04-08-2013 03:07 PM
At the start of my rebuilding I spoke with a mortgage loan officer who recommended I use equidata.net for my official scores because he said they used this data instead of FICO for credit scores and this would show me my true scores. I actually ran all 3 reports from the site and they are way different even from myfico. They are lower but the reports show a lot more info than I have found anywhere else. Any one have better results with that site?
04-08-2013 03:17 PM
First time I have heard of them. I do see they offer this as a service as well. Accounts Receivable Management Services I would just read more information about them. I may think about getting another mortgage loan officer as well. 90% of all banks will use a FICO score.
04-08-2013 03:27 PM
04-08-2013 03:32 PM
04-08-2013 06:37 PM
From their site
Is EQUIDATA a credit bureau?
Gardening since 8-1-14
04-08-2013 07:31 PM
Their scores are based on ScoreXPlus, EX scores.
The score just about everything in your CR.
Hmm.. these people look a bit shady... It appears that they are BOTH a "Credit Reporting Agency" A N D a collection company.... Seems like a bit of a conflict of interest... So they mine their own "customer" data, those who pay them to see their credit reports, to look for collection opportunities and then goes after those whose credit profiles seem to suggest that they would be able to pay on the outstanding debt.. IMO.. Hmmmmmm...
04-08-2013 07:40 PM
WOW.. right from their own website..
"It is our policy to not only collect accounts in a professional and friendly manner but to look upon debtors as your customer and apply our collection techniques in a manner to ensure there are no negative reactions preventing the consumer from returning to the clients place of business in the future."
In other words.... We mine our own customers credit data, look for opportunities to "professionally collect" on those outstanding debts all while portraying to the customers who come to us and pay for their credit reports, that we really want them to be able to re-establish new relationships with the creditors they burned AND WE BOUGHT THE OUTSTANDING account from...
Hmmmm.. Just ask yourself this.. What would you do if all of the 3 main national credit reporting agencies ALSO started up collection operations.... They wouldn't have to look too far outside their own businesses to find consumers who they could then turn around and collect on and hold them hostage.. aka PFDs.... Shady if you ask me..
04-08-2013 07:46 PM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO