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New credit score available
06-20-2006, 05:23 PM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,000
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New credit score available
According to Bankrate.com a new credit scoring system is available to consumers online starting today.
For $5.95, Internet users will be able to check their VantageScores online through Experian, one of three U.S. credit reporting bureaus that jointly developed the system. The site also includes a simulation showing how potential actions, such as closing a credit card account or making a late payment, could impact a person's score.
This is the first time the VantageScores have been made available to the public...
...Unlike FICO, which is solely a numerical score, a VantageScore comprises both a number and the letter grade A, B, C, D or F. But while the two scoring systems may look different, the behaviors leading to high or low scores are highly similar...
...VantageScore was introduced in March by credit reporting agencies Experian, Equifax and TransUunion, which touted it as a simpler scoring method because it uses a single formula to evaluate consumers' debt risk profile. Under FICO, each credit bureau uses a different method for calculating credit risk.
__________________
Numbers is hard
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Re: New credit score available
06-20-2006, 07:27 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: New credit score available
Translation: "we got tired of paying Fair Isaac's royalties"
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: New credit score available
06-20-2006, 07:46 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,490
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Re: New credit score available
i'll get my $5.95 right in!
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Re: New credit score available
06-20-2006, 07:47 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,005
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Re: New credit score available
If only creditors weren't constantly beating down my door to give me free/cheap money as is, I'd be all over the opportunity to see how much I've trashed my credit rating.
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Re: New credit score available
06-20-2006, 08:45 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,450
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Re: New credit score available
Quote:
If only creditors weren't constantly beating down my door to give me free/cheap money as is, I'd be all over the opportunity to see how much I've trashed my credit rating
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stretch it until it hurts. or until you turn into JG (making your wife work because you are dipping into the kiddy to buy more boats). :P
__________________
- Hurry! to the cliffs of insanity!
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Re: New credit score available
06-20-2006, 08:48 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Oct 2005
Posts: 2,203
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Re: New credit score available
im a sucker for a cheap credit score. mine is UNPROPORTIONATELY lower than my other scores from the major 3.
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Re: New credit score available
06-21-2006, 05:38 AM
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#7
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Recycles dryer sheets
Join Date: Feb 2006
Posts: 152
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Re: New credit score available
The last week in May, a local credit union forced me into a situation that required me to get my score from Experian. It cost $5.95 and returned a "VantageScore" on a scale of 501 - 999, a "risk grade, and "credit catagory".
I guess Bankrate is a little late with their report.
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Re: New credit score available
06-21-2006, 07:20 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,005
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Re: New credit score available
Quote:
Originally Posted by Maddy the Turbo Beagle
stretch it until it hurts. or until you turn into JG (making your wife work because you are dipping into the kiddy to buy more boats). :P
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My wife works. Does that make me JG?
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Re: New credit score available
06-21-2006, 07:35 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,000
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Re: New credit score available
Quote:
Originally Posted by justin
My wife works. Does that make me JG?
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No. But retire now, rely entirely on brainpower and willpower, and we'll take a poll to see if you qualify.
__________________
Numbers is hard
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Re: New credit score available
06-21-2006, 07:50 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,005
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Re: New credit score available
Quote:
Originally Posted by REWahoo!
No. But retire now, rely entirely on brainpower and willpower, and we'll take a poll to see if you qualify.
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But I can't retire now. I'm still approximately $1,000,000 short of my goal. I guess that answers the question.
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Re: New credit score available
06-21-2006, 11:46 AM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: New credit score available
Quote:
Originally Posted by REWahoo!
No. But retire now, rely entirely on brainpower and willpower, and we'll take a poll to see if you qualify.
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Dont forget kicking the wife around and dumping her when she stops working...
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: New credit score available
06-21-2006, 03:55 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,341
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Re: New credit score available
Quote:
Originally Posted by REWahoo!
No. But retire now, rely entirely on brainpower and willpower, and we'll take a poll to see if you qualify.
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don't forget dumpster shopping.
__________________
I look to the present moment because that's where I live my life.
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Re: New credit score available
06-21-2006, 06:07 PM
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#13
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,855
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Re: New credit score available
Haven't seen him on either board for more than a couple weeks now...
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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Re: New credit score available
06-21-2006, 06:10 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: New credit score available
A driveway in illinois is still littered with, among other things, small bits of computer parts...
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: New credit score available
06-21-2006, 06:24 PM
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#15
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,855
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Re: New credit score available
Quote:
Originally Posted by Cute n Fuzzy Bun'ny
A driveway in illinois is still littered with, among other things, small bits of computer parts...
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How frequently does Google Earth update?
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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Re: New credit score available
06-22-2006, 07:51 AM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: New credit score available
Not often enough. I'd throw my tv out if there was a nice 30 second update...
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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