Anyone know from experience what the impact on your score is for having a finance company loan? When retrieving my bureau, this was listed as one of the factors affecting my score. I am assuming that Citifinancial is the culprit. Also.. anyone find the score profile from worthknowing.com low, compared to their fico scores? Ouch! It says my score is a 15! Dinah..
NOT~WORTHKNOWING NOT F.I.C.O. NOT~WORTHKNOWING HAS SCORING PROBLEMS... A LOT OF PEOPLE GOT 5... ME... 100... 56... 59... 53... I OWEA LOT LESS NOW WITH A 53, THAN I DID WITH A 100!!!
Re: NOT~WORTHKNOWING NOT F.I. I have been turned down for credit for the sole reason of "Too many finance company accounts" That is when I found out the all of my student loans which were through Sallie Mae were considered finance company accounts.
Re: NOT~WORTHKNOWING NOT F.I. stafford loans are government backed loans but can be administered by different types of organizations, only Direct loans are administered by the Dept. of Education.
Re: NOT~WORTHKNOWING NOT F.I. sorry, I don't think administered was the right term. Serviced it the better term.
Re: NOT~WORTHKNOWING NOT F.I. My worthknowing is a 5 and my FICO is 670. I don't think I'll even get to be a 50+, I'd probably have to own Fair-Isaacs
Re: NOT~WORTHKNOWING NOT F.I. George and "the other", I was fuming when I found out that my Sallie Mae accounts were classed as "finance" accounts, too! I have NO idea how a federal student loan can be serviced by a "finance company", but that's exactly how its reported. I also found Sallie Mae to be very disorganized when it came to credit reporting wrt to other issues. I'm glad I switched all my Sallie Mae accounts to Direct Loans.
Re: NOT~WORTHKNOWING NOT F.I. CNBC or MSNBC or some other financial program was telling about problems with SALLIE MAE (including financial)...PROSPECT FOR BK???
