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Beckles
- Senior Member - 1K
posted: Apr. 27, 2007 @ 11:15a
ScootyPuffSr said:It isn't that great for me. It is off from my regular FICO by 30 points and it went down in a month where my regular FICO went up.
So it is inaccurate in both magnitude and trend for me.
YMMVIt is a real FICO score, there is nothing inaccurate about it. Where is it that you got the "regular FICO" score you were comparing it to? |
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ScootyPuffSr
- Senior Member - 2K
posted: Apr. 27, 2007 @ 12:04p
Beckles said:ScootyPuffSr said:It isn't that great for me. It is off from my regular FICO by 30 points and it went down in a month where my regular FICO went up.
So it is inaccurate in both magnitude and trend for me.
YMMVIt is a real FICO score,
It is a real bank FICO score which does does not correlate well with my CC acceptance rate. "Classic" or "Regular" FICO as I call it does correlate with my CC acceptance rate.
there is nothing inaccurate about it.
There is nothing inaccurate about FAKOs either. FAKOs are 100% accurate...FAKOs. The problem is no one using FAKOs to make actual decisions. The same applies for this modified FICO.
Where is it that you got the "regular FICO" score you were comparing it to?
From the Fair Isaac Corporation, the company that created the FICO scoring model. Is that ok? |
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Beckles
- Senior Member - 1K
posted: Apr. 27, 2007 @ 1:16p
ScootyPuffSr said:Beckles said:there is nothing inaccurate about it.The problem is no one using FAKOs to make actual decisions. The same applies for this modified FICO.So you don't think there are credit card companies making decisions using the credit card enhanced FICO score that FICO offers (which is what Providian/WaMu provide their customers)? I can't prove you wrong, but I would doubt your assumption is correct. |
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ScootyPuffSr
- Senior Member - 2K
posted: Apr. 27, 2007 @ 2:26p
Beckles said:ScootyPuffSr said:Beckles said:there is nothing inaccurate about it.The problem is no one using FAKOs to make actual decisions. The same applies for this modified FICO.So you don't think there are credit card companies making decisions using the credit card enhanced FICO score that FICO offers (which is what Providian/WaMu provide their customers)? I can't prove you wrong, but I would doubt your assumption is correct.
The use of the words "no one" was improper. I should have said few in my experience.
I have tons of examples. I have gotten approved for "premier" credit cards that require excellent credit when my banking FICO was 670 and my Classic FICO was 730. 670 is not "excellent" or "tier 1" by any measure. |
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doglar
- Thrifty Member
posted: Jun. 24, 2007 @ 12:10a
vdadlani219 said:ScootyPuffSr said:I've never seen any info about CLIs with WaMu. I've been stuck at $1K for nearly a year with my WaMu card. Has anyone had any luck requesting a CLI without a credit pull?
Nope, the only way to increase your CL is to wait. They do automatic reviews I believe every 6 months. It's taken me 3 years to go from $500 to $7500, but I rarely use the card (maybe once every 4 months).
Started w/ $7.5k in Dec 2004, got $9.5k in Nov 2006 and had 3 statements with balances (under $200). The reason I got it was because paypal was promoting it and figured I could pay it with paypal which ironically paypal could not pay that credit card at the time (so a total waste for me). |
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doglar
- Thrifty Member
posted: Jun. 24, 2007 @ 12:15a
I have closed many cc accounts and it was always the same thing...all these offers pouring out when I had already done the BT with someone else and now I just wanted to close the account. So I think it is the banks that have created this expectation of the bank chasing the customers (not the customers). |
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