What random scoring method is Synchrony using??

[wife2froggy]

Approved for a Sam's Club card

 Letter said my score is 495 (nearly had a heart attack) but the range was 300-620??

 Says TU on the letter

 what version is that??

[Anonymous]

Definitely not a Fico version and no version that I've heard of.  Perhaps Synchrony used an internal scoring algorithm using TU data.  If so, that's either something new that they're doing or something I've missed over the years.  The only Synchrony account I've ever applied for used a TU Fico 8 score.  That was in 2016, so certainly things may have changed since then.

[Anonymous]

---

@wife2froggy wrote:

Approved for a Sam's Club card

 Letter said my score is 495 (nearly had a heart attack) but the range was 300-620??

 Says TU on the letter

 what version is that??

---

Sync usually uses TU Vanatage Score 4.0, but whatever you listed is an odd one!

[Anonymous]

---

@Anonymous wrote:

---

---

Sync usually uses TU Vanatage Score 4.0, but whatever you listed is an odd one!

---

Do they use that for account approvals now?  I know they've been using TU VS4 for account maintenance for a year or two now, but I still thought that they used Fico scores for new accounts.

[Anonymous]

---

@Anonymous wrote:

---

@Anonymous wrote:

---

---

Sync usually uses TU Vanatage Score 4.0, but whatever you listed is an odd one!

---

Do they use that for account approvals now?  I know they've been using TU VS4 for account maintenance for a year or two now, but I still thought that they used Fico scores for new accounts.

---

When SO got Care Credit, they used TU VS 4.0

[FinStar]

---

@wife2froggy wrote:

Approved for a Sam's Club card

 Letter said my score is 495 (nearly had a heart attack) but the range was 300-620??

 Says TU on the letter

 what version is that??

---

Synchrony has its own internal scoring system.  They've been using it for at least 4-5 years based on reported DPs.  I'm not sure their internal scoring system is fully understood, but this is how they roll sometimes.

[Anonymous]

Sounds like anything goes when it comes to approvals if we've got data points on Fico 8 being used, VS4 and their own internal scoring system.

[wife2froggy]

Follow up : 

I got another letter from them - they clarify in it that their scoring model is used based off data retrieved from TU and made relevant to their needs (in a nutshell. I'm paraphrasing)

We can call it the Synchrony 3.5 scoring model, hahaha