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Regular Contributor
Posts: 171
Registered: ‎03-11-2009
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Re: American Express

Hi,

 

Internal scoring system?  Do you mean that they might base it approval, or denial on what they physically see in the report?  as well as the FICO ?

 

Thank you

Equifax 657
Experian 711 (Per Lender)
Frequent Contributor
Posts: 261
Registered: ‎01-20-2009
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Re: American Express

I doubt that they will physically look at your report unless you end up requesting a recon. The data fields will be run through the Amex algorithm as well as Fico's to come up with an approval or decline.
Regular Contributor
Posts: 171
Registered: ‎03-11-2009
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Re: American Express

Hi,

 

Oi cee, thanks alot !

 

 

Equifax 657
Experian 711 (Per Lender)
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Re: American Express

Almost every CCC has some sort of internal score algorithm, where they evaluate what's on your report. So some won't touch you with a BK, others if you have too many lates, etc., regardless of your FICO scores.

If there are any banks left that loan solely on the basis of FICO's, they're fools.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Frequent Contributor
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Registered: ‎02-23-2009
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Re: American Express

AMEX usually pull EX and to get approve your score must be over 700. I was approved for an account with a score of 743 at the time I applied..
Frequent Contributor
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Registered: ‎02-23-2009
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Re: American Express

[ Edited ]

 Almost every CCC has some sort of internal score algorithm, where they evaluate what's on your report. So some won't touch you with a BK, others if you have too many lates, etc., regardless of your FICO scores.

If there are any banks left that loan solely on the basis of FICO's, they're fools.

 

 

 

-------------------------------------------------------------

 

Yes you are right, Citibank is one of them..

Message Edited by CreditCard101 on 04-06-2009 08:34 AM
Regular Contributor
Posts: 171
Registered: ‎03-11-2009

Re: American Express

Hi,

 

Thanks!  this helped alot.

 

 

Equifax 657
Experian 711 (Per Lender)
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