topic Re: BBY is Screwy!! in Credit Cards

BBY is Screwy!!

Anonymous — Wed, 20 Jul 2011 20:17:10 GMT

Just as the title says....

Applied for a BBY Store Card...a couple weeks ago....they pulled TU....my TU FICO was listed at the time at 650....

They listed on my deny report a score of 580....

**bleep** is that about?!

Also, my TU score went up 20 points today

Should I try calling someone and re-applying?

I got re-approved w/ my upped score for the Home Depot card I needed for when I get into my house..... <--- EXCITED about that!

But would still like a shot at BBY Store Card.....question also is, if they do another pull will it be considered 2 inq. (not a HUGE deal as score went up)

Re: BBY is Screwy!!

Anonymous — Wed, 20 Jul 2011 20:25:06 GMT

I noticed you said when you get your house, you may want to to hold off til after you close on your house to apply for more credit.....

Re: BBY is Screwy!!

Anonymous — Wed, 20 Jul 2011 21:27:30 GMT

@Anonymous wrote:
I noticed you said when you get your house, you may want to to hold off til after you close on your house to apply for more credit.....

^^ fully agree....was just curious now that ive found the time if anyone on here can explain the MASSIVE difference between the FICO score and whatever the heck BBY says they pulled from TU.

Re: BBY is Screwy!!

clocktick — Wed, 20 Jul 2011 21:32:35 GMT

Congrats on your HD card!

What is BBY? They could be using a different version of TU. On here I believe it TU98 but the newer one is TU04. There's some discussion of it here: http://ficoforums.myfico.com/t5/Credit-Cards/Walmart-Credit-Card-Users-FREE-Fico-Scores-are-available/td-p/978998

Re: BBY is Screwy!!

trumpet-205 — Wed, 20 Jul 2011 22:49:53 GMT

First of, there are a lot of FICO scoring models floating around. For TU, there are TU04 and TU98, and they score your credit report differently.

Second, are you sure BBY explicitly said it is a FICO score? Some lenders use their own proprietary scoring models, and some lenders use Vantage scoring models.

Re: BBY is Screwy!!

Anonymous — Thu, 21 Jul 2011 15:34:53 GMT

BBY is Best Buy....and it was the Store Card....

And does anyone out there know what system they use?

I dont care as much now, but it could come in handy.....

OR should I just wait and on close apply for the American TV card? I hear it may be easier to get and they have furniture....

Re: BBY is Screwy!!

Anonymous — Wed, 27 Jul 2011 13:15:44 GMT

It happened AGAIN....

According to Lowe's denial for my request a couple weeks ago, their "version" of my TU score was somewhere in the 400's...

What scoring are they using?!

IF they are using the new scoring, how the heck is that TU so much lower than my FICO TU (670)

Re: BBY is Screwy!!

trumpet-205 — Wed, 27 Jul 2011 14:42:00 GMT

@Anonymous wrote:
It happened AGAIN....

According to Lowe's denial for my request a couple weeks ago, their "version" of my TU score was somewhere in the 400's...

What scoring are they using?!

IF they are using the new scoring, how the heck is that TU so much lower than my FICO TU (670)

I'm telling you, there are multiple FICO scoring models available. Each score your report differently. Some lenders even use their own scoring models or Vantage scoring models. For your information TU has 13 FICO scoring models. myFICO provides TU98, a classic FICO scoring model.

Re: BBY is Screwy!!

Anonymous — Wed, 27 Jul 2011 14:54:19 GMT

@trumpet-205 wrote:
I'm telling you, there are multiple FICO scoring models available. Each score your report differently. Some lenders even use their own scoring models or Vantage scoring models. For your information TU has 13 FICO scoring models. myFICO provides TU98, a classic FICO scoring model.

I get what you're saying, but a 200 pt difference....WOW!

Re: BBY is Screwy!!

Anonymous — Wed, 27 Jul 2011 15:14:27 GMT

Hey braves,

You may have posted this before -

I see that you are listing all 3 scores. Sorry if I missed this in your post - but where are you pulling all 3 scores from?

Re: BBY is Screwy!!

Anonymous — Wed, 27 Jul 2011 15:21:04 GMT

@Anonymous wrote:
Hey braves,

You may have posted this before -

I see that you are listing all 3 scores. Sorry if I missed this in your post - but where are you pulling all 3 scores from?

The EQ and TU scores are MyFICO from here and the EX is from mortgage loan pulls....

I get continuous updates on my EQ through ScoreWatch and have purchased 3 TU's scores (this is getting expensive) from here as well....so it keeps me pretty updated.

Re: BBY is Screwy!!

Anonymous — Wed, 27 Jul 2011 15:29:10 GMT

oh super!

Did Lowe's, by any chance, send you a letter with the TU score on it?

And - I'm so out of your loop - did you get a mortgage pre-approval and will be going in for the mortgage itself shortly?

Re: BBY is Screwy!!

Anonymous — Wed, 27 Jul 2011 15:37:25 GMT

@Anonymous wrote:
oh super!

Did Lowe's, by any chance, send you a letter with the TU score on it?

And - I'm so out of your loop - did you get a mortgage pre-approval and will be going in for the mortgage itself shortly?

Yes, I would have to look it up and find it again, but it was in the 470 range....

And yes, we are in through the loan process and I was instructed that no more credit pulls will occur as our LO has already done multiple pulls through each CRA.

Im also curious if anyone knows this....once I start paying on my mortgage and it starts reporting, will I have a better or worse chance at obtaining credit?

^^ Mainly I am curious for one purpose only....I will need to buy furniture and was curious about getting a card for a furniture store so I can get 24 mo. financing as at that time I more than likely will not be able to pay out of pocket.

Re: BBY is Screwy!!

Anonymous — Wed, 27 Jul 2011 15:44:05 GMT

@Anonymous wrote:
@Anonymous wrote:
oh super!

Did Lowe's, by any chance, send you a letter with the TU score on it?

And - I'm so out of your loop - did you get a mortgage pre-approval and will be going in for the mortgage itself shortly?

Yes, I would have to look it up and find it again, but it was in the 470 range....

And yes, we are in through the loan process and I was instructed that no more credit pulls will occur as our LO has already done multiple pulls through each CRA.

Im also curious if anyone knows this....once I start paying on my mortgage and it starts reporting, will I have a better or worse chance at obtaining credit?

^^ Mainly I am curious for one purpose only....I will need to buy furniture and was curious about getting a card for a furniture store so I can get 24 mo. financing as at that time I more than likely will not be able to pay out of pocket.

Don't be surprise if they pull again just before closing, even though they told you they would not, I have found theres always surprises I personally would stop applying til after closing but maybe they are right just saying.....

Re: BBY is Screwy!!

Anonymous — Wed, 27 Jul 2011 16:01:10 GMT

@Anonymous wrote:
Don't be surprise if they pull again just before closing, even though they told you they would not, I have found theres always surprises I personally would stop applying til after closing but maybe they are right just saying.....

Yeah, not applying for anything else....

Just real curious about the way Best Buy and Lowe's pulls their numbers given what I know I have....that and Home Depot approving me flat out is a head scratcher for those denials...

I was just more curious about my last question as like I said, will need furniture....can get fixtures and appliances from Home Depot, a little at a time....