Chase internal risk score vs FICO scores?

[Creditplz]

Approved for the Ritz VI card @42k, 23.xx% APR, Fico8 is 767? And their internal score was around 700

[Creditplz]

DW has a CSP at 40k+ Fico8 is 773 and her internal score last time (CLI) was 744 or 749?

[Anonymous]

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@sjt wrote:

I think the Chase Internal Scoring, and other banks internal scoring, uses Trended Credit Data, which is a deeper analization of one's credit file. They tend to look at payment history with a focus on the amount of the payment (minimum payment vs larger payments or balance paid etc.) the amount of credit used and probably any historical data if you are or hae been a current client. 

If you do a google search "Trended Credit Data" you can get more information on how it works.

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I fully understand trended data and am sure FICO 10 or some model in the future will take it into consideration.  What leads you to believe though that Chase internal scoring considers trended data today?

[sjt]

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@Anonymous wrote:

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@sjt wrote:

I think the Chase Internal Scoring, and other banks internal scoring, uses Trended Credit Data, which is a deeper analization of one's credit file. They tend to look at payment history with a focus on the amount of the payment (minimum payment vs larger payments or balance paid etc.) the amount of credit used and probably any historical data if you are or hae been a current client. 

If you do a google search "Trended Credit Data" you can get more information on how it works.

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I fully understand trended data and am sure FICO 10 or some model in the future will take it into consideration.  What leads you to believe though that Chase internal scoring considers trended data today?

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I think all banks that have their own Internal Scoring System is designed using trended data because more detailed information will help the with predictibility of a potential customer not only with risk, but with spend/type of spend. 

Also, banks are agreesiviley expanding their market share and need to expand beyond the prime customer market. Now they are going after "near prime customers" and trended credit data can help weed out the potential defaulters.

[expatCanuck]

Decidedly late to the party, but I can offer that if Chase internal risk and Chase Credit Journey scores are synonymous, it's based on VantageScore 3.0.

My TU FICO 8 today is 810.  Chase's Credit Journey score today is 24 points lower, at 786 (on a 300-850 scale).

On my TU report, items that I can imagine an issuer being displeased with include:

• the amount owed on my mortgage (as compared with its opening value)
• ~4K of CC debt
• 4 new CC accounts reported since December (1 in December, 2 in January and 1 in March), along with the associated inquiries
• several other INQs in the latter half of '17 related to a mortgage refi and a HELoan

[Anonymous]

Wow, this thread brought back to life 1 year to the day!

What makes you think the Chase internal risk score is the same as a VS 3.0? Could it just be a coincidence that they are the same at this point in time?

[patoot10]

 I am sure my input will provide a lot of clarification.

My oldest account is 1 year and 1 month and as you can see I have tons of accounts that were all opened in 1 year (19 accounts on credit report). two of them are loans and a closed credit card.

Anyway during that year I applied for chase many times and every time I was denied and provided with their stupid score. At first they denied me for short history then they denied me for too many accounts in last two years (5/24) and then they denied me for too many inquiries.

BUT one of the denial reason in one of the letters was (Too many active accounts and too much available credit). I always do AZEO and I keep like $5 on said card.

My EX was 722 and my CARS was drum roooooooooooooooooooooooll .. 638 !!

We are talking about 84 points difference. So if you really wanna understand Chase internal score you need to study my profile becuase I am sure I have all the negative things that chase doesn't like except for deragatory marks (My report is clean).

Short history - Too many inquires - Too many recent accounts - Too many accounts - Too much available credit (i.e limited credit usage from their point of view)

Interestingly people get approved with profiles that have sone of those things but probably don't have all of them. I was on a call with an analyst for a recon and he said you have a crazy number of new accounts people usually open 2 or 3 cards a year so go figure.

What's killing me is that I currently have a targeted offer $300 or 30,000 UR points after spending $500 in first 3 months for Chase Freedom Unlimited showing on my online account (I bank with Chase) but as of recent data points only in branch pre-approvals will bypass 5/24.

Cheers.

[Anonymous]

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@patoot10

My EX was 722 and my CARS was drum roooooooooooooooooooooooll .. 638 !!

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When you say your EX was 722, do you mean your EX FICO 08 score specifically?

Do you have access to your VantageScores through CK, CS or any other source?  If so, what were those at the time?  I'm still interested in the opinion posed by the previous poster that Chase's internal score (CARS?) is a VS 3.0 score.

[patoot10]

Yes, FICO 8 for EX was 722

Vantage 3.0 at the time was 698

Chase doesn't use Vantage, they use their own thing.

[Anonymous]

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@patoot10

Chase doesn't use Vantage, they use their own thing.

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That's more or less what my take on it was and why I was questioning Post 15.  Thanks for offering up some data to disprove that theory.