Frequent Contributor
TheConductor
Posts: 492
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)
Current: EQ 670 (myFICO 9/8/14), EX 694 (Prosper 7/17/14) , TU 693 (WalMart 9/2/14) Goal: 700+ x3
My Wallet: Amex BCP $30k, Chase CSP VS $12.2k, Amex Zync NPSL (> 10k), C1 Venture VS $5k, Amex SPG $4.5k, Walmart (Store) $2.5k, Barclaycard Apple V $2k, Chase Freedom V $1100, BoA Cash Rewards V $500, Best Buy Rewards MC $500
My Loans: Prosper $25k/36mo
My Business: Chase Ink VS $5k