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New credit score available
Old 06-20-2006, 05:23 PM   #1
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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.
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Re: New credit score available
Old 06-20-2006, 07:27 PM   #2
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Re: New credit score available

Translation: "we got tired of paying Fair Isaac's royalties"
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Re: New credit score available
Old 06-20-2006, 07:46 PM   #3
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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
Old 06-20-2006, 07:47 PM   #4
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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
Old 06-20-2006, 08:45 PM   #5
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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
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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Re: New credit score available
Old 06-20-2006, 08:48 PM   #6
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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
Old 06-21-2006, 05:38 AM   #7
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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
Old 06-21-2006, 07:20 AM   #8
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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
My wife works. Does that make me JG?
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Re: New credit score available
Old 06-21-2006, 07:35 AM   #9
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Re: New credit score available

Quote:
Originally Posted by justin
My wife works. Does that make me JG?
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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Re: New credit score available
Old 06-21-2006, 07:50 AM   #10
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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.
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
Old 06-21-2006, 11:46 AM   #11
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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.
Dont forget kicking the wife around and dumping her when she stops working...
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Re: New credit score available
Old 06-21-2006, 03:55 PM   #12
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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.
don't forget dumpster shopping.
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Re: New credit score available
Old 06-21-2006, 06:07 PM   #13
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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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Re: New credit score available
Old 06-21-2006, 06:10 PM   #14
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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...
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Re: New credit score available
Old 06-21-2006, 06:24 PM   #15
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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...
How frequently does Google Earth update?
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Re: New credit score available
Old 06-22-2006, 07:51 AM   #16
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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...
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