The New FICO Score Model is Coming Our Way This Summer!
The New FICO Score Model is Coming Our Way This Summer: Part Two!
Do you want to know your real FICO score for free? Real FICO, real FREE, and whenever you want it? Read on!
Look, I have to admit: my secret handshake here has nothing to do with the new FICO 9 score. I hoped to dig out something else other than what I had already blogged about, but couldn’t.
Yep, can’t get anything more out of FICO or anyone else about the new score. The huge thing for a lot of people is that FICO from now on will go easy on medical bill delinquencies, especially the ones that have been paid off, but I blogged about it already in the Part Two, so no news here.
Instead, I want to share a trick (please forgive me if it isn’t new to you, but it was new to me). I was browsing My Fico forums and found this old thread: Lending club declinatio
So how does one get declined? When you fill out the application, they will ask you about your income. Guess what happens if you put too low income while asking for their highest loan. I put $10 and asked for a $35,000 loan. After that I immediately got this screen.
Now, someone on My Fico suggested that the OP’s score was a Transunion 98 score, and well, it might have been two years ago. But this score I received is very close to my most recent score from Barclay.
Note that the Barclay’s score was updated on May 1, so I am pretty sure the Lending club gives you the same Transunion FICO 8 score as Barclay.
I don’t know for sure if there might be any adverse effects from going through this backdoor, but I can’t imagine why it would be. It is not a hard pool, and I have no intention to borrow from Lending Club anyway. On the other hand, if you are a Barclaycard holder, the usefulness of this trick is somewhat limited.
But I thought it was cool, anyway.
Photo By: Simon Cunningham
Are you sure it’s not a hard pull? They’ll also give you a range before you apply for a loan.
William, I’m pretty sure they say somewhere on the page it’s not a hard pull, and besides, I haven’t received an inquiry notice from my credit monitoring services.