Credit score sandbagging at Credit One Bank

[redhunter]

I picked up a Credit One Bank right after discharge. They give you a free credit score each month, I believe from Experian. My April through August scores shown at Credit One Bank have been in the 570 range.

I also subscribe to TransUnion's TrueCredit service and my scores for all three agencies have been about 80-100 points higher than what Credit One Bank was reporting for the past couple of months.

I wonder if Credit One Bank is sandbagging my score so I still stick with their low balance high annual fee card. Unless they bump my credit limit quickly I will probably dump them since I already have a better CC.

[SPalin]

I got a Credit One just after my discharge in Feb. 2010, and received a CL increase last month for $100 without any fee. You might want to call customer service. I didn't need to, as the CL increase was automatic.

[LSUTiger32]

I picked up a Credit One Bank right after discharge. They give you a free credit score each month, I believe from Experian. My April through August scores shown at Credit One Bank have been in the 570 range.

I also subscribe to TransUnion's TrueCredit service and my scores for all three agencies have been about 80-100 points higher than what Credit One Bank was reporting for the past couple of months.

I wonder if Credit One Bank is sandbagging my score so I still stick with their low balance high annual fee card. Unless they bump my credit limit quickly I will probably dump them since I already have a better CC.

No, remember they all use different scoring methods. Equifax has the FICO, one of them has the BEACON or whatever.....they all use different formulas. The one you see on Credit One is probably a FAKO (as it is called) score. In other words, it's using a different formula that no one that actually checks your report for credit uses. Kind of like CreditKarma.

Google FAKO score, you'll get a good explanation.