I was denied a CLI on my Williams Sonoma card last month. The letter listed an Equifax score (unknown model) of 630 as of October 6. My FICO8 was 701 at the time (and none of my other 87 FICO versions were near 630 either). I don’t know my Equifax vantage 4.0 but my TU V4.0 was 635-640 around that time. So it’s plausible it’s V4.0. The reason codes listed were kind of vantage-y (based on my Synch reports & letters - my primary seems to be not enough paid down on my mortgage). I decided that Comenity is using something other than a straight FICO score-perhaps with a vantage flair? But I am not jumping to say it’s obviously V4.0. It’s...not FICO. Or that particular one wasn’t.
I got the PDF as a letter not in the mail and it came to this. I found that several cards hasnt been updated for the balance to be corrected so ingore that. But look at the score. I also see it says if you have issues, contact equfiax.
But, this, I'm confused, I dont have real estate loan lol
WTH?!
@Anonymous wrote:I got the PDF as a letter not in the mail and it came to this. I found that several cards hasnt been updated for the balance to be corrected so ingore that. But look at the score. I also see it says if you have issues, contact equfiax.
But, this, I'm confused, I dont have real estate loan lol
WTH?!
Those are indeed VantageScore reason codes:
https://www.reasoncode.org/code/921/68/lack-real-estate-secured-loan-information
https://www.reasoncode.org/code/896/43/too-many-revolving-accounts-high-balance-compared-credit-lim
@Anonymous wrote:I got the PDF as a letter not in the mail and it came to this. I found that several cards hasnt been updated for the balance to be corrected so ingore that. But look at the score. I also see it says if you have issues, contact equfiax.
But, this, I'm confused, I dont have real estate loan lol
WTH?!
You seem to be misinterpreting, they agree with you! You do not have a secured real-estate loan (e.g mortgage against a house or similar) and so that counts against you as not having a variety of credit types. Impacts FICO too.
@Anonymous wrote:
@Anonymous wrote:I got the PDF as a letter not in the mail and it came to this. I found that several cards hasnt been updated for the balance to be corrected so ingore that. But look at the score. I also see it says if you have issues, contact equfiax.
But, this, I'm confused, I dont have real estate loan lol
WTH?!
You seem to be misinterpreting, they agree with you! You do not have a secured real-estate loan (e.g mortgage against a house or similar) and so that counts against you as not having a variety of credit types. Impacts FICO too.
I have not seen FICO reason codes mention lack of a mortgage, only installment loans in general. Whenever I see the "lack of real estate secured loan information" reason code, I already know its VS.