Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
New credit score available
Old 06-20-2006, 06:23 PM   #1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,078
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

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: New credit score available
Old 06-20-2006, 08:27 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
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.
cute fuzzy bunny is offline   Reply With Quote
Re: New credit score available
Old 06-20-2006, 08:46 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Apr 2006
Posts: 1,487
Re: New credit score available

i'll get my $5.95 right in!
__________________
d is offline   Reply With Quote
Re: New credit score available
Old 06-20-2006, 08:47 PM   #4
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
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.
__________________
justin is offline   Reply With Quote
Re: New credit score available
Old 06-20-2006, 09:45 PM   #5
Thinks s/he gets paid by the post
maddythebeagle's Avatar
 
Join Date: Jun 2005
Posts: 2,450
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
__________________
- Hurry! to the cliffs of insanity!
maddythebeagle is offline   Reply With Quote
Re: New credit score available
Old 06-20-2006, 09:48 PM   #6
Thinks s/he gets paid by the post
thefed's Avatar
 
Join Date: Oct 2005
Posts: 2,203
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.

__________________
thefed is offline   Reply With Quote
Re: New credit score available
Old 06-21-2006, 06:38 AM   #7
Recycles dryer sheets
 
Join Date: Feb 2006
Posts: 152
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.
__________________
Non sequitur is offline   Reply With Quote
Re: New credit score available
Old 06-21-2006, 08:20 AM   #8
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
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?
__________________
justin is offline   Reply With Quote
Re: New credit score available
Old 06-21-2006, 08:35 AM   #9
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,078
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.

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Re: New credit score available
Old 06-21-2006, 08:50 AM   #10
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
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.
__________________
justin is offline   Reply With Quote
Re: New credit score available
Old 06-21-2006, 12:46 PM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
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...
__________________
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.
cute fuzzy bunny is offline   Reply With Quote
Re: New credit score available
Old 06-21-2006, 04:55 PM   #12
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
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.
__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Re: New credit score available
Old 06-21-2006, 07:07 PM   #13
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Re: New credit score available

Haven't seen him on either board for more than a couple weeks now...
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: New credit score available
Old 06-21-2006, 07:10 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
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.
cute fuzzy bunny is offline   Reply With Quote
Re: New credit score available
Old 06-21-2006, 07:24 PM   #15
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
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?
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: New credit score available
Old 06-22-2006, 08:51 AM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
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.
cute fuzzy bunny is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Your unsecured (credit card) debt dies when you die (usually) JustCurious FIRE and Money 77 11-22-2010 10:05 PM
Why should most ER's care about their Credit Score? Cut-Throat FIRE and Money 36 01-23-2007 05:03 PM
Fraudulent credit card usage after phonedog, Pioneer Telephone free4now FIRE and Money 1 05-02-2006 06:50 PM
Credit Score Strategies Tommy_Dolitte Young Dreamers 18 08-15-2004 07:31 AM
Credit Qs on PBHG's annual report (31 Mar 04) Nords FIRE and Money 1 07-28-2004 06:02 AM

 

 
All times are GMT -6. The time now is 03:42 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.