Reply
Frequent Contributor
NursePurse
Posts: 285
Registered: ‎12-14-2013

Old Navy denial letter but score is way off

[ Edited ]

I received a denial from Old Navy via email and I just noticed that is shows they pulled TU with a score of 425. Also says scores range from a low 300 to a high 620. My score has never even been close to being that low. I know GE never recons, but should I mail them a letter with the denial attached asking about this? Has this ever happened to anyone?

EQ FICO 694 TU FAKO 712 EXP FICO 671 (Started rebuilding in Nov 2013, scores were low 500's, student loan charge-off's dating from 2011, all marked as paid on CRB's) 2% Utl
Chase United Mileage Plus $5,000/Citi AAdvantage $4,000/USAirways MC $5,000
NFCU cashRewards $10,000/Navcheck $10,000/Cap1 Quicksilver1 $2,500/Cap1 Quicksilver1 $2,000/Gap $650/Barclay Rewards MC $1,000/Walmart $950/CareCredit joint $8,400 LOFT/Express/VS all $250/J.Crew $1050/True Value $950 /Nordstrom $500/Amazon$1400/Amex Hilton HHonors $1,000/Chase Amazon $500/Chase Freedom $2,000/Paypal MC $4,000

Frequent Contributor
NursePurse
Posts: 285
Registered: ‎12-14-2013

Re: Old Navy denial letter but score is way off

Found the answer

 

"GECRB is a superbank, they use their own model that TU has created for them. 300-620 range scoring lets you know its based on a formula just for them, and not traditional scoring models... "


EQ FICO 694 TU FAKO 712 EXP FICO 671 (Started rebuilding in Nov 2013, scores were low 500's, student loan charge-off's dating from 2011, all marked as paid on CRB's) 2% Utl
Chase United Mileage Plus $5,000/Citi AAdvantage $4,000/USAirways MC $5,000
NFCU cashRewards $10,000/Navcheck $10,000/Cap1 Quicksilver1 $2,500/Cap1 Quicksilver1 $2,000/Gap $650/Barclay Rewards MC $1,000/Walmart $950/CareCredit joint $8,400 LOFT/Express/VS all $250/J.Crew $1050/True Value $950 /Nordstrom $500/Amazon$1400/Amex Hilton HHonors $1,000/Chase Amazon $500/Chase Freedom $2,000/Paypal MC $4,000

Mega Contributor
Creditaddict
Posts: 18,514
Registered: ‎10-23-2007

Re: Old Navy denial letter but score is way off


rebuildingcredit1 wrote:

Found the answer

 

"GECRB is a superbank, they use their own model that TU has created for them. 300-620 range scoring lets you know its based on a formula just for them, and not traditional scoring models... "



it's annoying because if you are approved GE sends you the true TU Fico.

If denied they send you this formulated TU score like you got...

I have gone round and round with credit solutions and supervisors about them providing worthless info just because it complies within the law when they very easily could provide the true TU Fico that they also have since it's what they use for Walmart cardmembers and for approvals

Fico Scores: EQ 639 Navy, TU 667 GE, EX 677 Prosper (06-27-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Valued Contributor
injustifiiable
Posts: 1,840
Registered: ‎03-30-2012

Re: Old Navy denial letter but score is way off


Creditaddict wrote:

rebuildingcredit1 wrote:

Found the answer

 

"GECRB is a superbank, they use their own model that TU has created for them. 300-620 range scoring lets you know its based on a formula just for them, and not traditional scoring models... "



it's annoying because if you are approved GE sends you the true TU Fico.

If denied they send you this formulated TU score like you got...

I have gone round and round with credit solutions and supervisors about them providing worthless info just because it complies within the law when they very easily could provide the true TU Fico that they also have since it's what they use for Walmart cardmembers and for approvals


Not necessarily. I have two Gap Inc cards I was approved for recently. The score is on the back of the paper mailer and it is of the same scale (300-620). It doesn't mention that it is or isn't a FICO BUT it does say that "the score we provide may differ from one you obtain from a credit bureau."

Scores 6/17/2014: TU FICO: 643 | EQ FICO: 675 | EX AMEX FICO: 666

In my new wallet: American Express Premier Rewards Gold EMV: NPSL | BankAmericard Cash Rewards Visa EMV: $2500 | BarclayCard Rewards Average: $2000 | Travelocity Rewards AMEX: $1050 | Discover IT: $1500 | Amazon Rewards Visa: $1500 | Sportsman's Guide Visa: $3000 | Capital One QuicksilverOne MasterCard: $1250 | Target: $400 | J.Crew $2750
Established Contributor
CreditMagic7
Posts: 1,508
Registered: ‎01-04-2014

Re: Old Navy denial letter but score is way off

gecrb "Superbank!"

Has a nice ring to it. Good one LoL

------------------------------------------------------------
It's All In The Magic Of Your Own Destiny
Valued Contributor
BearsAndTurtlesRtheBest
Posts: 3,178
Registered: ‎10-02-2012

Re: Old Navy denial letter but score is way off

Nothing to worry about its just their scoring model. When my parents received their cli denial they came with the same scoring model of 400s.


$600$800$1,000$500(AU) $2,500
EQ FICO---, EX FICO---, TU FICO---, AAOA 5 months, Utilization 70%, No delinquencies of any sort.
Inquiries on EQ: 19, Inquires on EX: 30, Inquiries on TU: 21, Gardening Since 06-25-14

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+