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New Contributor
Richierichdollar
Posts: 116
Registered: ‎03-10-2013

Citi denied think I can recon

This is the email I got. I guess my score have dropped since I have apped and recieved 2 cards. Last time I checked my score was 667 when I recieved my capone and discover card. They state no reason but my score.

 

 

Information about Your Credit Score
 We obtained your credit score from this consumer reporting
 agency and used it in making our credit decision.  Your
 credit score is a number that reflects the information
 in your credit report.  Your credit score can change,
 depending on how the information in your credit report changes.

 As of May/2013 your credit score is 0640.  Credit scores
 range from a low of 250 to a high of 900.  The key factors
 that adversely affected your credit score are:

 If your credit report contained incorrect information,
 please send us a complete copy of your updated credit report
 within 30 days to:
Senior Contributor
longtimelurker
Posts: 5,379
Registered: ‎04-22-2013

Re: Citi denied think I can recon

The range they give is not FICO, so your FICO score might not have changed (although adding two accounts probably means it has).  

 

 

Most active cards: Amex BC ($50K), Cap One QS ($33K) Fidelity Amex ($20K)
Others: CSP, Freedom, Chase Amazon, Cap One QS, Penfed Plat Rewards (x2), Citi TY Preferred, Citi Dividend, Citi AA Plat Select, Citi Forward, Amex BCE, Amalgamated Bank, Sallie Mae, Cash Plus
Scores May 14: EQ 848, EX 833, TU 841 (Jul)
Established Contributor
ezdoesit
Posts: 706
Registered: ‎03-16-2013

Re: Citi denied think I can recon

I don't know what score that is never heard of that range.  Even a vantage score is not that range. Vantage score is 501-990.

Established Contributor
NJTurnpike
Posts: 662
Registered: ‎02-20-2013

Re: Citi denied think I can recon

you could try the EO number. just search on this forum its arond here somewhere.


DCU ( pulled 3/29/13) EQ04 683 | Amex (pulled 3/28/13) EX 760 | US Bank (pulled 3/28/13) EX 753
CreditKarma (4/19/13) TU-TR 701 | TU Vantage 788 | USAA FAKO (3/31/13) EX 728, EQ 699, TU 737 |
Inquiries (4/18/13) EX 13 | EQ 13 | TU 14
Senior Contributor
longtimelurker
Posts: 5,379
Registered: ‎04-22-2013

Re: Citi denied think I can recon

Actually might be Fico 8 bankcard, see:

 

http://brblog.typepad.com/files/FICO_8_Bankcard_Score_2557FS.pdf

 

Most active cards: Amex BC ($50K), Cap One QS ($33K) Fidelity Amex ($20K)
Others: CSP, Freedom, Chase Amazon, Cap One QS, Penfed Plat Rewards (x2), Citi TY Preferred, Citi Dividend, Citi AA Plat Select, Citi Forward, Amex BCE, Amalgamated Bank, Sallie Mae, Cash Plus
Scores May 14: EQ 848, EX 833, TU 841 (Jul)
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: Citi denied think I can recon

Its either the above or a in house score Citi uses.



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
New Contributor
Richierichdollar
Posts: 116
Registered: ‎03-10-2013

Re: Citi denied think I can recon

They said it is a eqfax score

Frequent Contributor
OptimasPrime
Posts: 348
Registered: ‎08-17-2012

Re: Citi denied think I can recon

[ Edited ]

Richierichdollar wrote:

They said it is a eqfax score


You are correct that they pulled equifax, but I believe that the upper range of the Beacon v 5.0 fico score is 818 (this is the equifax fico version sold on this website). Since the upper range of the score you cited is 900 it is not a conventional fico score.

 

Banks sometimes provide their own in house scores because it is more cost effective than purchasing a true fico score from a credit bureau. Chase for example, uses a vantage score for applications (not exactly an in house score, but not a fico either). Most likely the score that citi provided you is based off of a proprietary internal scoring system.

EQ 778 | TU 776
Barclay US Airways WMC 7.5k | BCE 5.8k | BofA Travel Rewards 9.1k | Chase Marriott Premier 13k | Citi TYP WMC 6.5k | Freedom Visa Sig 8k| Discover it 10k
Valued Contributor
boomhower
Posts: 1,863
Registered: ‎09-20-2011

Re: Citi denied think I can recon

Regardless of what the score is Citi is difficult to recon with.  Even with what you thought your FICO is it's pretty low for Citi with chances not being good.  You can certainly try to recon and may as well since you already ate the inquirery.

Moderator Emeritus
tinuviel
Posts: 4,877
Registered: ‎11-02-2010

Re: Citi denied think I can recon

[ Edited ]

Richierichdollar wrote:

They said it is a eqfax score


That simply means that they used data from your Equifax report to calculate the score, but it tells you nothing about what type of scoring system it is.


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k

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