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Lending Club TU

Edward0215
New Contributor

Lending Club TU

Hi,

 

I got a denial from Lending Tree last night said my TU score was 678. I have heard that they use the same model as mortage lenders do. Does anybody have any experiences and can tell me if it is the same as mortgage?

 

thanks

Exp 691 TU 664 FICO 9/22/14
Starting Score: 536
Current Score: 673
Goal Score: 700


Take the myFICO Fitness Challenge
Message 1 of 8
7 REPLIES 7
Involver
Valued Contributor

Re: Lending Tree TU

I was under the impression that LC used TU08, which is the same score provided here.

 

The last time I did an LC prequal though, it didn't match my score from MyFICO from the same day.  So my guess is either that they are using TU04 (which would be the same as a mortgage lender) or they have moved over to the 09 model.

 

I can't say for certain either way, though.

Message 2 of 8
juggalo9er
Valued Contributor

Re: Lending Tree TU

lc is tu 04 100%

Message 3 of 8
lnacen
Valued Member

Re: Lending Tree TU

Lending Club switched over to FICO08 some months back.

Message 4 of 8
Edward0215
New Contributor

Re: Lending Tree TU

Ahh really? Was hoping it was still mortage scores. Oh well wonder why myfico still has me at 647 TU and Lenderclub has me at 678 then?

Exp 691 TU 664 FICO 9/22/14
Starting Score: 536
Current Score: 673
Goal Score: 700


Take the myFICO Fitness Challenge
Message 5 of 8
Revelate
Moderator Emeritus

Re: Lending Tree TU


@lnacen wrote:

Lending Club switched over to FICO08 some months back.


This is my understanding too: used to be TU '04 classic which indeed was a mortgage score, and they switched.  Unfortunately Smiley Happy.




        
Message 6 of 8
JLK93
Established Contributor

Re: Lending Tree TU


@Revelate wrote:

@lnacen wrote:

Lending Club switched over to FICO08 some months back.


This is my understanding too: used to be TU '04 classic which indeed was a mortgage score, and they switched.  Unfortunately Smiley Happy.


That is correct. Lending Club started using TU 08 a few months ago, but not exclusively.

 

The last score I got from them was TU 04.

 

A couple of months ago I got TU 08 and EX 08.

Message 7 of 8
juggalo9er
Valued Contributor

Re: Lending Tree TU

i still get tu 04 100% of the time

Message 8 of 8
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