cancel
Showing results for 
Search instead for 
Did you mean: 

Wells Fargo Auto Loan

tag
tryingforgoals
Valued Member

Wells Fargo Auto Loan

So I applied for a Wells Fargo Auto Loan and got denied. My score on the paper was TransUnion 593 [FICO Risk Score Classic '98], that was on April 17 2013. I checked my TransUnion score on here and it was a 632. That was on April 20, 2013. From my understanding, myFICO uses TU98 as well. Did my score jump that high in 3 days or  is something different here?

Capital One Secured Card (8/2020):$200 Capital One QuickSilver (1/2022):$900 Chime Credit Builder (9/2020) Capital One SavorOne Student (11/2021): $1,000.00
Starting Score:
TU:569(1/2021) EQ:529 (1/2021) EX:595 (1/2021)
Current Score: TU:626(02/2022)EQ:634(03/2022) EX:635 (03/2022)
Goal Score: TU & EQ: 700+
Message 1 of 4
3 REPLIES 3
thom02099
Valued Contributor

Re: Wells Fargo Auto Loan


@tryingforgoals wrote:

So I applied for a Wells Fargo Auto Loan and got denied. My score on the paper was TransUnion 593 [FICO Risk Score Classic '98], that was on April 17 2013. I checked my TransUnion score on here and it was a 632. That was on April 20, 2013. From my understanding, myFICO uses TU98 as well. Did my score jump that high in 3 days or  is something different here?


In addition to there being different models of TU reports, there are also "enhanced" versions.  The one that was pulled by WF was probably an auto enhanced score, used by many lenders to assess credit history, but weighted more heavily toward any current/past auto loans that a consumer has.  The TU score here is the consumer version of TU98, which is pretty vanilla as far as credit reports go.  No enhancements for auto, mortgage or credit card, which are the most frequently used enhancements. 

Message 2 of 4
llecs
Moderator Emeritus

Re: Wells Fargo Auto Loan

OP, was there a score range? Ditto to the auto-enhanced possibility. A score range can pinpoint the version if enhanced.

 

Did you have a report from the lender? I'd look for differences.

Message 3 of 4
tryingforgoals
Valued Member

Re: Wells Fargo Auto Loan

I think the score range was 330-800, it wasn't the 300-850 like on myFICO. Same with Navy Federal, except my Navy Federal and myFICO EQ matched, but the score range wasn't 300-850. I have to double check when I get home.

Capital One Secured Card (8/2020):$200 Capital One QuickSilver (1/2022):$900 Chime Credit Builder (9/2020) Capital One SavorOne Student (11/2021): $1,000.00
Starting Score:
TU:569(1/2021) EQ:529 (1/2021) EX:595 (1/2021)
Current Score: TU:626(02/2022)EQ:634(03/2022) EX:635 (03/2022)
Goal Score: TU & EQ: 700+
Message 4 of 4
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.