topic Re: Penfed Fico 9 in Credit Cards

Penfed Fico 9

gurusexy — Sun, 20 Aug 2017 18:36:07 GMT

Not sure if I just missed it because I havent seen anyone talking baout it? Just checked my Penfed score and it says Penfed has switched from NextGen to Fico 9? Any one know if they are using Fico 9 now for application decisions?

Penfed changed their FICO score system?

Gmood1 — Sun, 20 Aug 2017 18:09:28 GMT

Re: Penfed changed their FICO score system?

Anonymous — Sun, 20 Aug 2017 18:13:35 GMT

Good to know. My fico 9 is up there. So Penfed and Nfcu use the same model.

Re: Penfed Fico 9

AverageJoesCredit — Sun, 20 Aug 2017 18:38:16 GMT

No clue but with my luck with Penfed, theyd probably be using Fico9 with everyone else and using a vantage score for me lol

Re: Penfed Fico 9

K-in-Boston — Sun, 20 Aug 2017 18:39:34 GMT

Oh I hope not! I'll have to see what score is showing now. Last I checked it was still my May NextGen. My NextGen scores have been great compared to my FICO 08 scores. FICO 09 from NFCU was a rude awakening for me; considerably lower.

Re: Penfed changed their FICO score system?

AverageJoesCredit — Sun, 20 Aug 2017 18:39:57 GMT

Oh great, one more way for PF to keep me down

Re: Penfed Fico 9

K-in-Boston — Sun, 20 Aug 2017 18:43:56 GMT

Grrr. Just checked. I had a 785 NextGen score showing as recently as a few days ago. Now I have a 702 FICO 09 score. I know they're two different scales but the FICO 09 really does not like my profile as they seem to be 30-45 lower than 08 for me.

You may notice a change in your displayed credit score as PenFed recently switched from the FICO® NextGen 2.0 credit score to FICO® V9 credit score. The two scores have different ranges with FICO® NextGen 2.0 credit score ranging from 150 to 950 and FICO® V9 credit score ranging from 300 to 850.

Re: Penfed Fico 9

Anonymous — Sun, 20 Aug 2017 18:44:45 GMT

@gurusexy wrote:
Not sure if I just missed it because I havent seen anyone talking baout it? Just checked my Penfed score and it says Penfed has switched from NextGen to Fico 9? Any one know if they are using Fico 9 now for application decisions?

Thanks for pointing this out. News to me and as they say they are now using FICO 9 to 'manage' accounts, I would assume that at least for credit cards that is the score that they are using. Of course just like when NFCU first reported FICO 9 scores, under factors affecting my score it shows

Serious delinquency
FICO® Scores consider the presence of a serious delinquency (very late payment) on a person's credit report as a powerful predictor of future payment risk. Your score was impacted because your credit report shows one or more serious delinquencies.

I have no late payments or delinquency of any kind on my reports so hopefully they remove that before too long. Exact same thing was on many people's NFCU FICO 9 scores when they were introduced.

Re: Penfed Fico 9

Anonymous — Sun, 20 Aug 2017 18:46:59 GMT

@K-in-Boston wrote:
Grrr. Just checked. I had a 785 NextGen score showing as recently as a few days ago. Now I have a 702 FICO 09 score. I know they're two different scales but the FICO 09 really does not like my profile as they seem to be 30-45 lower than 08 for me.

You may notice a change in your displayed credit score as PenFed recently switched from the FICO® NextGen 2.0 credit score to FICO® V9 credit score. The two scores have different ranges with FICO® NextGen 2.0 credit score ranging from 150 to 950 and FICO® V9 credit score ranging from 300 to 850.

My FICO 9 score is 750, 45 points lower than FICO 8

Re: Penfed Fico 9

K-in-Boston — Sun, 20 Aug 2017 18:49:47 GMT

Well yeah Irish, with your history of delinquency that's to be expected! Thanks for trying to make me feel better, though. The reasons it gives me are revolving balances too high and proportion of balances to credit limits too high, which are both true.

