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Transunion and giving us our s

Discussion in 'Credit Talk' started by roni, Nov 11, 2000.

  1. Nov 11, 2000 #1
    roni

    roni Well-Known Member

    I was re-reading the tranunion's info at their site about giving consumers their scores by the end of the year. If you read it carefully, it says they are working on the scores now. To me that kind of sounds like they are gonna give us an imitation score. Why would they have to work on something they give out everyday. I figure it will be like the Worthknowing score or the 123creditprofiler score. Thoughts?

    roni.
     
  3. Nov 12, 2000 #2
    Killer

    Killer Guest

    RE: Transunion and giving us o

    Yea I heard it will not be the same scoring system used for creditors. That's no good!
     
  4. Nov 12, 2000 #3
    BLE103

    BLE103 Guest

    RE: Transunion and giving us o

    Ethier they use the real software for calcalating the score or could transunion be hit with a lawsuit for flasefication of consumer information on their credit scores?
     
  5. Nov 12, 2000 #4
    sam

    sam Well-Known Member

    RE: Transunion and giving us o

    Trans-union has so many scoring models it's not funny. Seriously, theres scoring models for credit, car, residential,collections etc etc. I mean seriously gotta be at least 5 different models, and several variants of each of the scoring models..
     
  6. Nov 12, 2000 #5
    Johnny

    Johnny Guest

    RE: Transunion and giving us o

    I have a loan company when i run a report on a subject that want's to buy a auto i get the score every time.

    Overland Loans
     
  7. Nov 12, 2000 #6
    GEORGE

    GEORGE Well-Known Member

    RE: Transunion and giving us o

    I'm sure they are not going to have a scoring system that is useless.
    JUST A THOUGHT.

    IF MILLIONS ARE EXPECTING USEFUL NUMBERS, AND THEY HAD A USELESS SCORING SYSTEM, THEY WOULD HAVE THOUSANDS OF CALLS EVERY DAY, AND BAGS OF MAIL, EVERY DAY.

    Still waiting on the edge of my seat for it to came out.
     
  8. Nov 12, 2000 #7
    db

    db Guest

    RE: Transunion and giving us o

    I read somewhere that Governor Davis in California signed a bill that will require credit grantors to divulge fico scores. I believe the bill is supposed to take effect July, 2001. Anyone know anything about this?
     
  9. Nov 12, 2000 #8
    Momof3

    Momof3 Well-Known Member

    Well shoot.

    What would be the point on that I want my real scores darn it. I hope not but after reading it, it sures seems like it will be some goofy scoring system and not FICO, but we can always hope right??
     
  10. Nov 12, 2000 #9
    RichGuy

    RichGuy Guest

    RE: Well shoot.

    Maybe FICO is goofy, and this other score will be an accurate representation of your current ability to repay credit.
     

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