tunabomberswillcrushyou: Is Providian credit score a joke? ?
it seems they score you on your personal payment history with them, not your actual credit score with trans union. There is close to 100 pt difference between my actual score with trans union and their “FICO SCORE” it seems they are just trying to motivate their customers to keep paying on time as it will continue to increase their credit score…what a bunch of crap…I wish I really had an 850 score
Answers and Views:
Answer by David
Research the top rated credit card issuers.. Providian used to be one of the worst
Years ago when I had no choice .. I had a dealt with these people
Heres the thing…
Use the card wisely.. pay it off each month and regardless of interest or your credit score with them … you will build good credit and someday get a decent rate from a good company
Be wise.. Think twice if you really need it and someday you will have that 850
Answer by hdporter1The score provided by Providian is a true FICO score.
There are several FICO scores, each measuring borrower risk for a specific credit segment. The score cited by Providian is the bankcard risk score.
Other FICO models offer evaluate auto loan risk, mortgage risk, retail card risk, etc. The score you pull from myFICO is based upon a “classic” model, and is a general risk rating.
Some creditors may use this general score in evaluating your credit, but in most cases they will use a score more specifically tailored for the credit product. When you apply for a bank credit card, it’s more likely they see a score comparable to what Providian has provided than the one you see via myFICO.com.
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