Auto Loan - What scoring model is this?

[BGinVA]

As I've stated in a prior thread, as part of my loan app process, I was denied by 2 banks and approved by 3 that I know of.  So yesterday in the mail I received one of the official denial letters and it stated my score was 679 and "scores range from a low of 250 to a high of 843".  Never heard of a scoring model that runs those ranges.  They said they got their info from Equifax if it makes a difference.  Just curious if anyone knows. 

[Creditaddict]

This is most likely an "Auto-Enhanced Fico" which we as consumers are unable to get until after we let a dealer pull them!

Not sure if this is typical Auto-Enhanced Fico but I know personally I feel this letter being sent to consumers if denied that is required now as part of the credit law falls short a little. It should have required FICO scores only.

I got one with a score range of like 320-1200 or something crazy... I don't know how that is suppose to help me in ANY area of working on credit or understanding the denial!

[LS2982]

CreditAddict i agree it should be one FICO score and not all over the place with different scores!

[GregB]

Which CRA?

I can't imagine why it would help anything or anybody if a business had to use the wrong product for their credit qualifications.

[bakalao2k]

I found this on another site:

Factors considered	Classic FICO Score	PLUS Score	Vantage Score	TransRisk Score	CreditXpert Score	Community Empower Score
Range	300-850	330-830	501-990	300-850	350-850	350-850
Payment history	Payment History	History of late payments; non payments	Payment History	Payment History	Payment history	Payment history
Debt related	Amounts Owed	Current Level of debt	Account Balances	Outstanding Debt	Account balance	Balances
Credit length	Length of Credit	Length of Credit; number of credit inquiries	Depth of Credit	Credit Account History; recent inquiries	Length of credit history; credit applications	Recent requests for credit
Credit types	Types of accounts	Types of  Accounts		Types of accounts	Credit accounts	Number and types of credit accounts
Credit usage			Available credit; utilization		Credit Usage
Recency	Frequency of applying for new credit	History of applying for Credit	Recent credit applications			New accounts

[LS2982]

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@BGinVA wrote:

As I've stated in a prior thread, as part of my loan app process, I was denied by 2 banks and approved by 3 that I know of.  So yesterday in the mail I received one of the official denial letters and it stated my score was 679 and "scores range from a low of 250 to a high of 843".  Never heard of a scoring model that runs those ranges.  They said they got their info from Equifax if it makes a difference.  Just curious if anyone knows. 

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It sounds like whoever your creditor is uses their own " in house" scoring system and not the FICO score.