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Frequent Contributor
Posts: 286
Registered: ‎12-14-2013
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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
Posts: 286
Registered: ‎12-14-2013
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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

Epic Contributor
Posts: 23,814
Registered: ‎10-23-2007
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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- 662., TU 684 Barclay, EX 700 (3/21/15)

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Valued Contributor
Posts: 1,936
Registered: ‎03-30-2012
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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 1/12/2014: TU FICO: 660 | EQ FICO: 665 | EX AMEX FICO: TBD

In my new wallet: American Express Green EMV: PSL $2000 | BankAmericard Cash Rewards Visa EMV: $2500 | BarclayCard Rewards Average: $2000 | Travelocity Rewards AMEX: $1050 | Discover IT: $1500 | Amazon Rewards Visa: $1500 | Chase Freedom: $1500 | Sportsman's Guide Visa: $3000 | Capital One QuicksilverOne MasterCard: $1600 | Target: $700 | J.Crew $9950
Valued Contributor
Posts: 5,137
Registered: ‎01-04-2014
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Re: Old Navy denial letter but score is way off

gecrb "Superbank!"

Has a nice ring to it. Good one LoL

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Senior Contributor
Posts: 3,852
Registered: ‎10-02-2012
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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.

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