I have 2 current cards 1 from orchard from feb and other Cap1 which i opened in october.
2 Baddies, 1 Cap1 Paid/Closed 2nd Wachovia Charge off and closed
I applied for Walmart and this is what i hear.
My TU FICO is 664, kinda mad and sad
how old are those baddies, what have you done to get them off, do you have any other credit ie student loans, auto loans, mortgage, lines of credit, etc?
---
Wells Fargo
04/15/2006 04/30/2010
Capital One
10/26/2006 12/04/2011
I do not know why Capital One keeps reporting a paid account every month
---
That's NOT a FICO. score they provided you with, its a FAKO.
---
That's NOT a FICO. score they provided you with, its a FAKO.
I know, but my real TU fico is 664
---
That's NOT a FICO. score they provided you with, its a FAKO.
I know, but my real TU fico is 664
Okay. Just checking
---
I still can't figure out why is Crap1 Reporting a paid/closed account every month? Is this normal?
---
Just because a score isn't a FICO, doesn't automatically make it a FAKO. In this case, their in-house score was used for their decision, and therefore not a FAKO.
FAKO scores are not used for credit decisions.
---
Just because a score isn't a FICO, doesn't automatically make it a FAKO. In this case, their in-house score was used for their decision, and therefore not a FAKO.
FAKO scores are not used for credit decisions.
exactly. internal/custom scores are not fake scores.
---
That is almost what my denial letter looked like from them!
And i am fighting with TU over my free report, as result of said denial.
(Not only that, but Amazon.com GEMB denial was identical. Would have not pulled trigger twice if i knew they were both TU.) Thats why i DP USAA CCMP every day.. im sure im close to 0 inqs EQ and TU. And i only have 5 on Experian.
---
Did you ever have to get a new card due to the card being stolen?
---
This is what i am trying to figure out... If this is not right then i have a dispute on hand...
---
Walmart does not send out any paper denial letter, they sent me a link to find there decision and it is exactly same word for word for my but my credit score was 417 according to the model that Walmart uses. My FAKO's are in the mid 600's.
---
Walmart does not send out any paper denial letter, they sent me a link to find there decision and it is exactly same word for word for my but my credit score was 417 according to the model that Walmart uses. My FAKO's are in the mid 600's.
WOW! My letter from Walmart last July said the same thing.......their score was 371!!
JC PENNY DENIAL in December.....score was 378 based on
..Too Few Accounts Currently Paid as Agreed
..Lack of Bank Revolving Information
..Lack of Revolving Account Information
..Number of Months Since Credit Account in Collections is Too Low
I have NO CLUE what these mean
---
This was very upsetting to see, with a 417 GECRB credit score, I will not be able to get any cards
---
I received my Old Navy credit card today and it said that my score with them was 451. At the beginning of April I applied at Walmart and got denied, then I applied at JCPenney's and got approved. I figure why not try Walmart again, so I applied again and was approved. The free Fico I got said my score was 636. Go figure.
---
Interesting... my decline letter listed BK (which I know GECRB is BK friendly) and did not provide a score. I sent a letter asking for the score disclosure and information about their BK policy but no response yet.
---
I don't think I am going to apply again to Walmart or JC PEnny. Three collections on my TU report and NO positive tradelines. If I get denied, I will just cry........surely three accounts that have dropped off since then will have raised my scores...........
---
You didn't IIB GECRB did you? Also, did you confirm they pulled an inquiry on you?
---
You didn't IIB GECRB did you? Also, did you confirm they pulled an inquiry on you?
I did IIB GECRB, however they did approve me for JCP almost a year ago. and they pulled EX for the Walmart card.
ETA: I wonder if that stupid collection still showing a balance on EX is what really sunk me. It wasn't mentioned in the letter, but it's an IIB item that I'm still trying to get corrected.
---
Just because a score isn't a FICO, doesn't automatically make it a FAKO. In this case, their in-house score was used for their decision, and therefore not a FAKO.
FAKO scores are not used for credit decisions.
exactly. internal/custom scores are not fake scores.
+1
Custom scores include app info such as income, anticipated income/loss were they to grant credit, and other proprietary factors. In addition it looks like they are not using the standard FICO score range so it's hard to tell how these impacted an app. It would be nice if they included a rank order percentage.
Good for everyone to remember that FICO is only a risk score and credit grantors are interested in more than risk. They want to make money from any credit they grant and risk is just part, albeit the largest part, of that equation.
---
I don't think I am going to apply again to Walmart or JC PEnny. Three collections on my TU report and NO positive tradelines. If I get denied, I will just cry........surely three accounts that have dropped off since then will have raised my scores...........
went ahead and did something stupid.......applied.......got the 7-10 day letter message.....I guess I was denied. Is there a RECON number?
---
You didn't IIB GECRB did you? Also, did you confirm they pulled an inquiry on you?
I did IIB GECRB, however they did approve me for JCP almost a year ago. and they pulled EX for the Walmart card.
ETA: I wonder if that stupid collection still showing a balance on EX is what really sunk me. It wasn't mentioned in the letter, but it's an IIB item that I'm still trying to get corrected.
I applied in store in March. Turned down they pulled EX and listed BK as the reason. BK is my on PR on EX. Applied last week online, They pulled TU 3 PRs on TU, approved. Go Figure.
---
You didn't IIB GECRB did you? Also, did you confirm they pulled an inquiry on you?
I did IIB GECRB, however they did approve me for JCP almost a year ago. and they pulled EX for the Walmart card.
ETA: I wonder if that stupid collection still showing a balance on EX is what really sunk me. It wasn't mentioned in the letter, but it's an IIB item that I'm still trying to get corrected.
I applied in store in March. Turned down they pulled EX and listed BK as the reason. BK is my on PR on EX. Applied last week online, They pulled TU 3 PRs on TU, approved. Go Figure.
Must... resist.... urge... to apply online in a few months.
---
Come to think of it.. I had my wife apply about a week later online. They pulled TU for her too. Sounds like a pattern to me.