Which credit bureau does Discover pull from? (2024)

Which credit bureau does Discover pull from?

Discover may pull from any of three major credit bureaus: Experian, Equifax and TransUnion, but it appears based on consumer-reported data the bank leans heavily on Equifax to source many credit reports, followed by Experian and TransUnion.

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Which credit bureau does Discover check?

Discover reports to all three major credit bureaus: Experian, TransUnion, and Equifax.

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What credit score system does Discover use?

Discover provides your FICO® Score 8, which is one of the company's most widely used scoring models, according to FICO. Lenders use several different kinds of FICO® Scores, depending on the type of loan they provide. Discover provides your score from data on your TransUnion® credit report.

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Which lenders use Experian only?

Although there isn't a bank that exclusively uses Experian, some banks that typically use Experian data more commonly include American Express, Bank of America, and Wells Fargo.

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What credit cards only pull Equifax?

Here are some of the best credit cards that may use Equifax only:
  • Chase Sapphire Reserve: $450 annual fee (excellent credit) ...
  • Citi Double Cash: $0 annual fee (good credit) ...
  • Discover it: $0 annual fee (good credit) ...
  • HSBC Premier World Mastercard: $95 annual fee, waived the first year (excellent credit)

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How accurate is the Discover FICO score?

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.

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Which credit bureau is used the most?

Although Experian is the largest credit bureau in the U.S., TransUnion and Equifax are widely considered to be just as accurate and important. When it comes to credit scores, however, there is a clear winner: FICO® Score is used in 90% of lending decisions.

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What is the minimum FICO score for Discover?

The minimum credit score needed to get most Discover credit cards is 700 or above. There are a few Discover cards for which there's no minimum credit score requirement, such as the Discover it® Secured Credit Card which you can get with a bad credit score (below 640).

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Does Discover check Equifax or TransUnion?

Discover may pull from any of three major credit bureaus: Experian, Equifax and TransUnion, but it appears based on consumer-reported data the bank leans heavily on Equifax to source many credit reports, followed by Experian and TransUnion.

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What is the minimum credit score for Discover loan?

Good credit or better only: Fair and bad credit borrowers won't qualify for a Discover personal loan because of the 660 credit score minimum.

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Who does Discover pull from?

Discover says they randomly select which of the “big three” credit bureaus to pull a report from when evaluating an applicant for a credit card or loan. So it could be Equifax, TransUnion or Experian. They may even pull from more than one. Don't be alarmed by the randomness of the process.

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Which bureau does Chase pull?

Based on anecdotal information, Chase generally uses credit data from Experian. However, Chase may opt to review your Equifax or TransUnion credit reports instead depending on which state you live in. That said, Chase reports account information to all three credit bureaus.

Which credit bureau does Discover pull from? (2024)
What companies pull Equifax only?

Major issuers like Bank of America, Chase, Citibank, Capital One and Discover pull credit reports from Equifax when evaluating credit card applications. American Express and some credit unions may only check credit reports from other bureaus like Experian or TransUnion when reviewing applications.

Who does Capital One pull from?

Which Credit Bureau Does Capital One Use? Capital One appears to pull from any of the three major credit bureaus: Experian, Equifax and TransUnion. Though all evidence is limited to anecdotal data, Capital One does seem to rely on specific bureaus in some states, though this is not a guarantee.

What credit bureau does CareCredit use?

The CareCredit Credit Card reports the card's credit limit, account balance, payment history, and more to the three major credit bureaus: Experian, TransUnion and Equifax.

What is the lowest credit score on Equifax?

Credit score ranges and what they mean will vary based on the scoring model used to calculate them, but they are generally similar to the following:
  • 300-579: Poor.
  • 580-669: Fair.
  • 670-739: Good.
  • 740-799: Very good.
  • 800-850: Excellent.

Why is my FICO score higher on Discover?

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.

How accurate is Discover pre approval?

Pre-approval checks aren't as extensive as a hard credit check, so receiving Discover pre-approval doesn't necessarily mean you will be approved for the card. On the flip side, not having pre-approval for a Discover card doesn't mean you'll be denied.

How rare is a perfect FICO score?

How many Americans have an 850 credit score? Only 1.31% of Americans with a FICO® Score have a perfect 850 credit score. While a score this high is rare among any demographic, older generations are more likely to have perfect credit. Baby boomers make up a whopping 59.4% of the people with an 850 credit score.

Why is my credit score different when a lender pull it?

When mortgage lenders review your credit history, it's likely they'll use a credit score formula tailored to determine what kind of risk you'll be for a mortgage loan. The formula may weigh pieces of your credit history differently in order to test for that risk factor.

Why is my Discover credit score different than Credit Karma?

Some lenders report to all three major credit bureaus, but others report to only one or two. Because of this difference in reporting, each of the three credit bureaus may have slightly different credit report information for you and you may see different scores as a result.

Why is there a 100 point difference between TransUnion and Equifax?

The credit bureaus may have different information.

And a lender may report updates to different bureaus at different times. So, it's possible that Equifax and TransUnion could have different credit information on your reports, which could lead to your TransUnion score differing from your Equifax score.

Is Discover hard to get approved for?

If you want to get a Discover® credit card, you may be wondering how hard it is to get approved. Your credit score plays an important role here. The best Discover credit cards are aimed at consumers with FICO® Scores of 670 or above. If you have good or excellent credit, that helps quite a bit.

What is the easiest credit card to get approved for?

Easiest credit cards to get
  • Best for students: Discover it® Student Cash Back.
  • Best for no annual fee: Citi Double Cash® Card.
  • Best secured credit card: Discover it® Secured Credit Card.
  • Best for cash back: U.S. Bank Cash+® Visa® Secured Card.
  • Best for no credit: Petal® 2 “Cash Back, No Fees” Visa® Credit Card.

What is a good credit score to buy a house?

A 620 credit score is typically what you'll need to get a mortgage for a home purchase. Although you can buy a house with a credit score as low as 500, you'll pay a higher rate and make a larger down payment.

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