Moderator
Revelate
Posts: 9,016
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 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


Take the myFICO Fitness Challenge