Personal Finance

CIBC free credit score with app update

  • Last Updated:
  • Jan 19th, 2018 10:25 am
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Sr. Member
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Jul 9, 2016
633 posts
226 upvotes
Peterborough
Akitakara wrote:
Jun 12th, 2017 11:11 pm
So just to make sure I'm understanding this right.

If I am a CIBC customer, and I navigate in my phone settings to view my score, I am essentially signing up for the Borrowell offer, so that they can view my credit score. This is all being done with CIBC as the intermediary, but BOTH Borrowell & CIBC can see my score, not just CIBC.

Is my understanding correct?
sounds about right, yeah.
Sr. Member
May 11, 2009
513 posts
125 upvotes
Is this a true FICO score? Score seems really inflated in my opinion. Not really sure though.
Sr. Member
User avatar
Jul 9, 2016
633 posts
226 upvotes
Peterborough
Ohmare_Q wrote:
Jul 5th, 2017 5:25 pm
Is this a true FICO score? Score seems really inflated in my opinion. Not really sure though.
its Equifax Risk Score 2.0, same as mogo, borrowel, and ratehub, but different than the educational score you get from equifax directly
Sr. Member
May 11, 2009
513 posts
125 upvotes
SuperSauvage wrote:
Jul 5th, 2017 6:30 pm
its Equifax Risk Score 2.0, same as mogo, borrowel, and ratehub, but different than the educational score you get from equifax directly
Ooo, so whats the offset. Anyone have a guesstimate?
Deal Addict
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May 11, 2014
1890 posts
826 upvotes
Iqaluit, NT
Out of curiosity....

Anyone notice if their score is updating? My app says it will update September 2017, but my score still says as of June 2017.
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Aug 24, 2016
2950 posts
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xgbsSS wrote:
Oct 12th, 2017 8:20 pm
Out of curiosity....

Anyone notice if their score is updating? My app says it will update September 2017, but my score still says as of June 2017.
Mine still says June as well and was suppose to update in September.
The score is powered by Borrowell, so go figure, I had problems with that one updating too.
Member
Jun 19, 2015
379 posts
164 upvotes
Heh, I checked my score in June and just randomly did yesterday out of curiosity. Noticed the same thing, last update was June but it says it will update in September
Newbie
Sep 21, 2017
9 posts
xgbsSS wrote:
Oct 12th, 2017 8:20 pm
Out of curiosity....

Anyone notice if their score is updating? My app says it will update September 2017, but my score still says as of June 2017.
My score updated every 3 months since the launch of this feature, so far updated twice
Member
Apr 17, 2014
322 posts
170 upvotes
Calgary
I got the CIBC App version 9.2.8
I cannot see thee score. It says "...down for maintenance now."
It has been this way since June or so.
Member
Sep 22, 2014
271 posts
80 upvotes
Ottawa, ON
I did the initial check which showed 707 in june. Just did it again at the beginning of October and it's 816. Same thing with the wife, 811 June and now 808 oct. No idea why it changes especially for me since I haven't done anything different.
Newbie
Jan 9, 2018
4 posts
these scores can definitely be a little confusing...my Borrowell score is 714,I also have Equifax credit monitoring,and that was 778, so i decided to see my Equifax score power (true Fico score)so they say! and it was 795.so probably in the middle of all these is my true score.but hoping it's my FicoSmiling Face With Open Mouth
Deal Addict
Jun 3, 2009
3952 posts
491 upvotes
Montreal
Has anyone's credit score changed every 3 months?
Member
User avatar
Jun 23, 2017
306 posts
82 upvotes
Toronto, ON
cn_habs wrote:
Jan 11th, 2018 1:17 am
Has anyone's credit score changed every 3 months?
mine has .. i checked today and it dropped by 36 from when I checked in November.
Newbie
User avatar
Aug 4, 2017
9 posts
72 upvotes
Toronto
First post...

CIBC is offering a free credit score when you use their Mobile Banking App. The score is powered by Borrowell.

This isn't as good as other credit scoring services (Borrowell, Mogo, Credit Karma,or the RBC credit score/report) since it doesn't give any details beyond the credit score and it only updates every 3 months.

Good if you're using the CIBC app anyways.
Newbie
Feb 5, 2017
7 posts
1 upvote
Does it ever update?
Mine has been saying that 'your score will be refreshed in December 2017' since I downloaded it 4 months ago.

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