Re: Experian roles out new credit score
06-19-2012 06:13 PM
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.
Current Score: EQ 04 683, EQ 8 690, TU 710, EX 715 (01/01/15)
Goal Score: 700 on EQ 04 (01/01/16)
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