the most accurate. The truth is, there are several types of credit scores available to lenders—and many versions of each of those scores. Scores are calculated based on many of the same factors. But thinking of these scores in terms of accuracy can still be misleading.
No, checking your own credit score does not lower it.
For a score with a range of 300 to 850, a credit score of 670 to 739 is considered good. Credit scores of 740 and above are very good while 800 and higher are excellent.
You can get your FICO® Score for free from hundreds of financial services companies, including banks, credit unions, credit card issuers and credit counselors that participate in the FICO® Score Open Access program and offer free scores to customers.
To start off: No, it's not possible to have a 900 credit score in the United States. In some countries that use other models, like Canada, people could have a score of 900. The current scoring models in the U.S. have a maximum of 850. And having a credit score of 850 is rare.
Many dealers use a FICO Auto Score instead of a traditional FICO Score or VantageScore when evaluating your car loan application. Your FICO Auto Score can range from 250 to 900, depending on your previous auto loans.
It's not unusual to see a variance of up to 30 points among the three. A variance of 150-plus points? That's not good. I did indeed say that I've found -- based on what I've been told by experts and Discover customers -- that FICO scores provided by Discover are accurate.
Have you seen both of your scores and questioned, “Why is my VantageScore® different than my FICO® Score?” It's because there are differences in how each company weighs categories and information within their own scoring models. This can result in slightly different scores.
You can sign up for a free account on myFICO.com to access your monthly FICO score based on your Equifax credit report.
myFICO is a legitimate subscription credit monitoring service that helps Americans track their FICO® credit scores from the three major credit bureaus — Equifax, Experian, and TransUnion — and provides limited identity monitoring, insurance, and restoration services.
AnnualCreditReport.com is the official site to get your free annual credit reports. This right is guaranteed by Federal law. You can verify this is the official site by visiting the CFPB's website. Don't be fooled by look-alike sites.
The first place you should check for your free FICO Score is with your credit card issuer. Many card issuers provide their cardholders with free access to their credit score. While there's a good chance you'll have access to your credit score, the key is whether it's your FICO Score or VantageScore.