topic Re: Comenity Bank now uses VS 4.0? in Credit Cards

Comenity Bank now uses VS 4.0?

Anonymous — Mon, 09 Dec 2019 11:33:21 GMT

I requested for CLI on IKEA card, declined cuz says score was 548 but mine was 733?

Obviously they are using VS 4.0??????

Anyone can confirm on this?

Re: Comedity Bank now uses VS 4.0?

Jnbmom — Mon, 09 Dec 2019 06:25:34 GMT

@Anonymous wrote:
I requested for CLI on IKEA card, declined cuz says score was 548 but mine was 733?

Obviously they are using VS 4.0??????

Anyone can confirm on this?

Not sure but even though Vantage is a different formula, I don't see it being off by almost 200 points??

Re: Comedity Bank now uses VS 4.0?

Anonymous — Mon, 09 Dec 2019 07:39:31 GMT

VS4.0 seems to be a lot different. I dunno what kind of poop modal they are using, even my VS4.0 is 120 points lower than my fico. Due to this i cannot get synchrony to approve any kind of clis

Re: Comedity Bank now uses VS 4.0?

Anonymous — Mon, 09 Dec 2019 09:26:19 GMT

548 sounds like a home grown internal score. Did the AA letter specifically say it was VS.4.0?

Re: Comedity Bank now uses VS 4.0?

Anonymous — Mon, 09 Dec 2019 10:23:26 GMT

@Anonymous wrote:
548 sounds like a home grown internal score. Did the AA letter specifically say it was VS.4.0?

This. Please post the reasons on the letter when it arrives.

Re: Comenity Bank now uses VS 4.0?

I_Love_Cards — Mon, 09 Dec 2019 16:51:24 GMT

I was denied a CLI on my Williams Sonoma card last month. The letter listed an Equifax score (unknown model) of 630 as of October 6. My FICO8 was 701 at the time (and none of my other 87 FICO versions were near 630 either). I don’t know my Equifax vantage 4.0 but my TU V4.0 was 635-640 around that time. So it’s plausible it’s V4.0. The reason codes listed were kind of vantage-y (based on my Synch reports & letters - my primary seems to be not enough paid down on my mortgage). I decided that Comenity is using something other than a straight FICO score-perhaps with a vantage flair? But I am not jumping to say it’s obviously V4.0. It’s...not FICO. Or that particular one wasn’t.

Re: Comenity Bank now uses VS 4.0?

Anonymous — Mon, 09 Dec 2019 19:46:05 GMT

I got the PDF as a letter not in the mail and it came to this. I found that several cards hasnt been updated for the balance to be corrected so ingore that. But look at the score. I also see it says if you have issues, contact equfiax.

But, this, I'm confused, I dont have real estate loan lol

WTH?!

Re: Comenity Bank now uses VS 4.0?

Anonymous — Mon, 09 Dec 2019 20:24:16 GMT

@Anonymous wrote:
I got the PDF as a letter not in the mail and it came to this. I found that several cards hasnt been updated for the balance to be corrected so ingore that. But look at the score. I also see it says if you have issues, contact equfiax.

But, this, I'm confused, I dont have real estate loan lol

WTH?!

Those are indeed VantageScore reason codes:

https://www.reasoncode.org/code/921/68/lack-real-estate-secured-loan-information

https://www.reasoncode.org/code/896/43/too-many-revolving-accounts-high-balance-compared-credit-lim

Re: Comenity Bank now uses VS 4.0?

Anonymous — Mon, 09 Dec 2019 20:46:21 GMT

@Anonymous wrote:
I got the PDF as a letter not in the mail and it came to this. I found that several cards hasnt been updated for the balance to be corrected so ingore that. But look at the score. I also see it says if you have issues, contact equfiax.

But, this, I'm confused, I dont have real estate loan lol

WTH?!

You seem to be misinterpreting, they agree with you! You do not have a secured real-estate loan (e.g mortgage against a house or similar) and so that counts against you as not having a variety of credit types. Impacts FICO too.

Re: Comenity Bank now uses VS 4.0?

Anonymous — Mon, 09 Dec 2019 21:26:43 GMT

@Anonymous wrote:
@Anonymous wrote:
I got the PDF as a letter not in the mail and it came to this. I found that several cards hasnt been updated for the balance to be corrected so ingore that. But look at the score. I also see it says if you have issues, contact equfiax.

But, this, I'm confused, I dont have real estate loan lol

WTH?!

You seem to be misinterpreting, they agree with you! You do not have a secured real-estate loan (e.g mortgage against a house or similar) and so that counts against you as not having a variety of credit types. Impacts FICO too.

I have not seen FICO reason codes mention lack of a mortgage, only installment loans in general. Whenever I see the "lack of real estate secured loan information" reason code, I already know its VS.

https://www.fico.com/en/resource-download-file/3425

Re: Comenity Bank now uses VS 4.0?

Anonymous — Mon, 09 Dec 2019 22:00:33 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I got the PDF as a letter not in the mail and it came to this. I found that several cards hasnt been updated for the balance to be corrected so ingore that. But look at the score. I also see it says if you have issues, contact equfiax.

But, this, I'm confused, I dont have real estate loan lol

WTH?!

You seem to be misinterpreting, they agree with you! You do not have a secured real-estate loan (e.g mortgage against a house or similar) and so that counts against you as not having a variety of credit types. Impacts FICO too.
I have not seen FICO reason codes mention lack of a mortgage, only installment loans in general. Whenever I see the "lack of real estate secured loan information" reason code, I already know its VS.

https://www.fico.com/en/resource-download-file/3425

Sorry, I meant lack of variety of credit types also counts against you for FICO.