Cap One Pulling EX FICO 3 for Credit Card Apps?

5 months ago

Fri Apr 05, 2024 12:00 am

BrutalBodyShots

Senior AdministratorGoodwill Saturation Technique Author

BrutalBodyShots has been gardening for over 2 years.
BrutalBodyShots has achieved the Garden Goal !!

Level27 Last INQMonday, May 23, 2022 Gardening For2 years, 3 months, 15 days, 20 hours, and 25 minutes Next Level in15 days, 3 hours, and 35 minutes on September 23rd INQ 1yr onTuesday, May 23, 2023 INQ 1yr reached1 year, 3 months, 15 days, 20 hours, and 25 minutes ago INQ 2yr onThursday, May 23, 2024 INQ 2yr reached3 months, 15 days, 20 hours, and 25 minutes ago Goal24 months Goal DateThursday, May 23, 2024 Goal Achieved3 months, 15 days, 20 hours, and 25 minutes ago

Hey @SoonerSoldier33 ! The oldest data point I can find is from 2016 where it's referenced that Capital One uses Fico 3, EQ Fico 5 and also Fico 4. All older models, clearly. https://ficoforums.myfico.com/t5/Credit ... -p/4541566

5 months ago

Fri Apr 05, 2024 12:12 am

SoonerSoldier33

Seasoned RebelTeam Cash Back

Level9 Last INQMonday, November 27, 2023 Gardening For9 months, 11 days, 20 hours, and 25 minutes Next Level in19 days, 3 hours, and 35 minutes on September 27th INQ 1yr onWednesday, November 27, 2024 INQ 1yr in2 months, 19 days, 3 hours, and 35 minutes INQ 2yr onThursday, November 27, 2025 INQ 2yr in1 year, 2 months, 19 days, 3 hours, and 35 minutes Goal24 months Goal DateThursday, November 27, 2025 Goal In1 year, 2 months, 19 days, 3 hours, and 35 minutes

BrutalBodyShots wrote: ↑Fri Apr 05, 2024 12:00 am Hey @SoonerSoldier33 ! The oldest data point I can find is from 2016 where it's referenced that Capital One uses Fico 3, EQ Fico 5 and also Fico 4. All older models, clearly. https://ficoforums.myfico.com/t5/Credit ... -p/4541566

Not sure what's worse. That Cap One has been using the ancient models seemingly forever, or that I didn't know about it. Lol. In my defense, I haven't applied for a Cap One card in years, as I already have the 2 I want, but yea...I had no clue. Thanks!

5 months ago

Sun Apr 14, 2024 10:09 am

mgood

Seasoned Rebel

Level3 Last INQMonday, May 13, 2024 Gardening For3 months, 25 days, 20 hours, and 25 minutes Next Level in5 days, 3 hours, and 35 minutes on September 13th INQ 1yr onTuesday, May 13, 2025 INQ 1yr in8 months, 5 days, 3 hours, and 35 minutes INQ 2yr onWednesday, May 13, 2026 INQ 2yr in1 year, 8 months, 5 days, 3 hours, and 35 minutes Goal12 months Goal DateTuesday, May 13, 2025 Goal In8 months, 5 days, 3 hours, and 35 minutes

I knew they used FICO 3. I suspect that's the reason it gets grouped with the credit card scores in MF, even though I think it was originally intended to be a mortgage score. I keep thinking that I read somewhere that Cap1 uses one of the more modern scores mixed in there, like 8, 4, and 3, or maybe 5, 8, and 3 or something like that. I don't know where I read it or if I'm misremembering it. Even if that is what I read, it doesn't necessarily mean that the person who wrote that knew what he was talking about. EDIT: Now looking at the "Which Report Will They Pull, Part 2" thread, it says "EX 3 + EQ 5 + TU 4 (triple pull)"

