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What model does Cap One use??

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Anonymous
Not applicable

What model does Cap One use??

Does anybody know what Fico Model Capital One uses for Venture approval?  

 

Would they use Fico 5, commonly used in mortgage lending?  I received a denial letter with my score that is over 100 points lower than my "regular" fico score.  I can't figure out for the life of me what score they are using.  I pulled my CR and none of the scores are what Capital One lists the EQ score at -- but my Fico 5 (old score commonly used for mortgage lending) is the closest to what Capital One listed.  

 

If that's not what they use then there is something wrong, because they have the wrong score for me.  I'm not sure what to do.

Message 1 of 12
11 REPLIES 11
Anonymous
Not applicable

Re: What model does Cap One use??


@Anonymous wrote:

Does anybody know what Fico Model Capital One uses for Venture approval?  

 

Would they use Fico 5, commonly used in mortgage lending?  I received a denial letter with my score that is over 100 points lower than my "regular" fico score.  I can't figure out for the life of me what score they are using.  I pulled my CR and none of the scores are what Capital One lists the EQ score at -- but my Fico 5 (old score commonly used for mortgage lending) is the closest to what Capital One listed.  

 

If that's not what they use then there is something wrong, because they have the wrong score for me.  I'm not sure what to do.


Yes they are known to use the 04 model aka Fico 5 for scoring

Message 2 of 12
Anonymous
Not applicable

Re: What model does Cap One use??

Supermodel. FICO 4 from what I've seen.

Message 3 of 12
ddemari
Super Contributor

Re: What model does Cap One use??

Yup, we have seen capitalone using FICO 04 model, which I love them for it! 04 scores always higher than my 08 ones. 

Message 4 of 12
Anonymous
Not applicable

Re: What model does Cap One use??

It's apparenty my lowest of all models, to the tune of 110 points lower than my fico 8 (not sure why it's soooo extreme).  So I think Cap One will be out of my approval picture for awhile.  

 

I should have checked in to that before applying, I would have never applied if I knew that's the model they used, especially with it being over 100 pts lower.  Shame on me!

 

This is definitely something for others to consider before applying  -- make sure you check ALL of your score models Smiley Happy

 

 

 

 

Message 5 of 12
Cotton_Britches
Frequent Contributor

Re: What model does Cap One use??

I don't understand: why does it matter which scoring model they use? 

“Faith is taking the first step even when you don’t see the whole staircase.”
Message 6 of 12
Anonymous
Not applicable

Re: What model does Cap One use??


@Cotton_Britches wrote:

I don't understand: why does it matter which scoring model they use? 


Approvals.

Message 7 of 12
Anonymous
Not applicable

Re: What model does Cap One use??

Friggin awesome.  My 4 is higher than my 8.Smiley LOL

 

Scores in sig are all Fico 8's.  I should list my 4's but alas, I'd have to purchase the 3b report here. 

Message 8 of 12
Anonymous
Not applicable

Re: What model does Cap One use??

Jennifer Garner
Message 9 of 12
jawbrkr
Established Contributor

Re: What model does Cap One use??

My FICO 4 score is higher but not by all that much..only 4pts. You can purchase the 3B and get the additional scores but I dont think myFICO updates those scores, if I am not mistaken. Once you purchase you would get the most current score but from that point on I dont think the additional model scores get updated. Only the FICO 8 score gets updated. Perhaps someone else can confirm that?!



|| TU08: 811 || EQ08: 811 || EX08: 802 ||



Message 10 of 12
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