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The Quest for an SSL alternative to Alliant

Jkrause702
Regular Contributor

Re: The Quest for an SSL alternative to Alliant

That's what I thought as well.

 

I don't doubt you, but I had read some accounts in various places of that particular mortgage score apparently being somewhat sensitive to lack of installments. 

I'm baffled, but nonetheless still curious about the PenFed question for future reference at least.

 

 







Message 461 of 463
Birdman7
Super Contributor

Re: The Quest for an SSL alternative to Alliant


@Jkrause702 wrote:

That's what I thought as well.

 

I don't doubt you, but I had read some accounts in various places of that particular mortgage score apparently being somewhat sensitive to lack of installments. 

I'm baffled, but nonetheless still curious about the PenFed question for future reference at least.

 

 


@Jkrause702 Well I stand corrected. I did go look at the reason codes and I don’t see one for EX2 that tracks open loans. 5/4/2 has the code for no loan and high loan balance, but again they are not very reactive to it.

 

That would leave average and oldest, so that may not be it, as most of the people that have tested it have seen little or no reaction on the mortgage Scores. Maybe there's something about your profile that made that help.

 

if you'd like us to speculate, can you give us some details about your profile? Oldest account, youngest Revolver, youngest account? Number of bankcards? number of non-bankcard revolvers? number of loans? include both open and closed on everything. Average age of accounts? Average age of revolving accounts? any derogatories? If so tell me about them please. 

-Our Community’s updated scoring wisdom: Link to Scoring Primer.
-For Negative Reason Codes see: CassieCard’s Score Factors thread.
-ccquest’s workbook to calculate metrics for you: Link to Workbook.

Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.

RIP:

(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 462 of 463
Merc1776
Valued Member

Re: The Quest for an SSL alternative to Alliant

So they didn't let her get 60 months on $3,500? "Savings Secured Loan Payment Example: Share rate plus 2.00%. Loan amount of $3,000 at 2.25% APR for 60 months has a payment of $53." That is taken directly from their website.

 
Message 463 of 463
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