topic Re: Chase Freedom deny wrong score showing? in Credit Card Applications

Chase Freedom deny wrong score showing?

Hootrvil — Tue, 03 May 2016 21:16:16 GMT

Hi all--I have a question about a denial I got from Freedom Chase. My denial letter quoted an Equifaxscore of 619. My fico 8 score is currently 665. Why the big difference and should I call and see if they will review?

Thank you!

Re: Chase Freedom deny wrong score showing?

crrredit — Tue, 03 May 2016 21:35:18 GMT

The version of your FICO score they use is different from the version you can obtain. And it's surprising how different they can be.

Re: Chase Freedom deny wrong score showing?

Anonymous — Tue, 03 May 2016 21:36:45 GMT

Hello sorry that you got denied by Chase. Just want to let you know that Chase uses their own card risk scoring model. I recently got approved and when I received my card, my score was 40 points lower on their scoring model than on FICO 8. I was at 745 on fico 8 but came in at 706 on theirs.

Re: Chase Freedom deny wrong score showing?

Hootrvil — Wed, 04 May 2016 00:01:52 GMT

Wow that's good to know but disappointing, too. Wasted that HP!

Re: Chase Freedom deny wrong score showing?

meljeff1 — Wed, 04 May 2016 10:30:42 GMT

What was the reason for denial? You could call and request reconsideration of the app. That is what I did! My limit is low but if your ok with starting with a low limit you could probably get approved.

Re: Chase Freedom deny wrong score showing?

Anonymous — Thu, 05 May 2016 02:17:04 GMT

@Anonymous wrote:
Hello sorry that you got denied by Chase. Just want to let you know that Chase uses their own card risk scoring model. I recently got approved and when I received my card, my score was 40 points lower on their scoring model than on FICO 8. I was at 745 on fico 8 but came in at 706 on theirs.

How do you find out what score they obtained? I recently got the FU and Freedom and none had documents what score they used. I called and they stated they do not provide those scores -___-

Re: Chase Freedom deny wrong score showing?

Anonymous — Thu, 05 May 2016 18:58:15 GMT

@Anonymous wrote:
@Anonymous wrote:
Hello sorry that you got denied by Chase. Just want to let you know that Chase uses their own card risk scoring model. I recently got approved and when I received my card, my score was 40 points lower on their scoring model than on FICO 8. I was at 745 on fico 8 but came in at 706 on theirs.
How do you find out what score they obtained? I recently got the FU and Freedom and none had documents what score they used. I called and they stated they do not provide those scores -___-

The score should be on the back of the sheet where the card was attached.

Re: Chase Freedom deny wrong score showing?

Anonymous — Thu, 05 May 2016 20:30:08 GMT

I just learned of Chase's scoring model yesterday. In Jan, they scored me at 701. I've never hit 700. I was more around 640 and lower. They pulled ex and eq. Last week I got the chase FU, they gave me a 683.That actually is very close to my real scores. Ex is now 676 and eq is 682. I'm thinking the next time I app, I wait for the preapproval site to give me the best rate and offer. I actually got a higher interest rate this time, even tho my actual scores where higher than last time, but lower this time on their model.

Re: Chase Freedom deny wrong score showing?

RonM21 — Thu, 05 May 2016 20:51:11 GMT

Good data for someone like myself that didn't realize Chase used their own scoring model.