topic Re: Credit Score reporting in Credit Cards

Credit Score reporting

Anonymous — Tue, 13 Nov 2012 22:32:59 GMT

Going through some of my credit card stuff today. I know that if you are denied the (non)-lender has to give information about what led to the denial, including CRA and the negative factors and maybe a score. Is this optional if you are approved? With my card, Barclays listed my credit score from TU along with major reasons impacting score. I can't find any such thing from Fidelity and PenFed. Any idea why one lender will do this and others not?

Thanks

Re: Credit Score reporting

SnackTrader — Wed, 14 Nov 2012 02:15:27 GMT

Sometimes it is also due to not getting the "best" terms of the card. So if you don't get, for example, a 17.99% APR, and instead get a 22.99% APR, they give you your credit score.

Re: Credit Score reporting

beb86 — Wed, 14 Nov 2012 02:17:42 GMT

@SnackTrader wrote:
Sometimes it is also due to not getting the "best" terms of the card. So if you don't get, for example, a 17.99% APR, and instead get a 22.99% APR, they give you your credit score.

+1 the can still give you a score if approved. If you are denied or not approved at the best term like the post above states the have to issue the factors and a "credit score" that was used in their decision.....9/10 its not a FICO

Re: Credit Score reporting

Anonymous — Wed, 14 Nov 2012 02:26:11 GMT

@SnackTrader wrote:
Sometimes it is also due to not getting the "best" terms of the card. So if you don't get, for example, a 17.99% APR, and instead get a 22.99% APR, they give you your credit score.

Oh OK, might well be something like that. (It was 0% for 15 months, and then 17.99%) but a very small CL. Will probably close it as soon as my Cash Plus card arrives.