topic Re: US Bank using TU Fico 9 in Credit Card Applications

US Bank CLI using ancient link

toadsworth — Tue, 07 Aug 2018 03:52:06 GMT

My Cash+ hit the 6 month old mark, so I decided to try for the $1500 SP CLI using the very old link that is still floating around. Submitted it; whether approved or denied it takes up to 10 days, so fingers crossed!

Re: US Bank CLI using ancient link

UncleB — Sun, 19 Aug 2018 00:49:13 GMT

@toadsworth wrote:
My Cash+ hit the 6 month old mark, so I decided to try for the $1500 SP CLI using the very old link that is still floating around. Submitted it; whether approved or denied it takes up to 10 days, so fingers crossed!

Any word from U.S. Bank on the CLI yet?

US Bank using TU Fico 9

toadsworth — Wed, 22 Aug 2018 15:01:18 GMT

Used the old link that’s floating around for US Bank CLI a few weeks ago, and got a denial letter in the mail... the interesting part about it though: “We obtained your credit score from TransUnion and used it in making our credit decision. There are many versions of credit scores that are available to both financial institutions and consumers, the version used was TransUnion FICO Score 9”.

The weird thing, is they said my score was 748, and I was denied for “insufficient credit bureau file or references in file are too new to rate”. I have 2 years showing on my file and it’s thick, doesn’t seem to make sense?

Re: US Bank using TU Fico 9

Shadowfactor — Wed, 22 Aug 2018 15:52:54 GMT

That’s news to me.

USB has always been a mortgage score puller when it came to credit apps.

Very recently I did start getting hammered with preapprovals for RLOC, PLOC and premier loans from them.
I’ve never had any issues getting any credit products with USB as I bank with them but I’ve never exactly had preapprovals either.
I wonder if this scoring method change has improved my score as my mortgage scores weren’t great but weren’t bad either

Re: US Bank using TU Fico 9

K-in-Boston — Wed, 22 Aug 2018 15:59:07 GMT

They've been plying me with constant offers for the Altitude Reserve. At the time of my Cash+ app last year, the mortgage score they used for me was considerably higher than the one FICO 09 score I've seen (EQ), although my EQ09 has been climbing lately. When Navy and PenFed started using those, I was shocked how much lower my 09 was than my 08 (lots of reports of those with clean files having that, with those with dirty files having much better 09s)!

Re: US Bank using TU Fico 9

Anonymous — Wed, 22 Aug 2018 16:05:23 GMT

@K-in-Boston wrote:
They've been plying me with constant offers for the Altitude Reserve. At the time of my Cash+ app last year, the mortgage score they used for me was considerably higher than the one FICO 09 score I've seen (EQ), although my EQ09 has been climbing lately. When Navy and PenFed started using those, I was shocked how much lower my 09 was than my 08 (lots of reports of those with clean files having that, with those with dirty files having much better 09s)!

Confirm my clean credit reports with lower FICO 09 Scores over the FICO 08. Frustrating!

Re: US Bank using TU Fico 9

imaximous — Wed, 22 Aug 2018 18:44:34 GMT

Sorry guys, but I can't complain if this is the case now.
I don't know my TU Fico 9, but for reference, my EQ is 756 Fico 8 and 800 Fico 9.
My TU Fico 8 is 750 so I can only hope my Fico 9 is also up there.
When they approved me for my 2 USB cards, they used a scoring system that put me at 696 or so, while Fico 8 was in the 750s. This is good news for me