cancel
Showing results for 
Search instead for 
Did you mean: 

Denied credit at a CU with a 807 FICO score?

Senior Contributor

Re: Denied credit at a CU with a 807 FICO score?

I think it all depends on the specific lender's UW risk model.  PenFed, Simmons, Iberia Bank, Commerce (to name a few) appear to have some sophisticated algorithms that flag a "pyramiding" pattern based on an individual's previous credit experience.  As conservative as they are compared to other peer institutions, I'm thinking they're just not big fans of folks taking additional debt which may include BTs with other lenders.  Yet, other banks or CUs don't place much weight on this but rather focus on abnormal utilization or overextension patterns.

Message 51 of 51