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FAKO or FICO??

Established Contributor

FAKO or FICO??

My husband appied for a Gymboree visa card, issued through US Bank. He was denied and got the letter of why he was denied yesterday. It said his TU 04 FICO score was 599.. was that a real FICO score or just US Banks scoring model? 

Message 1 of 7
6 REPLIES
Valued Contributor

Re: FAKO or FICO??


cwwatts1202 wrote:

My husband appied for a Gymboree visa card, issued through US Bank. He was denied and got the letter of why he was denied yesterday. It said his TU 04 FICO score was 599.. was that a real FICO score or just US Banks scoring model? 


That is the real FICO score.

 

TU has three models: TU98 which is what you get through MyFico, TU08 which is what you get through Walmart Credit Card, and TU04 which is what all lenders use supposedly and can't get unless lender pull.

"I am become death, the destroyer of worlds"
Message 2 of 7
Established Contributor

Re: FAKO or FICO??


tonyjones wrote:

cwwatts1202 wrote:

My husband appied for a Gymboree visa card, issued through US Bank. He was denied and got the letter of why he was denied yesterday. It said his TU 04 FICO score was 599.. was that a real FICO score or just US Banks scoring model? 


That is the real FICO score.

 

TU has three models: TU98 which is what you get through MyFico, TU08 which is what you get through Walmart Credit Card, and TU04 which is what all lenders use supposedly and can't get unless lender pull.


Well that's good to know. At least we now know his mid score. TU was the only score we hadn't gotten an actual FICO of. Also good to know that credit karma's score is 50 points lower than the actual score. Smiley Happy

Message 3 of 7
Established Contributor

Re: FAKO or FICO??

Now I just gotta figure out why they denied him for having collections or public records when he has neither.

Message 4 of 7
Regular Contributor

Re: FAKO or FICO??

Because he was denied you can get a free copy of his TU credit report as long as you request it within 60 days.
Message 5 of 7
Epic Contributor

Re: FAKO or FICO??


tonyjones wrote:

cwwatts1202 wrote:

My husband appied for a Gymboree visa card, issued through US Bank. He was denied and got the letter of why he was denied yesterday. It said his TU 04 FICO score was 599.. was that a real FICO score or just US Banks scoring model? 


That is the real FICO score.

 

TU has three models: TU98 which is what you get through MyFico, TU08 which is what you get through Walmart Credit Card, and TU04 which is what all lenders use supposedly and can't get unless lender pull.


Not only do they have those scores, there are also bankcard enchanced scores.

 

Did they give you a score range. 

Message 6 of 7
Super Contributor

Re: FAKO or FICO??

Moving to understanding FICO scoring.
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 7 of 7