Ok...Now I'm really confused.

[mocha82]

I applied for credit today (declined) and I was given my Equifax score as required by the new law.  The score that was given was 608 vs here on myFico 569.  Both scores were generated today. HUGE difference.  If the score that was given was delivered from Equifax is it really a true FICO score?  The new law states that it is a FICO or vantage score scale.  The range that it gives is from 300-850 so I'm assuming it's a true FICO b/c Vantagescore goes higher than 850.  But how could the scores be so different from myfico.com?  So many ???s

[GregB]

Was it a CC application? I'm going to assume it was.

The EQ FICO here is Beacon 5.0. Ubiquitous in the Mortgage Industry and very common elsewhere.

If this was a Bankcard app, they could have used Beacon 5.0 Bankcard Industry Option. This is supposed to be a better score for predicting default on a Bankcard application. I see your score was better than the Beacon 5.0 that you pulled here. The Bankcard Industry Option is really fine tuning and it is surprising to see that much improvement in score unless you are much stronger in your CC accounts than Mortgage and Installment credit.

There is also a Beacon 9.0 and the Bank Industry Option for that. These are minor improvments over the 5.0 versions. Same score range but trying to improve the minor details - mostly to try to pick out customers more likely to be 90+ late in the next 24 months.

My best guess is that the bank used Beacon 9.0 Bank Industry Option and you were more likely to be approved by them using that.

[mocha82]

Thank you for your response.   It was for GE Money Bank for their CreditCare account.  Just when I think I have this score tracking thing down... lol

[llecs]

+1 to Greg