Yet another 5/24 Question

[Anonymous]

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I read somewhere that Chase uses some "internal scoring model" - does anyone have any feedback on this?  Obviously they still pull from a bureau or bureaus, but is that data put into something unique to Chase that yields a score that may be different than what we would expect them to see?

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They do have ttheir own internal scoring, along with the data they pull from credit reports. I don't know that many details are known, other than that they do some internal scoring on their own. I do know for sure that they have a LONG memory. I was approved last year for Freedom, but when taliking to one of their CSRs he mentioned a previous account I had with them. It actually wasn't with Chase, but a company they bought out that I had included in BK 14 years ago. I would imagine part of their internal scoring includes things like that in their memory.

[Anonymous]

BBS,

From what I understand, they use a CARS Score. Credit acquisition risk score. I believe it goes higher than 850. My first card, I swear they scored me higher. My last approval, the score was pretty spot on to what I saw on myfico at the time. I called and spoke to someone about it at that time, they really didn't have much info, got xfered around. Didn't get much info, but it's fine. Not sure it's really going to be all that different.

[Anonymous]

Interesting.  So, unlike most other creditors, you really go into a Chase app not knowing what type of score they'll have on you.  For my OCD type personality, not knowing is bothersome

[Schwartzinator]

I was approved last week for the fairmont, and thier letter noted an internal risk score of 721. Before the application, my fico scores ranged from 742 up to 767. 

[Anonymous]

Yeah I wish the risk scores and something like that would be on a scale that is completely different from FICO scores that way no one gets confused. It's the same story with Comenity Bank you can have a 520 Com Bank, score 720 real FICO score. 520 with no baddies is like shoot yourself youve done everything wrong. Lol

[Anonymous]

Every approval or denial I have ever received from Chase states that their scoring model is proprietary and that it ranges from 250-900 I think. They always pull Experian for me also and I'm in Southern California.