Super Contributor
marty56
Posts: 5,679
Registered: ‎10-06-2007
Experian roles out new credit score

http://www.huffingtonpost.com/2012/06/14/experian-new-credit-score-extended-view_n_1596943.html

 

No haven't have gone lib but Yahoo had a link to it.  From the article:

 

Currently, consumers cannot get a copy of their Extended View credit report. Wagner said that if enough lenders adopt the new score, then it could be made available to consumers in the future.

 

As Larry the Cable Guy would say - You know that's funny and way too ironic.

09/12/2013 FICO: EQ: 772 EX:813 TU:752
Regular Contributor
psychoinhell
Posts: 565
Registered: ‎06-12-2010
Re: Experian roles out new credit score

I definitely do not like what I read.  Some of the criteria makes about as much sense as car insurance pulling my credit report to give me a quote.  They can stuff their studies.  What does my inability to pay my bills (or ability to do so) have anything to do with my driving abilities?  They may as well say because I have a size 14 foot, it is hard for me to keep gravity from pulling it down on the gas pedal (which is true by the way).

 

I do not think we should legitimize payday loans, what is next pawn shops or loan sharks that report?

 

This just smells bad!

 

PS- marty, nothing wrong with being lib... as long as you do not try to take away my AR and AK :smileytongue:


Starting Score: 600ish in 2007
Highest Score to date: EQ 716 May 2012(lender pull)
Current Score: EQ 685 6-21-12 ; Walmart TU Fico 744 6-05-12
Goal Score: 801
Moderator
pizzadude
Posts: 8,127
Registered: ‎01-28-2010
Re: Experian roles out new credit score
I dub their new score "UnBanko". I'm sure it will only add to the confusion around credit scores, especially since it sounds like this score is going to be targeted towards people who won't have a FICO score.
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Super Contributor
marty56
Posts: 5,679
Registered: ‎10-06-2007
Re: Experian roles out new credit score

psychoinhell wrote:

PS- marty, nothing wrong with being lib... as long as you do not try to take away my AR and AK :smileytongue:


I guess I am more libertarian.

 

I hear you on the gas pedal.  LOL on my next speeding ticket, can I use that excuse.  I have smaller feet though but it sounds good.

 

IMHO I don't think we have too much to worry about someone using the new scoring system since it probably be as widely used as their Vantage score was.

09/12/2013 FICO: EQ: 772 EX:813 TU:752
Regular Contributor
psychoinhell
Posts: 565
Registered: ‎06-12-2010
Re: Experian roles out new credit score

Next time a cop turns around when you are driving down the interstate, jump off at the rest area and run into the bathroom.

 

Had a cop follow me into the bathroom, I threw my wallet out to him and told him he was going to have to wait to write me a ticket, I had a 911.  He actually ran my license and then told me he understood (no ticket) :smileytongue:


Starting Score: 600ish in 2007
Highest Score to date: EQ 716 May 2012(lender pull)
Current Score: EQ 685 6-21-12 ; Walmart TU Fico 744 6-05-12
Goal Score: 801
Super Contributor
marty56
Posts: 5,679
Registered: ‎10-06-2007
Re: Experian roles out new credit score

Wouldn't that have been a 912?

09/12/2013 FICO: EQ: 772 EX:813 TU:752
Regular Contributor
psychoinhell
Posts: 565
Registered: ‎06-12-2010
Re: Experian roles out new credit score

touche, good one :smileytongue:


Starting Score: 600ish in 2007
Highest Score to date: EQ 716 May 2012(lender pull)
Current Score: EQ 685 6-21-12 ; Walmart TU Fico 744 6-05-12
Goal Score: 801
Super Contributor
marty56
Posts: 5,679
Registered: ‎10-06-2007
Re: Experian roles out new credit score

psychoinhell wrote:

touche, good one :smileytongue:


Can't take full credit.  I stole the idea from the first and best Smokey and the Bandit.  I think it was the Great One's last film.

09/12/2013 FICO: EQ: 772 EX:813 TU:752
Established Contributor
stan_the_man
Posts: 855
Registered: ‎06-29-2010
Re: Experian roles out new credit score

"Fifteen lenders are currently considering using the score, Steven Wagner, president of Experian Consumer Information Services, told The Huffington Post. He would not identify which companies they were, but said that among them were both small and large lenders. The company said the score could be used by banks, credit unions and auto lenders, as well as phone and utility providers."


 

Am I the only one who thinks this means "We offered the score for free to 15 lenders, but none of them has taken us up on the offer yet."?

Super Contributor
marty56
Posts: 5,679
Registered: ‎10-06-2007
Re: Experian roles out new credit score

stan_the_man wrote:

"Fifteen lenders are currently considering using the score, Steven Wagner, president of Experian Consumer Information Services, told The Huffington Post. He would not identify which companies they were, but said that among them were both small and large lenders. The company said the score could be used by banks, credit unions and auto lenders, as well as phone and utility providers."


 

Am I the only one who thinks this means "We offered the score for free to 15 lenders, but none of them has taken us up on the offer yet."?


Or out of thousands we gave it to, only 15 said they might use it.  The others ran away screaming.

09/12/2013 FICO: EQ: 772 EX:813 TU:752