Reply
Established Contributor
cwwatts1202
Posts: 689
Registered: ‎12-01-2011
0

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? 

Established Contributor
tonyjones
Posts: 520
Registered: ‎04-22-2013
0

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.


Gardening from July 2014 ... to September 2016
      
Established Contributor
cwwatts1202
Posts: 689
Registered: ‎12-01-2011
0

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. :smileyhappy:

Established Contributor
cwwatts1202
Posts: 689
Registered: ‎12-01-2011
0

Re: FAKO or FICO??

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

Regular Contributor
themizlyne
Posts: 185
Registered: ‎07-06-2013
0

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.
Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008
0

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. 

Moderator
pizzadude
Posts: 9,674
Registered: ‎01-28-2010
0

Re: FAKO or FICO??

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

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+
}