5 months ago

Sun Apr 14, 2024 5:57 pm

EvenBetterThanTheRealThing

Seasoned Rebel

Level4 Last INQFriday, April 12, 2024 Gardening For4 months, 26 days, 20 hours, and 25 minutes Next Level in4 days, 3 hours, and 35 minutes on September 12th INQ 1yr onSaturday, April 12, 2025 INQ 1yr in7 months, 4 days, 3 hours, and 35 minutes INQ 2yr onSunday, April 12, 2026 INQ 2yr in1 year, 7 months, 4 days, 3 hours, and 35 minutes Goal12 months Goal DateSaturday, April 12, 2025 Goal In7 months, 4 days, 3 hours, and 35 minutes

mgood wrote: ↑Sun Apr 14, 2024 10:09 am I knew they used FICO 3. I suspect that's the reason it gets grouped with the credit card scores in MF, even though I think it was originally intended to be a mortgage score. I keep thinking that I read somewhere that Cap1 uses one of the more modern scores mixed in there, like 8, 4, and 3, or maybe 5, 8, and 3 or something like that. I don't know where I read it or if I'm misremembering it. Even if that is what I read, it doesn't necessarily mean that the person who wrote that knew what he was talking about. EDIT: Now looking at the "Which Report Will They Pull, Part 2" thread, it says "EX 3 + EQ 5 + TU 4 (triple pull)"

I can't confirm the EX3 from personal experience, but on my Savor approval a couple days ago the letter references an Equifax score that is my EQ5. The odd thing with the EX3 being used is that a roommate of mine that moved out not quite a year ago got his student quicksilver and letter referenced an EX scoore that matched his EX8 (maybe his EX3 and 8 were the same?)

5 months ago

Mon Apr 15, 2024 4:12 am

Dinosaur

Seasoned RebelDinosaur

Level4 Last INQMonday, April 8, 2024 Gardening For4 months, 30 days, 20 hours, and 25 minutes Next Level in3 hours and 35 minutes on September 8th INQ 1yr onTuesday, April 8, 2025 INQ 1yr in7 months, 3 hours, and 35 minutes INQ 2yr onWednesday, April 8, 2026 INQ 2yr in1 year, 7 months, 3 hours, and 35 minutes Goal24 months Goal DateWednesday, April 8, 2026 Goal In1 year, 7 months, 3 hours, and 35 minutes

mgood wrote: ↑Sun Apr 14, 2024 10:09 am I knew they used FICO 3. I suspect that's the reason it gets grouped with the credit card scores in MF, even though I think it was originally intended to be a mortgage score. I keep thinking that I read somewhere that Cap1 uses one of the more modern scores mixed in there, like 8, 4, and 3, or maybe 5, 8, and 3 or something like that. I don't know where I read it or if I'm misremembering it. Even if that is what I read, it doesn't necessarily mean that the person who wrote that knew what he was talking about. EDIT: Now looking at the "Which Report Will They Pull, Part 2" thread, it says "EX 3 + EQ 5 + TU 4 (triple pull)"

Wonderer? Does using a Mortgage Score yield a harder lower score outcome? Is it more predicative of the actual customer credit and payment cycle? Inquiring minds want to know! On top of it, pulling hard inquiries from all three credit bureaus? Sure wonder. Back in the day Capital One only inquired of one bureau. As a purveyor of credit, I surely see the advantage of a three bureau pull but is Capital One and their products worth it. Chase usually only does one and we know they are offering good products.

5 months ago

Mon Apr 15, 2024 4:15 am

Dinosaur

Seasoned RebelDinosaur

Level4 Last INQMonday, April 8, 2024 Gardening For4 months, 30 days, 20 hours, and 25 minutes Next Level in3 hours and 35 minutes on September 8th INQ 1yr onTuesday, April 8, 2025 INQ 1yr in7 months, 3 hours, and 35 minutes INQ 2yr onWednesday, April 8, 2026 INQ 2yr in1 year, 7 months, 3 hours, and 35 minutes Goal24 months Goal DateWednesday, April 8, 2026 Goal In1 year, 7 months, 3 hours, and 35 minutes

BrutalBodyShots wrote: ↑Fri Apr 05, 2024 12:00 am Hey @SoonerSoldier33 ! The oldest data point I can find is from 2016 where it's referenced that Capital One uses Fico 3, EQ Fico 5 and also Fico 4. All older models, clearly. https://ficoforums.myfico.com/t5/Credit ... -p/4541566

This reference is from 2016 (eight years ago) so it is really germane today?

