Re: Scoring Model Range of 300- 620???

toi34 · ‎03-17-2021

I was recently approved for the PayPal 2% Cashback Mastercard and Synchrony sent me a notice saying I didn't get the best interest rate due to my score, which is out of a low of 300 to a high of 620.

Anybody know what model this is?

thornback · ‎03-17-2021

Seems to be some internal scoring model - there are a few posts going back to 2015 referencing that score range for Sync. It's certainly not FICO or Vantage.

Congrats on your approval!

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CreditMagic7 · ‎03-17-2021

Congratulations on your approval!

Yes banks like Syn and others use a internal scoring system often, or so they say, to draw up start limits, APR rates, line increases etc. Even for offers.

Anonymous · ‎03-17-2021

@toi34 wrote:
I was recently approved for the PayPal 2% Cashback Mastercard and Synchrony sent me a notice saying I didn't get the best interest rate due to my score, which is out of a low of 300 to a high of 620.

Anybody know what model this is?

I would think somewhere on your paperwork probably in fine print at the bottom it should state what the scoring model is to go along with that range.

Scoring Model Range of 300- 620???

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Scoring Model Range of 300- 620???

Re: Scoring Model Range of 300- 620???

Re: Scoring Model Range of 300- 620???

Get your FICO Score for free