Wells Fargo propel / Fico score

[itlm062]

I was gonna apply for the WF Propel card today, took a quick look at my FICO score with WF on their app...was shocked to find the score had dropped form 800+ to 730 due to a "Serious Delinqenucy".  Checked on myfico + experian website, and I don't see any baddies...  both the scores there still showing 800+.  Has anyone else experienced that?  Who do I even talk to about this at WF?

thanks.

[sjt]

Have you checked your reports?

[KLEXH25]

I would definitely get a copy of your credit reports ASAP. If it wasn’t you, it could be fraudulent.

[Anonymous]

When did you see your FICO 9 at > 800?

Have you had a loan modified?

[itlm062]

I haven't had my actual report pulled since March, but I am on the 3 months product with myfico, and I usually get a notification if something happens on my report...I do not have a loan modified and the last I saw my fico 9 over 800 was on my last report in March on myfico.  The Fico 8 score they constantly update is still over 800 as well as on the actual experian website.  Is it possible at all that WF made a mistake if this baddie is not showing up anywhere else?

thanks.

[Anonymous]

FICO 9 drops scores in a big way (from an otherwise clean profile) when it perceives that a loan modification has been done.  FICO 8 and earlier models do not do this.  The reason given is that of a "serious delinquency."  BTW, can you give us the precise complete wording of the negative reason statement?

I suggest that you look at your Experian FICO 9 score through the $1 trial at Credit Check Total and see if the EX score dropped there as well (compared to your March myFICO Ultimate 3B report).  The CCT report will also confirm that your FICO 8 scores remain in the 800s.

I also suggest that you keep in touch with forum moderator Revelate who has become interested in this quirk of FICO 9, partly because there are at least two other threads in the last few days on this. 

If you can't figure out what might be happening from the CCT report/score, you might choose to pull your full Experian report at annualCreditReport.com, with special scrutiny given to every loan that you have or have had.  The 3B report you get from myFICO next month may also shed some light -- you'll get to see all three FICO 9 scores.

[Trudy]

The big concern is to find out what caused the serious delinquency.  But if you got your WF FICO score from the one they provide monthly to account holders it is your FICO 9.  And if you're referring to an EX product you pay for they don't provide FICO 9 scores. And MyFiCO only alerts for FICO 8 and provide 9 scores quarterly as it sounds like you have that product.  Anything could have happened since your last 3B report. 

So you could be looking at 2 different score models.  But it is likely WF will use the one you see on their site.  When I got my Cash Wise last year they used that score.

[Caardvark]

I've done the CCT trial several times but I've never seen my FICO 9. The only scores I've seen are:

• 3B FICO 8
• EX FICO 2
• EX FICO Auto 2
• EX FICO Auto 8
• EX FICO Bankcard 8
• FICO 3
• FICO Bankcard 2

Am I looking in the wrong spot? I'd live to see my FICO 9

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@Anonymous wrote:

I suggest that you look at your Experian FICO 9 score through the $1 trial at Credit Check Total and see if the EX score dropped there as well (compared to your March myFICO Ultimate 3B report).  The CCT report will also confirm that your FICO 8 scores remain in the 800s.

[Anonymous]

I apologize.  I could have sworn that people started reporting this year that CCT had begun including FICO 9 in the new EX scores they give.  Sorry for any misleading info on my part.

[itlm062]

one thing that *might be related is my wife's score...

She does have a collection on her report from 2013.  However our WF checking account has always been seperate from one another.

And yes, her fico9 score has been in the 730 range with that serious deliquency remark...

She recently (3 weeks ago) closed her WF account...I wonder if they somehow merged our accounts?