topic Re: What was your NFCU internal score number? in General Credit Topics

What was your NFCU internal score number?

Anonymous — Thu, 11 May 2017 22:06:56 GMT

Trying to make sense of it, and figure out what the correlation between score and SL might be.

Scoring range: 100-450

My score: 321

My SL:$22,100

Obviously many other things play into this, but I've been wondering about the NFCU score generally.

Re: What was your NFCU internal score number?

SouthJamaica — Fri, 12 May 2017 03:21:02 GMT

@Anonymous wrote:
Trying to make sense of it, and figure out what the correlation between score and SL might be.

Scoring range: 100-450

My score: 321
My SL:$22,100

Obviously many other things play into this, but I've been wondering about the NFCU score generally.

How do you find out your internal score?

Re: What was your NFCU internal score number?

BIGSTARXXX — Fri, 12 May 2017 14:04:31 GMT

My internal score was 328

SL was 1,000

TU was 690 at the time (no baddies at the time except a discharged Ch 13 that was over 1 year old)

TU now is 777 (clean file)

Util at time was 3%, Income of 168K, DTI is 4%

yea, a 1K SL .... trying to figure out SL's for NFCU is like throwing a dart .. blindfolded

Re: What was your NFCU internal score number?

RobertEG — Fri, 12 May 2017 18:34:33 GMT

Under FCRA 603(d)(2), the term "consumer report" excludes "any report containing information solely as to transaction or experiences between the consumer and the person making the report."

Consumer reporting agencies are defined under FCRA 603(f) as collecting information for the purpose of making it available to third parties for a fee.

Thus, creditors who keep and use their own information are not credit reporting agencies, and any internal reports are exempt from the FCRA disclosure requirments relating to credit reports and scores.

Re: What was your NFCU internal score number?

Glen_M — Fri, 12 May 2017 19:18:07 GMT

@SouthJamaica wrote:
How do you find out your internal score?

I've seen some people who have applied for a credit card with them say that they received a letter telling them what their NFCU internal score was, approvals and denials.

Not sure if the CLOCs have provided similar results or not.

Re: What was your NFCU internal score number?

Glen_M — Fri, 12 May 2017 19:18:35 GMT

@RobertEG wrote:
... creditors who keep and use their own information are not credit reporting agencies, and any internal reports are exempt from the FCRA disclosure requirments relating to credit reports and scores.

No one said otherwise. Or were you trying to make a point about how it was interesting that NFCU was divulging something about their internal scoring system, or even admitting that it existed?

Re: What was your NFCU internal score number?

Anonymous — Fri, 12 May 2017 22:25:55 GMT

@SouthJamaica wrote:
@Anonymous wrote:
Trying to make sense of it, and figure out what the correlation between score and SL might be.

Scoring range: 100-450

My score: 321
My SL:$22,100

Obviously many other things play into this, but I've been wondering about the NFCU score generally.
How do you find out your internal score?

They send you a letter when you open a card (and probably when you are denied) with the score listed. Mine came about a week or so after the card was opened.