Credit Cards

[krisosa]

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

[hobojon]

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.

[krisosa]

Hi,

Oi cee, thanks alot !

[haulingthescoreup]

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.

[CreditCard101]

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..

[CreditCard101]

 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.

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

Message Edited by CreditCard101 on 04-06-2009 08:34 AM

[krisosa]

Hi,

Thanks!  this helped alot.