Repair Credit Score

Archive for the ‘Credit Bureaus’ Category

Question: Which institution in Canada offers personal loans with the best interest rate?

I'm planning to get a personal loan for about 15K over 4-5 years, which Canadian bank or institution I would have the most chance of being approved. My Credit Score with Equifax is around 640.

Answer: ing direct

Canada credit fix Equifax repair2.mov

Question: what credit reporting agency give the best Credit Score?

I seem to have 3 different scores between the different agencies, does one seem to give better scores then the others?

Answer: FICO scores for all three credit bureaus are used by creditors. It is normal for scores to be different as the info at each credit bureau can be different.

If you got those 3 scores directly from the credit bureaus, only the one from Equifax is FICO. The ones from TransUnion and Experian are Vantage (different scale) or the TransUnion might be a TransRisk score (worthless). If you got those scores from a third party monitoring service, they are probably Fakko (their own formula).

Creditors use FICO. Paying for any score other than FICO is a complete waste of money. You can purchase FICO scores for Equifax and TransUnion at MyFico.com. Consumers can no longer purchase FICO scores for Experian.

Dispatch: EU Oversight of US Credit Rating Agencies

Question: Is a FICO Score of 728 good or excellent?

I recently got instantly approved for a WAMU Platinum Mastercard (which I wanted only for the free FICO scores). I checked today and it said Experian FICO Score 728. I don't believe this one of those fako score likes the PLUS or Vantage. The scale tops out at 850+. So when I do the math 728 out of 850 is only an 85.6% (i'm not if this even means anything). I just can't determine if my score is considered good or excellent. Either way I can't complain as I have several cards with no balance and one that's got a balance that is equal to about 80% of the credit line for that card.
Yeah, I already read that this card gives me the bank version of the FICO Score, from what I've seen though, the classic FICO is generally a few points lower than the bank industry FICO. I'm highly interested in seeing how my score will be affected as I get the balance paid off on my one card..thanks guys!

Answer: Good
Credit Rank Credit Score
Excellent Credit 800+
Very Good 750-800
Good 700-750
Fair 650-700
Bad 600-650
Very Bad 300-600
No Credit XXXXXX