Re: Penfed Fico 9

Meanmchine — Sun, 20 Aug 2017 18:56:26 GMT

OMG PLEEEZE let them use Vantage3. My Vant EQ is 789 compared to Fico8 EQ 710

Id be happy with FICO9 as that is +30 points

Re: Penfed Fico 9

csryang — Sun, 20 Aug 2017 18:57:54 GMT

how do I check my penfed fico 9 score?

Re: Penfed Fico 9

Anonymous — Sun, 20 Aug 2017 19:05:42 GMT

@csryang wrote:
how do I check my penfed fico 9 score?

Log into your account and it's displayed at very top of page buty ou have to have a credit product and your account must have been ARed in thier most recent soft pulls. So the account has to be several months old at least.

Re: Penfed Fico 9

Appleman — Sun, 20 Aug 2017 19:56:45 GMT

Thanks for pointing this out. My FICO 09 scores happen to be my highest compared to older models.

Re: Penfed Fico 9

happypill — Sun, 20 Aug 2017 20:03:07 GMT

@Anonymous wrote:
@csryang wrote:
how do I check my penfed fico 9 score?
Log into your account and it's displayed at very top of page buty ou have to have a credit product and your account must have been ARed in thier most recent soft pulls. So the account has to be several months old at least.

Nothing at the top of my screen, not sure why.

I did get AR'd recently I think. I got some offers for the first time about 1-2 months agao (accounts open for 6+ monts at that time). It was weird though, because I was offered $15k loans on pretty much everything. I looked today and had offers of $40-50k on everything, with new & used card being the highest. I think they like my FICO 09 or something, but I can't seem to see what it is.

Re: Penfed Fico 9

BRIVERS73 — Sun, 20 Aug 2017 20:16:09 GMT

@happypill wrote:
@Anonymous wrote:
@csryang wrote:
how do I check my penfed fico 9 score?
Log into your account and it's displayed at very top of page buty ou have to have a credit product and your account must have been ARed in thier most recent soft pulls. So the account has to be several months old at least.
Nothing at the top of my screen, not sure why.

I did get AR'd recently I think. I got some offers for the first time about 1-2 months agao (accounts open for 6+ monts at that time). It was weird though, because I was offered $15k loans on pretty much everything. I looked today and had offers of $40-50k on everything, with new & used card being the highest. I think they like my FICO 09 or something, but I can't seem to see what it is.

Mine was blank too. I tried switching browsers [From Chrome to Edge] because sometimes I have issues with Chrome displaying everything on a page and my Fico score finally revealed itself in Microsoft Edge. My score went down to 804 from 829

Re: Penfed Fico 9

Anonymous — Sun, 20 Aug 2017 20:16:42 GMT

@happypill wrote:
@Anonymous wrote:
@csryang wrote:
how do I check my penfed fico 9 score?
Log into your account and it's displayed at very top of page buty ou have to have a credit product and your account must have been ARed in thier most recent soft pulls. So the account has to be several months old at least.
Nothing at the top of my screen, not sure why.

I did get AR'd recently I think. I got some offers for the first time about 1-2 months agao (accounts open for 6+ monts at that time). It was weird though, because I was offered $15k loans on pretty much everything. I looked today and had offers of $40-50k on everything, with new & used card being the highest. I think they like my FICO 09 or something, but I can't seem to see what it is.

That's strange. You don't see this:

Re: Penfed Fico 9

happypill — Sun, 20 Aug 2017 20:20:19 GMT

Yeah, looks like mine was a Chrome issue as well. Changed to a different browser and there it was. I do believe I have seen it in Chrome in the past though. Not sure what the issue is.

Re: Penfed Fico 9

AverageJoesCredit — Sun, 20 Aug 2017 20:26:16 GMT

Dont have it. Looks like another one i wont be able to see . With my Eq frozen, nobody can display my scores

Re: Penfed Fico 9

Gmood1 — Sun, 20 Aug 2017 20:30:09 GMT

@AverageJoesCredit wrote:
Dont have it. Looks like another one i wont be able to see . With my Eq frozen, nobody can display my scores

Well unfreeze it goof. 😁