Re: Internal Scoring?
10-10-2012 09:49 AM
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.)
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