What good are credit scores-lenders use any model they want!

I have never heard of that before. What type of lender was it? Was it for a mortgage, a car or something else. This is the first that I have ever heard of this.

If you have currently bought your Transunion score and you found it to be 875, how can the creditors find your Transunion score to be 645, that I cannot understand. Now if your creditors device their own method to determine the creditworthiness of a person, then it is a totally different issue. It may happen because of the creditors might have pulled out your credit report and based on your credit report, they do not find you suitable to offer a loan, even if you have a high credit score as per Transunion.

I don't understand this, if it comes to this than why have the credit reporting agencies at all. I am not real sure why they would do this. What was the lenders name, just curious?

What I think is that the lender has taken into account the piggybacking issue for determining the credit worthiness of the borrower. Although the new FICO 08 model eliminates piggybacking, it has not been implemented yet. Now, taking piggybacking into account, a borrower may have a good credit score but it is based on the credit history of a different person who has added the borrower as an authorized user in his credit card account. So the lender might have pulled out the credit report to check his credit history instead of checking his credit score.

If a lender denies you credit, don't they ahve to send you a copy of your Credit Report and score to prove what they're saying? I thought they did. That entire 'issue' sounds fishy to me. I'm curious who it is, too.