topic Re: Scoring Model Range of 300- 620??? in General Credit Topics

Scoring Model Range of 300- 620???

toi34 — Wed, 17 Mar 2021 21:34:37 GMT

I was recently approved for the PayPal 2% Cashback Mastercard and Synchrony sent me a notice saying I didn't get the best interest rate due to my score, which is out of a low of 300 to a high of 620.

Anybody know what model this is?

Re: Scoring Model Range of 300- 620???

thornback — Wed, 17 Mar 2021 21:50:12 GMT

Seems to be some internal scoring model - there are a few posts going back to 2015 referencing that score range for Sync. It's certainly not FICO or Vantage.

Congrats on your approval!

Re: Scoring Model Range of 300- 620???

CreditMagic7 — Wed, 17 Mar 2021 22:09:48 GMT

Congratulations on your approval!

Yes banks like Syn and others use a internal scoring system often, or so they say, to draw up start limits, APR rates, line increases etc. Even for offers.

Re: Scoring Model Range of 300- 620???

Anonymous — Thu, 18 Mar 2021 01:33:21 GMT

@toi34 wrote:
I was recently approved for the PayPal 2% Cashback Mastercard and Synchrony sent me a notice saying I didn't get the best interest rate due to my score, which is out of a low of 300 to a high of 620.

Anybody know what model this is?

I would think somewhere on your paperwork probably in fine print at the bottom it should state what the scoring model is to go along with that range.