revenue score – $aving Money Tip$

The credit score you receive may be much higher or lower than the one a lender uses when deciding whether to give you a mortgage, credit card or auto loan, a new government report finds.One out of five consumers is likely to receive a score that is “meaningfully” different from the score used by a lender to make a credit decision, according to study from the Consumer Financial Protection Bureau that analyzed 200,000 credit files from the three major credit bureaus, TransUnion, Equifax and Experian.As a result, many of these consumers receive either better or worse terms on mortgages, credit cards, auto loans and other credit products.”This study highlights the complexities consumers face in the credit scoring market,” said CFPB Director Richard Cordray in

Credit Score & Credit Repair

admin December 11, 2011 behavior score, revenue score

A Credit Score That Tracks You More Closely

By: Tara Siegel BernardAnyone who has recently applied for a mortgage knows that lenders are already looking much more closely at your financial affairs. But soon, they’ll be able to easily delve into the deepest recesses of your financial life, accessing information that never before appeared on your credit report.This week, a company called CoreLogic introduced a new type of credit file, which is based on the giant repository of consumer data it maintains on just about everything that most of the traditional credit bureaus do not: missed rental payments that have gone into collection, any evictions or child support judgments, as well as any applications for payday loans, along with your repayment history. The new report also includes any property tax liens and whether you’ve