Tony Banks asked: You have a credit score with the three main bureaus, Equifax, Transunion and Experian. Each bureau has come up with their own version of the credit scoring formula which is unknown to the public.This creates a situation where your three scores are highly unlikely to be the same. The credit score that [...]
Stephen Chua asked: Your credit report contains vital information that affects your credit score. Every time you take up a loan or apply for credit, your lenders will access your credits report to see if you qualify for the it. Thus it is imperative that you constantly monitor your credit report to make sure it [...]
legend4real asked: Its long but well worth the read, it’s very informative. Equifax, Experian and Transunion have begun limited marketing of a new consumer credit scoring algorithm to Risk Based Lenders. According to David Rubinger of Equifax, the planned nationwide rollout to Risk Based Lenders is scheduled for July, and will be followed, approximately 9 [...]