|
Other Scores
Introduced in March, 2006, VantageScore is hyped as a score that will simplify borrowing for consumers and lenders; in other words, adding a new scoring system for everybody to learn all over again helps us all.
Experian is first out of the chute with consumer access to the score. Equifax pushes the FICO, and TransUnion-- well-- they're TransUnion.
http://www.vantagescore.experian.com/
http://www.transunion.com/vantagescore/documents/TRI-CRC_FINAL_5-23.pdf
http://www.transunion.com/vantagescore/index.html
Bankrate.com, three months after the announcement of VantageScore: "To date, no lenders have announced they're switching to VantageScore."
Rural Development (USDA) on VantageScore:
Currently, the great majority of mortgage lenders continue to use FICO scores. Most automated underwriting systems are built to use FICO scores, and reconfiguring them will take time and
money. Industry participants, including the Federal Housing Administration (FHA), Veteran Affairs (VA), Fannie Mae, and Freddie Mac, do not accept VantageScore at this time. Once Rural Development and the mortgage industry have had time to evaluate the new score, further guidance will be issued. At this time, VantageScore is not accepted for SFHGLP loans.
Search for the term VantageScore: Google | Yahoo | MSN
PLUS (see Fake-O FICO Funk)
Search for the term PLUS Score: Google | Yahoo | MSN
Fair Isaac Industry Options
NextGen FICO Risk Scores
|
|
email
contact
April, 1997: "Information on how to obtain one's credit score is suspiciously absent from your site. How do I get mine?"
"And we're not running a game show. I mean, we're evaluating risk. We're not trying to have people get--achieve the highest score."
"Fisher is a fan of going by the book and then beyond it."
"He beat the scoring proponents to the punch by scooping up the web address http://www.creditscoring.com, from which he launches often strident, sometimes wacky, but usually well-documented attacks on the credit-scoring concept and the industries that support it."
Realty Consumers Empowered By Online "Peoples" Court - "His Web site CreditScoring.com helped him-- and millions of other consumers-- extend fair credit reporting rights to credit scoring information."
"Fisher operates the www.creditscoring.com Web site, which skewers the secrecy of the credit bureaus and Fair, Isaac." - The Detroit News
CreditScoring.com is an exceptionally-interesting site that offers news and information regarding credit scoring and--
really-- the entire credit process."
|
|
|