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@Anonymous wrote:I have not pulled mine. I should. Do they supply you with 3-4 reason codes, ranked in order of impact, that explain why your score is not as high as it could be?
I'll work with you on this via private messaging and we'll see what we can come up with You and I are in complete agreement about what the obstacle is to being able to say anything definitive about LN-Auto, which is the lack of a platform to test and restest and retest changes using a variety of people and profiles. (The cost is prohibitive.)
The TU model, by way of contrast, is free via Credit Karma -- isn't it? At least it used to be, back in the day.
Still, coming up with some advice purely on reason codes could be really helpful to folks. I'll stay in touch.
They supply 2 reason codes with the report/score. The codes have are hot linked to direct you to additional info. As mentioned they provide CBIS for Auto and Property - which are different. The TU Auto CBIS is free and can be accessed once you log on by clicking on the insurance button. Pasted below is are the primary summary pages for LN CBIS. The C.L.U.E report listing account details is on subsequent pages.
Shown below is how to get to the free TU Auto CBIS offered on CK.
First, go to the CK website and log in to your account per this link: https://www.creditkarma.com/
1) On initial screen click on "log in". The below shown "Log In to Your Account" pop up screen will then appear.
2) Enter your log in information. Then click on the log in button.
If, you don't have an account, you will need to create one as data from the TransUnion CRA is used to generate a credit based insurance score.
Now:
1) click on loans on main screen => new screen comes up.
2) Click on Auto loans => new screen comes up.
3) Click on insurance => new screen comes up and displays INS score in lower left area of the screen.
BTW - My TU CBIS score has been stuck at 902 the 12 or so times I have checked it since 10/2015. It appears to lack sensitivity to changes in profile data relative to LN - or I have hit a ceiling associated with some TBD deficiency.
@Thomas_Thumb wrote:Shown below is how to get to the free TU Auto CBIS offered on CK.
Click on loans on main screen => new screen comes up. Click on Auto loans => new screen comes up. Click on insurance => new screen comes up and displays INS score in lower left area.
BTW - My TU CBis score has been stuck at 902 the 12 or so times I have checked it since 10/2015. It appears to lack sensitivity to changes in profile data relative to LN - or I have hit a ceiling associated with some TBD deficiency.
I get a completely diferent screen only letting me apply for quotes. can you paste a direct link?
Elim,
I should have started from the beginning as many screens look the same.
You will not be able to get this score until after you have logged in as a member. Added log in steps to the above post. Hope this covers the missing steps.
P.S. Your Transunion CRA data is the only data needed to generate the TU credit based insurance score. The fill in the blank information above the score is only used for insurance rate estimates. You can look at how changes in that information affect rates but, it won't change your score - because score is based on CRA data at TransUnion.
Hi TT. Both the LN and the TU Auto scores rely on the data from a credit bureau. The TU Auto Score is of course generated purely off of TU data -- no data from EQ or EX has any effect on your TU Auto Score.
But as far as the LN score goes, where do they get their CRA data? Is it based on exactly one bureau? (If so, which one?) Or is it based on a merger of data from all three CRAs?
CGID,
LN uses data from Equifax but, they suppliment it with information they gather from other sources.
After all, LN is like a credit Bureau itself and must provide you with a free copy of their own credit report upon request yearly (subject to the same federal reg. as the "big 3").
As mentioned in the LN report shown above:
@Thomas_Thumb wrote:Elim,
I should have started from the beginning as many screens look the same.
You will not be able to get this score until after you have logged in as a member. Added log in steps to the above post. Hope this covers the missing steps.
P.S. Your Transunion CRA data is the only data needed to generate the TU credit based insurance score. The fill in the blank information above the score is only used for insurance rate estimates. You can look at how changes in that information affect rates but, it won't change your score - because score is based on CRA data at TransUnion.
Yes I'm logged in but this is my insurance tab on CK (after following your steps)... link here
ETA: thanks thomas, looks like I have some Beta version. I have logged in to CK every week for 3 years and have never seen my ins score there. bummer. thanks again :]
@Anonymous wrote:
But as far as the LN score goes, where do they get their CRA data? Is it based on exactly one bureau? (If so, which one?) Or is it based on a merger of data from all three CRAs?
It's Equifax data.
I don't have the reason codes handy at the moment, but the last time I pulled LN Attract scores mine were 854 Home and 913 Auto.
For comparison, my EQ FICO 8 was "down" to 816 that week (>20% utilization at the time).
The biggest issue with Attract score optimization advice is that many of the factors are inter-related and quite a few factors move at cross-purposes. Try to optimize for one set of reason codes, and it hurts you on others...
@iv wrote:
@Anonymous wrote:
But as far as the LN score goes, where do they get their CRA data? Is it based on exactly one bureau? (If so, which one?) Or is it based on a merger of data from all three CRAs?
It's Equifax data.
I don't have the reason codes handy at the moment, but the last time I pulled LN Attract scores mine were 854 Home and 913 Auto.
For comparison, my EQ FICO 8 was "down" to 816 that week (>20% utilization at the time).
The biggest issue with Attract score optimization advice is that many of the factors are inter-related and quite a few factors move at cross-purposes. Try to optimize for one set of reason codes, and it hurts you on others...
FYI - LN CBIS uses "Property" and "Auto". TU CBIS uses "Home" and "Auto".
@elim wrote:
Yes I'm logged in but this is my insurance tab on CK (after following your steps)... link here
ETA: thanks thomas, looks like I have some Beta version. I have logged in to CK every week for 3 years and have never seen my ins score there. bummer. thanks again :]
Pasted below is the screen sequence that should get you there. The Insurance score is NOT available upfront and therefore most people are unaware of it. However, it does exist as a standard feature and should be available for all members that have VantageScores. Unfortunately, one must navigate through multiple screens to find it.