No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Got an email from Quizzle today saying they are going to give us our Vantagescore for free. Then they said this:
"Quizzle now features the VantageScore credit score. This score is used by thousands of lenders, including the nation’s largest banks, in their credit card, auto lending and mortgage decisions."
Thousands of lenders? Really?
Can I call them out on this or make them prove this? hah
-scott
I've never received any approvals nor denials from any of my lenders due to my vantage score. So I really couldn't ellaborate on this one. I've not seen it though.
I know of one or two that have used a Vantage Score.
Statistics like these are hard to disprove: it's quite likely that thousands of lenders have pulled a Vantage Score at some point over time; however, how much they base their underwriting decision on is nearly impossible to tell. Lenders will pull multiple scores quite often for any given consumer application but only provide one.
I do know Chase has used VS for Freedom applications in particular, and I've heard from an insider that it costs them less to do this than a more traditional FICO score. The CRA's could be deeply discounting VS scores in order to try to win marketshare from FICO which is the 800 pound gorilla in the space.
@rckstrscott wrote:
Can I call them out on this or make them prove this? hah
You can do whatever you want but it would be a pointless endeavor IMO. It's market speak. Like any other business selling product they carefully select their words to present their product in the way that they want you to see it.
@takeshi74 wrote:
@rckstrscott wrote:
Can I call them out on this or make them prove this? hah
You can do whatever you want but it would be a pointless endeavor IMO. It's market speak. Like any other business selling product they carefully select their words to present their product in the way that they want you to see it.
It was a tounge in cheek joke about calling them out.
-scott