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Credit Scores and Vehicle Financing

935 messages,  Last post on Jul 28, 2009 at 1:12 PM

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#681 of 935
Re: have credit scores gone up [nj2pa2nc] by fezo
Apr 04, 2008 (10:37 am)
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Replying to: nj2pa2nc (Apr 04, 2008 2:51 am)

That's a new one to me. I'm sure one of the guys will know.
 
I know the three different agencies have different ranges but I thought they only went up into the 800s.
 
They will be ready to sell you anything you want!
#682 of 935
Re: have credit scores gone up [nj2pa2nc] by volvomax
Apr 04, 2008 (11:05 am)
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Replying to: nj2pa2nc (Apr 04, 2008 2:51 am)

FAIK, the ISSAC score doesn't go that high.
Some bureau co's have their own mickey mouse scores,which the banks don't use.
See what your Auto score is.
#683 of 935
Re: have credit scores gone up [volvomax] by nj2pa2nc
Apr 04, 2008 (12:07 pm)
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Replying to: volvomax (Apr 04, 2008 11:05 am)

I tried TransUnion just to get my annual free credit report. I then thought I would splurge and spend the $7.99 to get my credit score. The last time I checked it was 755. Maybe you can check it out and find out what you get.
#684 of 935
Re: have credit scores gone up [nj2pa2nc] by isellhondas
Apr 04, 2008 (1:52 pm)
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Replying to: nj2pa2nc (Apr 04, 2008 2:51 am)

No such number.
 
850 is the highest they go.
#685 of 935
Re: have credit scores gone up [nj2pa2nc] by dapun
Apr 04, 2008 (4:27 pm)
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Replying to: nj2pa2nc (Apr 04, 2008 2:51 am)

What you got is what's called a VantageScore. It's basically a new way to report scores that was created to rival FICO for a chunk of the credit business. Their scores range from 501-990. Wikipedia it. At 920, you're doing pretty good. I forget what I got.
#686 of 935
Re: have credit scores gone up [dapun] by joel0622
Apr 04, 2008 (5:23 pm)
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Replying to: dapun (Apr 04, 2008 4:27 pm)

That is correct, it is just some one else trying to get a piece of the pie.
 
In my opinion the entire credit scoring system is predatory and needs to be looked at. There is no rhyme or reason to it.
 Credit scores are nothing more then a license for banks to print money.
#687 of 935
Re: have credit scores gone up [dapun] by lemko
Apr 07, 2008 (5:12 am)
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Replying to: dapun (Apr 04, 2008 4:27 pm)

Before I purchased my new Cadillac, I ran my credit to to avoid an embarrassing situation if anything was amiss. I got a ridiculous score of 985 or "superprime!" I guess it must've been that scoring system you just explained.
 
When I bought my house several years ago, I had scores like 820 and 799 on the other systems.
#688 of 935
Re: have credit scores gone up [lemko] by fezo
Apr 07, 2008 (5:58 am)
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Replying to: lemko (Apr 07, 2008 5:12 am)

Those numbers are much more like it. Pretty close to as high as you'll get.
#689 of 935
Re: have credit scores gone up [dapun] by fordfool
Apr 07, 2008 (4:30 pm)
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Replying to: dapun (Apr 04, 2008 4:27 pm)

Article on FICO and Vantage scores:
link title
 
" Experian does not sell the FICO score to consumers. Charges $15 for its report and its own Plus score. Also sells its own VantageScore, which evaluates consumers on a range from 501 to 990,
for $5.95."
#690 of 935
Re: have credit scores gone up [fordfool] by joel0622
Apr 11, 2008 (10:59 am)
Reply

Replying to: fordfool (Apr 07, 2008 4:30 pm)

What good is a vantage score? No one uses it except the people selling it for $6

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