topic Re: General question about applying or a card. You know the company to in Credit Cards

General question about applying for a card. You know the company to

Anonymous — Wed, 05 Nov 2014 23:10:09 GMT

which you are applying is going to pull both EQ and EX. What happens when one of the two is reporting a much higher score than the other one. Does the cc company takes the lower score, the higher one, average them out or what?

Re: General question about applying or a card. You know the company to

Anonymous — Wed, 05 Nov 2014 23:02:45 GMT

I would assume that every issuer is different. Some would weigh a TU score as more valuable than an EX score, for instance. I doubt it's as black and white as simply going with the report that yeilds the highest score when determining your approval.

Re: General question about applying or a card. You know the company to

Anonymous — Wed, 05 Nov 2014 23:09:52 GMT

Score is only a part of what creditors look at. If they pull both reports its because they want to see what the content of both reports is. My reports have exactly the same things in them, but differ by about 20 points. What's inside of those reports is more important IMO.

Re: General question about applying or a card. You know the company to

Anonymous — Wed, 05 Nov 2014 23:11:27 GMT

In my case I'm talking about. 75 point difference and both show the same thing

Re: General question about applying or a card. You know the company to

Anonymous — Wed, 05 Nov 2014 23:13:36 GMT

@Anonymous wrote:
In my case I'm talking about. 75 point difference and both show the same thing

Right, but what I'm saying is creditors don't just see your score and go "NOPE!". They look through your reports, especially on a manual review.

Re: General question about applying or a card. You know the company to

Anonymous — Wed, 05 Nov 2014 23:18:26 GMT

@Anonymous wrote:
@Anonymous wrote:
In my case I'm talking about. 75 point difference and both show the same thing
Right, but what I'm saying is creditors don't just see your score and go "NOPE!". They look through your reports, especially on a manual review.

Thanks. Good to know

Re: General question about applying for a card. You know the company to

Involver — Wed, 05 Nov 2014 23:41:51 GMT

Focus less on the score and more on what's in the report. If you're free of major derogs and late pays on both you shouldn't worry.

Re: General question about applying or a card. You know the company to

Shock — Wed, 05 Nov 2014 23:47:59 GMT

@Anonymous wrote:
Score is only a part of what creditors look at. If they pull both reports its because they want to see what the content of both reports is. My reports have exactly the same things in them, but differ by about 20 points. What's inside of those reports is more important IMO.

This brings up a concern of mine that I've pondered for a while...

Assuming all your reports are clean and show the same thing, if you have 0 inquiries across all bureaus, shouldnt your FICO be the same on all 3 reports?

My answer to this is that the three bureaus use different algorhythms, but I'm not sure..

can anybody shed light on this?

Re: General question about applying for a card. You know the company to

MoreRewards — Thu, 06 Nov 2014 00:45:38 GMT

I think your answer is correct shock. But I don't know for sure.