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They're using vantageScore 4.0
Well synchrony started using Vantage 4.0 for credit line decisions and these scores can vary from week to week. Not sure when this happened date wise but I know it was October.
May I ask how many inquiries you have and do you have delinquencies on your report? like it or not those are legitmate reasons for the denials. Of course the loan reason has always irked me though.
Synchrony has three different possible scores they use now - FICO 8, VantageScore 4, and their own proprietary score model.
You have decent limits, they just don't want to give you more right now.
They really don't like inquiries if you want a CLI on that PayPal MC. My denial reason is inquiries every time.
Synchrony Bank has been shuffling their credit formulas lately. Double check that all of your numbers are from the same model. Most likely they are from different models. Other than that the new Vantage Score 4.0 model is cruel for HP's and delinquencies.
VS strikes again! Sorry OP.
I made mention of this a couple months ago. Everyone has been poo-poo'ing the scores as Fako and shun paying attention to them. Time to wake up. VS takes into account profile trends. It moves more frequently than a Fico 08 which can stay stuck for long periods and doesnt reflect smaller DPs on a day to day as accurately. The CCCs will use whatever tools that give them an advantage. By locking down CLIs they probably assume you will now put more spend through your existing accounts to game a higher CL. They are not entirely incorrect.
@Anonymous wrote:VS strikes again! Sorry OP.
I made mention of this a couple months ago. Everyone has been poo-poo'ing the scores as Fako and shun paying attention to them. Time to wake up. VS takes into account profile trends. It moves more frequently than a Fico 08 which can stay stuck for long periods and doesnt reflect smaller DPs on a day to day as accurately. The CCCs will use whatever tools that give them an advantage. By locking down CLIs they probably assume you will now put more spend through your existing accounts to game a higher CL. They are not entirely incorrect.
BuT tHeYrE fAkO aNd EdUcAtIoNaL oNlY
@Brian_Earl_Spilner wrote:
@Anonymous wrote:VS strikes again! Sorry OP.
I made mention of this a couple months ago. Everyone has been poo-poo'ing the scores as Fako and shun paying attention to them. Time to wake up. VS takes into account profile trends. It moves more frequently than a Fico 08 which can stay stuck for long periods and doesnt reflect smaller DPs on a day to day as accurately. The CCCs will use whatever tools that give them an advantage. By locking down CLIs they probably assume you will now put more spend through your existing accounts to game a higher CL. They are not entirely incorrect.
BuT tHeYrE fAkO aNd EdUcAtIoNaL oNlY
Vantage Scores have grown up apparantly. A large portion of denials are littered with them recently across the MF board.
Sorry for the late reply and for resurrecting an old thread.
And you all are correct. The scores they used are all over the place, with different scoring models and not the most recent pull when the CLI is requested.
The reason I have been trying to get CLI because I have just recently closed on my new home last month. A lot of shopping to do so just wanted the extra CL to soften the blow of high utilization coming up soon.
Congrats!!!