Credit Cards Center Credit cards from our partners
Reply
Highlighted
Regular Contributor
Posts: 159
Registered: ‎02-21-2008
0

MyFico TU score 220 points off from rejection letter!

What the hell is going on here?

 

I was trying to improve my amount of revolving credit by applying for a walmart discover and they emailed me a rejection letter stating that my TU score was 422!

 

According to MyFico my TU score is 642.

 

A side note, my BofA Secured card rejection (OUCH!) letter listed my EX score as 600 which is spot on with my EX FAKO.

 

Can someone help me figure this out?


Starting Score: 556
Current Score: 672, 681, 692
Goal Score: 700, 700, 700


Take the myFICO Fitness Challenge
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: MyFico TU score 220 points off from rejection letter!

Wal-Mart Discover is backed by GECRB. They use their own internal score that tops 600-something IIRC.

Regular Contributor
Posts: 159
Registered: ‎02-21-2008
0

Re: MyFico TU score 220 points off from rejection letter!

Oh, I see that now

 

Your Credit Score: 422
Date: 12/19/2012
Scores range from a low of 300 to a high of 620

 

Still, that means I'm at 58% with FICO and 38% with their internal score. Pretty whack. I thought Discover was supposed to be easy to get? And not even offered a straight wal mart card instead? Blah!

 

Anyway, thanks for the clarification.


Starting Score: 556
Current Score: 672, 681, 692
Goal Score: 700, 700, 700


Take the myFICO Fitness Challenge
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: MyFico TU score 220 points off from rejection letter!

The Discover-branded Wal-Mart card doesn't use Discover or Discover's credit standards. They only use their network. It's just like my DW's BofA Amex CC. Even though it has an Amex logo, it isn't an Amex and BofA doesn't pull from Amex when deciding approval.

 

Who knows. You might apply with Discover today and get approved. That happened to me about 3 yrs ago. GECRB kept denying me for everything even with FICOs in the mid-700s. I couldn't get approved for a Wal-Mart, Mens Wearhouse, JCP, etc. Others got approved with FICOs in the low 600s and that made me mad that I couldn't get approved. So right after being denied for Wally World, I applied for an Amex and Discover and got approved just to boost my ego a bit. There's something about GECRB's internal score that hated me for whatever reason. It wasn't until years later when my score dropped back into the high 600s when I tried again and got approved for a Paypal SmartConnect.

Blogger
Posts: 3,360
Registered: ‎10-19-2012
0

Re: MyFico TU score 220 points off from rejection letter!

If you see a credit score that doesn't specifically mention FICO, it is not a FICO  score. Non-FICO scores have zero applicability.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.