Comments on: How To Get Your Credit Scores – Lesson #3 http://www.videocreditscore.com/how-to-get-your-credit-scores/ Tue, 24 Jan 2012 18:29:53 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: VideoCreditScore-Andy http://www.videocreditscore.com/how-to-get-your-credit-scores/#comment-1581 VideoCreditScore-Andy Fri, 19 Aug 2011 22:49:46 +0000 http://cupcake.me/?p=15#comment-1581 Sorry, they are working for me. Do you have the latest browsers installed? If you search on "videocreditscore" on Youtube, you will find most of the videos there as well. Sorry, they are working for me. Do you have the latest browsers installed? If you search on “videocreditscore” on Youtube, you will find most of the videos there as well.

]]> By: brent clark http://www.videocreditscore.com/how-to-get-your-credit-scores/#comment-1580 brent clark Wed, 17 Aug 2011 20:44:00 +0000 http://cupcake.me/?p=15#comment-1580 I was just wondering why I'm not able to show the video's on this website. At any given time I can pull it up, but then on other times they don't pull up. I've installed Flash Player on my PC. Can you give me any help? I was just wondering why I’m not able to show the video’s on this website. At any given time I can pull it up, but then on other times they don’t pull up. I’ve installed Flash Player on my PC. Can you give me any help?

]]> By: Andrew http://www.videocreditscore.com/how-to-get-your-credit-scores/#comment-637 Andrew Fri, 13 Mar 2009 18:55:46 +0000 http://cupcake.me/?p=15#comment-637 Thanks -- that's really helpful. You have a great site here. Your lessons and tips have really helped me get a better handle on how my score is determined and how to manage it. Thanks — that’s really helpful. You have a great site here. Your lessons and tips have really helped me get a better handle on how my score is determined and how to manage it.

]]> By: awjolls http://www.videocreditscore.com/how-to-get-your-credit-scores/#comment-634 awjolls Fri, 13 Mar 2009 14:30:34 +0000 http://cupcake.me/?p=15#comment-634 XPN, EFX, and TU all use FICO scoring on the lending side. Over 90% of all mortgages use the FICO score model. XPN only uses their own score model for what they provide in consumer products like FreeCreditReport.com, which they own. TU offers it's own non-FICO score to consumers via TrueCredit, but allows its data to be FICO scored via myFICO.com. Lenders can't really pretend your credit score is worse, they have to disclose your scores, so if you know your applying for a loan, get that disclosure early. You do have a psychological edge being educated and you seem more educated if you have your FICO scores, in my opinion. I had a Realtor this week complain that she had to reeducate a customer who had a 990 score ranged VantageScore. I wonder if lenders can gain a psychological edge but having to reeducate consumers. XPN, EFX, and TU all use FICO scoring on the lending side. Over 90% of all mortgages use the FICO score model. XPN only uses their own score model for what they provide in consumer products like FreeCreditReport.com, which they own. TU offers it’s own non-FICO score to consumers via TrueCredit, but allows its data to be FICO scored via myFICO.com.

Lenders can’t really pretend your credit score is worse, they have to disclose your scores, so if you know your applying for a loan, get that disclosure early. You do have a psychological edge being educated and you seem more educated if you have your FICO scores, in my opinion. I had a Realtor this week complain that she had to reeducate a customer who had a 990 score ranged VantageScore. I wonder if lenders can gain a psychological edge but having to reeducate consumers.

