With that knowledge - the myfico score is basically useless and I will cancel.
What a bunch of bullsh*t.
myfico uses an older version of TU Fico that almost no one uses anymore (TU04), everyone uses TU08 now.
myfico sells TU98, not TU04. FICO 04 is the most widely used Fico scoring model. Some use FICO 8. Few still use FICO 04. Also, EQ Fico score sold by myfico is FICO04. So basically right on your basic facts but just wrong on the various numbers .
I've brought my score into the low 600s. I apped for the Walmart card and got the 7-10 day notice. Today I get an email saying it was declined and that my TU score was 414!
What gives??? I thought the TU FICO score here was the real deal?
I highly doubt this is a FICO score. Can you give us the exact language off of denial letter? What would be even more helpful would be the range of scores from that letter.
|Some information used to make this decision was obtained from the consumer reporting agency (agencies) listed below. This consumer reporting agency (agencies) did not make this credit decision and is unable to provide you with the specific reason(s) for our action. If you want a copy of your credit report, or if you think that there is an error in your credit report, please contact the consumer reporting agency.|
|T.U. CONSUMER RELATIONS|
2 BALDWIN PLACE, PO BOX 1000
CHESTER, PA 19022
I have one unpaid collection for student loans, the rest have been PFD. 6 months perfect history on an auto loan, 2 secured cards.
I have no public records. Never had a credit account in collections.
I only have 4 positive trade lines - auto loan, WF secured card, Cap1 secured card, Sears Citi. Other than that I have no recent credit.
And it appears to be the GE scoring model.
Apparently I can't win.