@Thomas_Thumb wrote:I had access to LN CBIS until 2019 and Transunion CBIS scores until 2020. The older threads discuss the score ranges and many of the scoring factors. I believe the full range of LN reason codes is still available online.
Thanks, I searched the forum and found an old thread that had a list of reason codes.
It looks like my spree of canceling old low limit cards a few months ago may pay off!
One series of codes is based on the average limits of bank credit cards, with the maximum scoring benefit being for having average limits over $9000, which I'm above now.
I'm kind of hosed on credit applications in the past 24 months though, but at least I'll have none in the past 12 months when I reshop insurance in March.
I may never hit the 0/24 mark for maximum scoring benefit, but at least now I know the penalty thresholds.
@markbeiser wrote:
@ziggy29 wrote:
I've sometimes heard 780-800 as a cutoff for "super prime" for lowest rates, highest credit lines, and the lowest possible insurance premiums. But typically, 760 seems to be "enough".
Since I'm in a state where insurance companies are allowed to factor in credit score/history, I'm looking forward to my credit scores all jumping up over 800 in February, just in time for my annual home and auto insurance reshop!
Last reshop I was just starting to move onto clean score cards, so score was in the 760s, but it was good enough to save me close to 40% over the previous year when my scores were in the 620 range.
A couple years before that, when my scores were in the 500s, my home insurance alone was almost twice what I pay for my auto+home now...
Hey I'm just curious, how does one know if their state takes credit scores into consideration? I live in New Jersey, and all insurance is astronomical! Im curious if it's a contributing factor here too?
@Shmike wrote:
Hey I'm just curious, how does one know if their state takes credit scores into consideration? I live in New Jersey, and all insurance is astronomical! Im curious if it's a contributing factor here too?
New Jersey isn't one of the states that restricts the use of credit scores for insurance purposes.
https://www.experian.com/blogs/ask-experian/which-states-prohibit-or-restrict-the-use-of-credit-base...