Dear Jason, Privista is pleased to introduce a new and improved credit score as part of your Credit Insight subscription! Many of our customers have asked for a credit score that uses the same scale and criteria that creditors use when evaluating your credit. One that includes detailed, personalized explanations of the factors affecting your score. Well, it's here... and it's included FREE with your membership! Your new and improved score is powered by CreditXpert, the leading credit-analysis company. It gives you: - Most widely recognized scale of 350 to 850 -- the same used by many creditors - Full list of positive AND negative factors affecting your credit - Personalized tips for improving your score Login to Credit Insight now and get your new score and personalized tips! https://www.privista.com/credit_insight/credit_rating.jsp This new score replaces the old Credit Insight rating. We are confident that you'll find the increased accuracy, industry-standard scale, and personalized recommendations to be a major enhancement! ======================================== OTHER IMPORTANT FACTS AND FEATURES! - Your new CreditXpert score is based on the industry-standard scale of 350-850, the one used by most creditors. Armed with this information, you'll be able to deal more effectively with creditors when trying to get the best terms on your loans and credit. - Who is CreditXpert? CreditXpert pioneered the first personalized credit scores and analysis specifically for consumers. The CreditXpert proprietary technology is based on a combination of advanced statistical techniques and sophisticated analytical methods, resulting in extremely accurate predictions and powerful analysis. - Please note that your new score could be rated higher or lower than your previous Credit Insight rating. That's because your new CreditXpert score uses even more factors when calculating your score plus a more sophisticated method. We hope you'll appreciate the accuracy of this new score.
Yea, and it's a stinking joke. I just got that email, went to check my score and this is what I got: Your credit report does not contain any credit account that we can use to rate you. Either you do not have any credit accounts at all, or you have disputed charges on the accounts you have, and, by law, we cannot use any disputed information. You have a credit report that many lenders call a "thin file." Because we do not have enough information about the way you use credit and pay your bills, we cannot provide you with a CreditXpertTM Credit Score(tm). For the same reason, lenders may consider you high risk, and you may have difficulty getting new credit. You may have to manage with higher fees and/or interest rates, required deposits, and/or down payments. Because you do not have enough accounts, you may want to open more accounts, especially credit card accounts. You may find it easier to get credit from the bank where you do business or by applying with another person (a "co-signer"). Meanwhile, you may want to delay applying for an auto and/or mortgage loan until you have more credit history. To build a good credit history, start by always paying all your bills on time. So, they are saying that my 10 credit cards aren't enough, and that 17 total positive accts. are not enough to rate me and I have a thin file. BS. I just sent them an email. If this is what I get for my money, then I want my money back.
OK, my new privista CreditXpert score gives me a 659. Thats lower by 5, but close to my real FICO. But check out these reasons: Top negative factors that make your score lower: Last reported month, you missed at least one payment on 2 account(s). Yep, 3 & 4 years ago, wtf? You currently owe $4,133 on your revolving account(s). I have 96% of my credit available. So this is bad why? You opened your first credit account 17 years and 11 months ago. For the life of me I can't figure why this is bad. This should be a good thing.
This score is totally crap LOL. Hmm let's see on Monday I had 92 out of 100, considered excellent credit, equifax 690, I now have "fair" credit and a whopping 606. Hmm fiance, had a 68 out of 100, good credit, equifax 668, he now has 630 and fair credit. What a crock ................ Also note I have 73% of my available credit, while he has under 40%, ROFL.
The score they gave me was 99 out of 100 with the old system, which I knew was wrong! The creditexpert score from Privista gave me a 681, in the good category. It was about what I expected. Next Monday, I am going to order my REAL FICO and see if the same factors, etc and score come up. Trans Union and Experian are much higher, 743 for TU and 733 for EXP. Equifax has all the damn inquiries. Need to work on getting those deleted.
I had a 96 on the old system, excellent...now have 691, good, on new system. According to CRA reports recently, the 691 is very close. Negatives are high balance on one card (low BT rate), and a notation that I have average balance of $1259 on my cards...which is incorrect as I have 8 cards and a total of $7300 in debt...they are counting my son's MC on which I am an AU. What really chaps my behind, is that I have been fighting for 5 months with EQ over the fact that I have a 10k CL on Discover, and they refuse to report it, instead showing $1800 high balance. I just disputed this for the fourth time....give me your opinion, if they don't correct it this time, should I threaten to sue, since they are damaging me by skewing my FICO? It's going to be interesting next month, since I have added $3200 in CL (if I can get the CCCs to report it. Citi and BOA haven't reported for months) and I had myself taken off as AU on another card. I believe that I would break 700 if EQ and the CCCs would get off their duffs and report correctly
I would definitely threaten to sue, or call Discover and see what they could do for you about it. The CRA's are full of horseshit, and they need to get their act together.
I don't think it's Discover's error....the CL is correct on my other reports. Equifax just refuses to correct.
I would just call Discover and alert them to the problem you are having with the bureau, and ask them if there is anything they could do, such as send a certified document to the CRA demanding that they list the correct credit limit. It's worth a try, as it sounds like you've gotten nowhere with the damn bureau.
Been there, done that....Discover requested that I request EQ contact them for a "dispute verification" form, which I did, but I don't believe EQ followed through on it...I guess I could call Discover and ask if they ever received a verification form from them. The people I have talked to so far at Discover are puzzled at the fact that the only one reporting in error is EQ....says they report the same thing to all CRAs....
