Check credit scores Arkansas

About 18 months ago, the bureaus began offering lenders an alternative score: VantageScore, based on an algorithm of their own contrivance. By pooling their data, the bureaus claim, they've come up with a scoring tool more accurate than FICO.

The Big Three have begun to whittle away at Fair Isaac's long-held dominance of the credit-scoring market. "We expect VantageScore to become the pre-eminent offering over time," Experian's Girard says. Experian and TransUnion are simultaneously delivering VantageScores as well as other proprietary scores to consumers who check credit scores Arkansas have no inkling how the bureaus' proprietary scores differ from their FICO scores, personal finance experts say. "Fair Isaac has done a good job of almost having a monopoly," says Chris Larsen, founder check credit scores Arkansas of E-Loan and Prosper.check credit scores Arkansas com, online consumer lending services. credit report protection "Now we see the bureaus themselves trying to take over that business." As this rivalry heats check credit scores Arkansas up, consumers need to know that buying a credit score from Experian or TransUnion generally means you are not buying your FICO score. Or Experian's Plus score or TransUnion's TransRisk score. "The thing that concerns us the most is that they're not telling consumers the scores they're buying are different, and they're implying their proprietary scores are the ones used by everybody," says Fair check credit scores Arkansas Isaac COO Michael Campbell. check credit rating The only place consumers can buy FICO scores are at Fair Isaac's consumer website, myFICO.com, or at Equifax.com. Equifax is the only bureau that sells FICO scores to consumers. While trying to rebuild his credit to buy a house, William Palmer, 26, check credit scores Arkansas a tech professional in Chattanooga, Tenn., found that the credit scores he purchased check credit scores Arkansas online from Experian and check credit scores Arkansas TransUnion were 30 to 40 points higher than his FICO score, purchased check credit scores Arkansas from MyFico.

"The scoring system is all over the board," Palmer says. The bureaus say their websites offer extensive guidance.

And they say VantageScore and their proprietary scores do as well as Fair Isaac's FICO score in pegging a person's creditworthiness.

While declining to answer questions about Wendy Temple, TransUnion's Katz noted that the TransRisk score assesses "how lenders are likely to view them as a loan candidate." Maybe so, but Temple's hopes were dashed because no one told her that her TransRisk didn't correlate with her FICO score. check credit report She was trying to rebound from bankruptcy, check credit scores Arkansas stemming from taking a lower-paying job so she could help her ill mother.