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I recently applied for a mortage , my lender pulled a transunion score of 699 which matched perfectly to the captial one score. Two weeks later i applied for a lawnmower ( because of the 0% financing) Sheffield financial ) and the your score only had to be 660. They told me my score was 650. I said i'm looking at it right now and it's still 699. They said they pulled from transunion and they use a different scoring model than the mortage lender. Hmmm. they said they use a beacon model but i thought that was just equafax. So i'm super confused. Just got approved to build a $200000 house but can't get a lawnmower unless i pay 8.9% financing. Has anyone else used sheffield financial which i believe is GE captial?
@Anonymous wrote:I recently applied for a mortage , my lender pulled a transunion score of 699 which matched perfectly to the captial one score. Two weeks later i applied for a lawnmower ( because of the 0% financing) Sheffield financial ) and the your score only had to be 660. They told me my score was 650. I said i'm looking at it right now and it's still 699. They said they pulled from transunion and they use a different scoring model than the mortage lender. Hmmm. they said they use a beacon model but i thought that was just equafax. So i'm super confused. Just got approved to build a $200000 house but can't get a lawnmower unless i pay 8.9% financing. Has anyone else used sheffield financial which i believe is GE captial?
You can throw that Capital 1 score right put the window, it is a FAKO score (TU new account model) from a FAKO bank...
@Anonymous wrote:I recently applied for a mortage , my lender pulled a transunion score of 699 which matched perfectly to the captial one score. Two weeks later i applied for a lawnmower ( because of the 0% financing) Sheffield financial ) and the your score only had to be 660. They told me my score was 650. I said i'm looking at it right now and it's still 699. They said they pulled from transunion and they use a different scoring model than the mortage lender. Hmmm. they said they use a beacon model but i thought that was just equafax. So i'm super confused. Just got approved to build a $200000 house but can't get a lawnmower unless i pay 8.9% financing. Has anyone else used sheffield financial which i believe is GE captial?
The mortgage score was probably TU 04, and the Sheffield score could have been TU 08 or maybe some custom TU version or internal score.
These scores will not necessarily match each other.