Experian FICO score is significantly lower on denial letter than an Experian's website....

[Anonymous]

Hello, 

I have a membership with experian that furnishes my Experian Fico 8 score & corresponding report on a daily basis.... 

Problem comes when I see an increase in score, recently- with paying off old accounts, collections, etc.. on the experian portal it states my Experian Fico 8 is 672- so with that score, I gather a little confidence and I apply for cards in that range and BOOM, denied. 

Wait to receive letters, and my score with experian according to the letters is in the high 500's.... what gives?

[Pikaboo-icu]

Good for you paying off collections and improving your score!  

Most creditors are about a month behind on score improvements, some even more.

EX: They pull their score from Nov and it will update to their site for Dec.

Just give it a little more time between score rise & apping..

Good Luck

ETA: Wait, if you're applying for a new card, it should be doing a HP of your current score directly from Ex. Hum.

Perhaps the CC issuer uses a different CB? Or a different Fico score than 8...Do you know your TU & EQ scores as well?

[Anonymous]

3 factors defines a score, where, when and which? CRA it pulled from, date it was pulled and which scoring model it used. You should be able to find all 3 on your denial letter.

[Anonymous]

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@Pikaboo-icu wrote:

Good for you paying off collections and improving your score!  

Most creditors are about a month behind on score improvements, some even more.

EX: They pull their score from Nov and it will update to their site for Dec.

Just give it a little more time between score rise & apping..

Good Luck

ETA: Wait, if you're applying for a new card, it should be doing a HP of your current score directly from Ex. Hum.

Perhaps the CC issuer uses a different CB? Or a different Fico score than 8...Do you know your TU & EQ scores as well?

---

Thank you, clears things up! 

Yes new card app, it was for Amex, they did pull Experian- denial letter shows an incredbly low score of 586..  

[Remedios]

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@Anonymous wrote:

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@Pikaboo-icu wrote:

Good for you paying off collections and improving your score!  

Most creditors are about a month behind on score improvements, some even more.

EX: They pull their score from Nov and it will update to their site for Dec.

Just give it a little more time between score rise & apping..

Good Luck

ETA: Wait, if you're applying for a new card, it should be doing a HP of your current score directly from Ex. Hum.

Perhaps the CC issuer uses a different CB? Or a different Fico score than 8...Do you know your TU & EQ scores as well?

---

Thank you, clears things up! 

Yes new card app, it was for Amex, they did pull Experian- denial letter shows an incredbly low score of 586..  

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OP, your membership with Experian, is it through Credit.com?

If so, you're looking at EX Vantage score 

If you're getting  FICO  score , it would be from here       https://www.experian.com/help/login.html

[Anonymous]

It is from Experian.com made sure to do it this way to get the actual FICO 8 that they advertise...

[difringe]

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@Anonymous wrote:

Hello, 

I have a membership with experian that furnishes my Experian Fico 8 score & corresponding report on a daily basis.... 

Problem comes when I see an increase in score, recently- with paying off old accounts, collections, etc.. on the experian portal it states my Experian Fico 8 is 672- so with that score, I gather a little confidence and I apply for cards in that range and BOOM, denied. 

Wait to receive letters, and my score with experian according to the letters is in the high 500's.... what gives?

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Hey, I didn't see this in the topic; did you confirm the date of the Experian score pulled for that denial?

[sjt]

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@Anonymous wrote:

Hello, 

I have a membership with experian that furnishes my Experian Fico 8 score & corresponding report on a daily basis.... 

Problem comes when I see an increase in score, recently- with paying off old accounts, collections, etc.. on the experian portal it states my Experian Fico 8 is 672- so with that score, I gather a little confidence and I apply for cards in that range and BOOM, denied. 

Wait to receive letters, and my score with experian according to the letters is in the high 500's.... what gives?

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What did you apply for and did you call for a recon and to find out the reasons for denial?

[SouthJamaica]

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@Anonymous wrote:

Hello, 

I have a membership with experian that furnishes my Experian Fico 8 score & corresponding report on a daily basis.... 

Problem comes when I see an increase in score, recently- with paying off old accounts, collections, etc.. on the experian portal it states my Experian Fico 8 is 672- so with that score, I gather a little confidence and I apply for cards in that range and BOOM, denied. 

Wait to receive letters, and my score with experian according to the letters is in the high 500's.... what gives?

---

The lender is probably pulling a different scoring model, like FICO 2.

[sjt]

If you ever had an Amex, even as an AU, they tend to SP on a regular basis. The score they gave you could have been from their last AU.

I would call for a recon.

FYI- Amex uses FICO 8 and tends to pull Experian.