FNBO Application - Differing FICO scores

[Anonymous]

This is more of a comment, than a question.  An observation, something I don't quite understand.  Perhaps someone can explain it to me.

My scores aren't the best, I guess I have inquiries to burn so I apped for a FNBO ExtraEarnings Visa Card.  Thought my long standing positive banking history with them might help in someway to obtain a card.  It did not.   No big deal, that was my first inquiry all year and I'm used to being turned down.  Since I've been on the rebuild journey though I've learned to read what they send me when I've been denied and thus my observation.

The denial letter says that they pulled my Experian Credit Report to base their decision.  They further listed my score at 503 and was obtained on 8/3/2018.    Well, I monitor my FICO scores in two different places and my FICO from Experian has never been what this denial letter says it is.  on 8/1/2018 it was 556 (still low, still worthy of a denial etc...) but I'm curious as to what score this app accessed. The denial letter doesn't specifically list the word FICO however so I wonder if they are using the FICO model or some other.  As of the writing of this message the score has increased to 560 with Experian.

No, I'm not trying to get the application reconcidered, I'll wait 6 months+ before trying again, just curious I guess, on the wide variation of a true FICO score from various credit grantors.

To ask a question because that is what everybody does here... I'll start with does anybody know what scoring model does FNBO use? Can a score lose 53 points in a day and gain 56 points back 4 days later?  No, nothing significant has happened to my report(s) in the month of August which would cause a drastic drop and I would consider the 4 point increase I received during the month to be "normal".

Signed,

Confused

[Anonymous]

When I look at my quarterly Fico Report that includes all scores I see 9 different scores for each bureau:

FICO 8 what you see change any time something changes and Bankcard 8, Bankcard 5, Bankcard 9 as well as various mortgage and auto scores.

My Bankcard 5 score is 65-107 points lower than my FICO 8

Here are my different scores compared to my FICO 8 from my quarterly report.  All scores are from the same date. 

(RED) indicates score is lower.

Scores are in order EQ,TU,EX

Most are lower, some signficantly and a few are higher than my baseline FICO 8 score - go figure.

Mortgage 5/4/2

Mortgage 5/4/2

Mortgage 5/4/2

Auto 5/4/2

Auto 5/4/2

Auto 5/4/2

Auto 8

Auto 8

Auto 8

Auto 9

Auto 9

Auto 9

Bankcard 8

Bankcard 8

Bankcard 8

Bankcard 5

Bankcard 5

Bankcard 5

Bankcard 9

Bankcard 9

Bankcard 9

FICO 9

FICO 9

FICO 9

EQ

TU

EX

EQ

TU

EX

EQ

TU

EX

EQ

TU

EX

EQ

TU

EX

EQ

TU

EX

EQ

TU

EX

EQ

TU

EX

Difference

(23)

4

(56)

(37)

(11)

(86)

8

(3)

(11)

(1)

(32)

(35)

12

11

3

(65)

(66)

(107)

(6)

(26)

(32)

(19)

(33)

(38)

When I refinanced a car with Capital One they used a score which was signifcantly lower than my FICO 8 and therefore I have to assume they used my lowest Auto 5/4/2 score.

So the answer is likely the did not use FICO 8 but rather a different score.

To answer your question specifically FNBO uses a Bankcard 9 score

https://www.firstnational.com/personal-banking/credit-cards/fico-score/

The FICO® Bankcard Score 9 is a credit scoring model FICO has created to summarize credit card risk. It's the score we purchase each month, and we are making it available to you for free through our website and mobile app. This can help you gain insight into your credit history and also help you make good financial decisions in the future.

In my case that would have returned a score between 6 and 32 points lower than my Bankcard 8 score it would have been 3 to 12 points higher than my FICO 8.

[xaximus]

FNBO looks like they use Fico Bankcard Score 9.