Re: Lenders see different scores than consumers do
03-25-2012 03:41 AM
Most posts in this thread have addressed the FICO/FAKO business, but the OP's point about the industry-specific scores hasn't gotten much response. I have to agree with him/her, it's just not right that we can't buy those specialized scores. I can see the value of them for lenders, and wouldn't mind paying for them, but the current situation means you can't contradict the used-car salesman when he says your score is too low. It's unjust.
On a different point raised by some in this thread, I also found the EQ score my mortgage lender got was the same as what's available through myfico. At least 33.3% works right!
Yeah.. I agree with your sentiment 100 percent.. at least with the EQ being right for most lenders, at least you do have an idea..
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession
Still Working On: Illinois Paid Tax Lien,
Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $3900, Citi/Home Depot $2000, Capital One Cash Rewards $1500, Capital One Secured $500, Credit One Bank $500. Total Utilization: 6%. AAoA: 1yr, 7mth. INQS: 8 TU, 8 EQ, 4 EX