Established Contributor
Posts: 637
Registered: ‎07-24-2012
Re: Internal Scoring?

That sentence at the bottom just sounds like legalese for "We soft-pulled you recently so we didn't bother doing a fresh hard pull of your credit report".

 

Anyway, the point of FICO scores is a) many lenders do use them and b) they are often a component of these "internal" scores.  It's just that the internal scoring may involve adjusting your FICO up or down based on other information that FICO does not take into account (e.g. net worth, diversity of non-credit accounts, average monthly spending throughput, frequency of calling customer service, type of employment, etc.)

Starting: EQ 622 (myFICO 7/7/12), EX 696 (TU FAKO 8/14/12), TU 621 (CK TransRisk 7/24/12), Total CL $1k on 2 TLs
Current: EQ 709 (CCT 2/4/15), EX 704 (CCT 2/4/15) , TU 702 (CCT 2/4/15), Total CL $110.3k on 14 TLs Goal: 740+ x3
My Wallet: Amex BCP $30k, Chase United Explorer $16k, Amex SPG $13.5k, Barclaycard Ring MC $12.5k, Chase CSP VS $12.2k, Discover it $10.5k, C1 Venture VS $6.5k, Chase Slate $3.5k, Amex Hilton Surpass $2k, Barclaycard Apple V $2k, Chase Freedom V $1100, BoA Cash Rewards V $500, Citi BestBuy $500
My Loans: Prosper $25k/36mo, Prosper $17k/36mo
My Business: Chase Ink VS $5k, Amex BRG NPSL (> 10k),