@Brian_Earl_Spilner wrote:
They do use them. As a former employee at Chase, I can tell you we pulled them. 2 ficos, 1 vantage. Wish everyone would stop with saying nobody uses them. Even the decline letters will occasionally show the VS pulled.
Hi Brian. This specific issue could become a really important discussion in itself. Your reply was polite and a discussion could be very useful as long as all participants went out of their way to be polite, friendly, and open to learning from each other. That's standard policy I know but worth reminding us of especially if it deals with someone questioning a commonly held idea here.
The more detailed information you could give us about your experience working at Chase, the better! At least in my view. For example...
* Did your reply mean that, for any CC application, three scores were always pulled by Chase, one at each bureau, with one bureau always being Vantage?
* Was a FICO score not pulled at the bureau that they used for Vantage?
* Can you tell us more about your role as an employee there? (And what years you worked there?) Were you working with the group that evaluates CC applications?
* It's widely believed that Chase uses its own in-house credit scoring model in addition to scores made by FICO. (I am not refering to Vantage.) Do you know anything about this?
* One thing that Chase certainly does is that they pull Vantage scores. Actually no one here disagrees with that. We know that because they (like tons of banks and CUs) use "free Vantage scores" as a way of attracting customers to bank with them (or use credit products). The question is whether the group that specifically approves CC applications uses Vantage scores in their decision making process. Is it possible that what Chase is doing is pulling Vantage to attract customers but not using them as a primary tool for decision making?
