06-27-2013 06:41 AM
hello! wife wants a house in two years, so, we're rebuilding our credit. well, i'm rebuilding mine, she, an immigrant, is establishing some of her own.
i've got some negs on my report that should be gone by the end of 2014. that said, myFICO free trial score showed me a 678 equifax. using that as a basis, i apped for a Cap1 to get my first CC in a while, approved $1k.
also apped Amz Store card, for the variety and the nice terms on buying big items on amazon. that one was denied, citing a TU score of 576.
whoa, i said, so, i went ahead and shelled out $20 for the myFICO TU score. myFICO tells me it is 676. about the same issues that showed up on my equifax report.
i called GECRB's amazon number, and after waiting on hold a bit, they pretty much told me "take it up with TU."
plan on looking into finding a phone# for TU during lunch, but in the meanwhile, any ideas on what this means for me?
06-27-2013 12:02 PM
06-27-2013 01:27 PM
good point. to copy and paste the letter, it says "In addition, we also obtained an external credit score from the consumer reporting agency indicated above and used it in making our credit decision."
they never call it a FICO score. i suppose it is TU's FAKO.
oh, well. having this Cap 1 card open, on time, and minorly utilized for a few months will help out with two of the the listed complaints of
"LACK OF RECENT BANK/NATIONAL REVOLVING INFORMATION
LACK OF RECENT REVOLVING ACCOUNT INFORMATION"
thanks for the pointer. i'll chill out and see again in six months
06-27-2013 01:29 PM
06-27-2013 02:50 PM
mmm yes, copy and paste:
"Scores range from a low of 300 to a high of 850."
were you looking for a clue to what model they are using? i'm curious, obviously a newbie to credit management, but i like to learn new things
06-27-2013 02:59 PM - edited 06-27-2013 02:59 PM
06-27-2013 04:37 PM
06-27-2013 05:10 PM
Yes, it is possible that this is a FICO score ~ but unless the creditor explicitly states that it is, we can't really know for certain.
What other scores use that range? Possibly the Vantage score.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.