5 months ago

Mon Apr 15, 2024 6:57 am

mgood

Seasoned Rebel

Level3 Last INQMonday, May 13, 2024 Gardening For3 months, 25 days, 20 hours, and 25 minutes Next Level in5 days, 3 hours, and 35 minutes on September 13th INQ 1yr onTuesday, May 13, 2025 INQ 1yr in8 months, 5 days, 3 hours, and 35 minutes INQ 2yr onWednesday, May 13, 2026 INQ 2yr in1 year, 8 months, 5 days, 3 hours, and 35 minutes Goal12 months Goal DateTuesday, May 13, 2025 Goal In8 months, 5 days, 3 hours, and 35 minutes

Dinosaur wrote: ↑Mon Apr 15, 2024 4:12 am Wonderer? Does using a Mortgage Score yield a harder lower score outcome? Is it more predicative of the actual customer credit and payment cycle? Inquiring minds want to know!

My 5/4/3 have always been lower than my 8.

Dinosaur wrote: ↑Mon Apr 15, 2024 4:15 am
BrutalBodyShots wrote: ↑Fri Apr 05, 2024 12:00 am Hey @SoonerSoldier33 ! The oldest data point I can find is from 2016 where it's referenced that Capital One uses Fico 3, EQ Fico 5 and also Fico 4. All older models, clearly. https://ficoforums.myfico.com/t5/Credit ... -p/4541566
This reference is from 2016 (eight years ago) so it is really germane today?

Who knows? But with nothing more current to go by, I consider that to still be the best information we have.

5 months ago

Tue Apr 16, 2024 6:48 am

BrutalBodyShots

Senior AdministratorGoodwill Saturation Technique Author

BrutalBodyShots has been gardening for over 2 years.
BrutalBodyShots has achieved the Garden Goal !!

Level27 Last INQMonday, May 23, 2022 Gardening For2 years, 3 months, 15 days, 20 hours, and 25 minutes Next Level in15 days, 3 hours, and 35 minutes on September 23rd INQ 1yr onTuesday, May 23, 2023 INQ 1yr reached1 year, 3 months, 15 days, 20 hours, and 25 minutes ago INQ 2yr onThursday, May 23, 2024 INQ 2yr reached3 months, 15 days, 20 hours, and 25 minutes ago Goal24 months Goal DateThursday, May 23, 2024 Goal Achieved3 months, 15 days, 20 hours, and 25 minutes ago

Dinosaur wrote: ↑Mon Apr 15, 2024 4:15 am This reference is from 2016 (eight years ago) so it is really germane today?

You missed my point. It was already established that Capital One uses Fico 3 today. I wrote in my post above that the 8 year old quote was the oldest reference I could find of them using it; my intent was to provide an old data point to show that Capital One has had a history of using Fico 3 in lending decisions... at least 8 years of it.

5 months ago

Tue Apr 16, 2024 9:09 am

Dinosaur

Seasoned RebelDinosaur

Level4 Last INQMonday, April 8, 2024 Gardening For4 months, 30 days, 20 hours, and 25 minutes Next Level in3 hours and 35 minutes on September 8th INQ 1yr onTuesday, April 8, 2025 INQ 1yr in7 months, 3 hours, and 35 minutes INQ 2yr onWednesday, April 8, 2026 INQ 2yr in1 year, 7 months, 3 hours, and 35 minutes Goal24 months Goal DateWednesday, April 8, 2026 Goal In1 year, 7 months, 3 hours, and 35 minutes

BrutalBodyShots wrote: ↑Tue Apr 16, 2024 6:48 am
Dinosaur wrote: ↑Mon Apr 15, 2024 4:15 am This reference is from 2016 (eight years ago) so it is really germane today?
You missed my point. It was already established that Capital One uses Fico 3 today. I wrote in my post above that the 8 year old quote was the oldest reference I could find of them using it; my intent was to provide an old data point to show that Capital One has had a history of using Fico 3 in lending decisions... at least 8 years of it.

Glad you came back ... appreciate what you were saying now that I am on the same page