topic Re: Could my score have dropped like this, or is something else going on? in Understanding FICO® Scoring

Could my score have dropped like this, or is something else going on?

Anonymous — Fri, 22 May 2015 20:19:32 GMT

Barclays says my FICO score as of 3/25/15 is 779. I just got a credit limit increase refused by Chase because they say my FICO score on 5/7/15 was 721. Both are supposedly from Transunion. I got my Transunion credit report and found it looks pretty much like all my other credit reports; everything is OK, nothing bad. Other than applying for a credit card, I have done nothing from 3/25 to 5/7.

So, why did my credit score decline from 779 to 721? Or, is the FICO score from Barclays not comparable to the FICO score from Chase?

Re: Could my score have dropped like this, or is something else going on?

CH-7-Mission-Accomplished — Fri, 22 May 2015 23:02:50 GMT

Doesn't Chase use Experian? There are many FICO scores and each bureau has several based on version and enhancements.

Re: Could my score have dropped like this, or is something else going on?

Revelate — Sat, 23 May 2015 02:52:50 GMT

Welcome to the forums!

There is a slew of FICO scores available; while the TU FICO 8 is a pretty good benchmark for the current credit market (except mortgages and auto loans) it's not necessarily exact for any given lender.

Chase uses a mix of different scores, historically even some non-FICO ones (VantageScore for one), but unless it's explicitly stated which, or it can be matched to a known score, it's hard to determine which one.

@CH7 - Chase pulls all 3, EX predominantly but often will do reviews or a pull of a secondary EQ / TU. Saw them in a few places on my reports though the only HP I have for them is on EX from just over a year ago.

Re: Could my score have dropped like this, or is something else going on?

Anonymous — Sat, 23 May 2015 17:20:27 GMT

@Revelate wrote:
Welcome to the forums!

There is a slew of FICO scores available; while the TU FICO 8 is a pretty good benchmark for the current credit market (except mortgages and auto loans) it's not necessarily exact for any given lender.

Chase uses a mix of different scores, historically even some non-FICO ones (VantageScore for one), but unless it's explicitly stated which, or it can be matched to a known score, it's hard to determine which one.

@CH7 - Chase pulls all 3, EX predominantly but often will do reviews or a pull of a secondary EQ / TU. Saw them in a few places on my reports though the only HP I have for them is on EX from just over a year ago.

This^^^^

Re: Could my score have dropped like this, or is something else going on?

Anonymous — Sat, 23 May 2015 19:52:08 GMT

Are you sure the 721 score from Chase isn't a CARS score?