]]> By: Andrew http://www.videocreditscore.com/how-to-get-your-credit-scores/#comment-633 Andrew Fri, 13 Mar 2009 14:15:48 +0000 http://cupcake.me/?p=15#comment-633 Thanks, that clarification helps. So, basically TU and Experian have their own proprietary scoring systems but ALSO provide a FICO score to those mortgage lenders who prefer to use the FICO system. As consumers, we can no longer see our Experian FICO score unless we get it via a lender, though we can see our Experian proprietary score through Experian's website. Sound about right? I'm also trying to figure out the importance of knowing my exact middle score as a potential borrower. From reading your posts on this site, it sounds like the main reason it is important to know is that it helps you to have a better sense of your bargaining position going into these lenders. If they know my middle FICO score and I don't (because I only have two), then they can pretend my credit is worse than it is and make me a worse offer. But if I know my scores, then I can more confidently press them to give me a better offer based on how good my credit really is. Is that right? Are there additional reasons that knowing my exact middle score is an advantage? Thanks, that clarification helps. So, basically TU and Experian have their own proprietary scoring systems but ALSO provide a FICO score to those mortgage lenders who prefer to use the FICO system. As consumers, we can no longer see our Experian FICO score unless we get it via a lender, though we can see our Experian proprietary score through Experian’s website. Sound about right?

I’m also trying to figure out the importance of knowing my exact middle score as a potential borrower. From reading your posts on this site, it sounds like the main reason it is important to know is that it helps you to have a better sense of your bargaining position going into these lenders. If they know my middle FICO score and I don’t (because I only have two), then they can pretend my credit is worse than it is and make me a worse offer. But if I know my scores, then I can more confidently press them to give me a better offer based on how good my credit really is. Is that right? Are there additional reasons that knowing my exact middle score is an advantage?

]]> By: awjolls http://www.videocreditscore.com/how-to-get-your-credit-scores/#comment-629 awjolls Thu, 12 Mar 2009 17:40:16 +0000 http://cupcake.me/?p=15#comment-629 Now the consumer has it tough as there is no way to get all 3 FICO scores unless you go via a lenders. Raises the important question: are 2 FICOs better than 3 non-FICOs? If mortgage lenders use the FICO system and take the mid score, you have a 67% chance of having that score. I can't say what the odds are when you switch to a scoring model they don't use. To clarify. The TU scores you get on myFICO are FICO scores. The TU score you get on TrueCredit are not FICO scores. EFX is FICO on myFICO and on Equifax.com. Now the consumer has it tough as there is no way to get all 3 FICO scores unless you go via a lenders. Raises the important question: are 2 FICOs better than 3 non-FICOs? If mortgage lenders use the FICO system and take the mid score, you have a 67% chance of having that score. I can’t say what the odds are when you switch to a scoring model they don’t use.

To clarify. The TU scores you get on myFICO are FICO scores. The TU score you get on TrueCredit are not FICO scores. EFX is FICO on myFICO and on Equifax.com.

]]> By: Andrew http://www.videocreditscore.com/how-to-get-your-credit-scores/#comment-628 Andrew Thu, 12 Mar 2009 16:07:22 +0000 http://cupcake.me/?p=15#comment-628 Hi Andy, This lesson needs an update, due to the Experian situation. I went to look for the Fico Complete package, but now it looks like they've replaced it with Suze Orman's kit. Plus, that platinum kit now includes only 2 FICO scores with one pull available at a later time (presumably to make up for the fact that you can't pull the third one you would really want--Experian). Does you recommendation remain the same? Is there another service or combination of services that would get all three scores? Also, a related issue. MyFICO advertises (or used to) that they would get you three FICO scores. But you explain here that TransUnion and Experian use their own, proprietary scoring method. Do they do FICO scores *in addition* to their proprietary scores? Which score(s) does myfico/Orman actually provide? Thanks! Your site is great. I'll definitely click through your buying channels if I decide to go with one of these products. Hi Andy,
This lesson needs an update, due to the Experian situation. I went to look for the Fico Complete package, but now it looks like they’ve replaced it with Suze Orman’s kit. Plus, that platinum kit now includes only 2 FICO scores with one pull available at a later time (presumably to make up for the fact that you can’t pull the third one you would really want–Experian). Does you recommendation remain the same? Is there another service or combination of services that would get all three scores?

Also, a related issue. MyFICO advertises (or used to) that they would get you three FICO scores. But you explain here that TransUnion and Experian use their own, proprietary scoring method. Do they do FICO scores *in addition* to their proprietary scores? Which score(s) does myfico/Orman actually provide?

Thanks! Your site is great. I’ll definitely click through your buying channels if I decide to go with one of these products.

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