Moderator Emeritus
Posts: 14,316
Registered: ‎12-30-2011
Re: Experian roles out new credit score

Haha, and I thought Cashcall was high at 120ish percent.  This came in the mail today: a flyer from Plain Green, another unsecured subprime lending company.  It proudly proclaimed, 40% less interest rate than Pay Day Loans!

 

My cynical thought: "Great, it'll be 360% APR on this loan."

 

Fine print: 364% APR.  Good grief.

 

Anything which makes lending resolution more precise so that other companies get down to the subprime lending market is going to be a win for America.

Starting Score: EQ 04 561, TU 98 567, EX 98 599 (12/30/11)
Current Score: EQ 04 694, EQ 8 714, TU 8 708, EX 8 724 (04/01/16)
Goal Score: 700 on EQ 04 (01/01/17)


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