Comments on: TrueCredit Helps Consumers Navigate Smart Auto Purchases http://www.autocreditexpress.com/blog/2009/02/19/truecredit-helps-consumers-navigate-smart-auto-purchases/ How to get an Auto Loan with Bad Credit - Auto Credit Express Wed, 17 Mar 2010 05:46:18 +0000 http://wordpress.org/?v=2.6 By: Willby http://www.autocreditexpress.com/blog/2009/02/19/truecredit-helps-consumers-navigate-smart-auto-purchases/#comment-1396 Willby Fri, 27 Mar 2009 17:47:42 +0000 http://www.autocreditexpress.com/blog/?p=510#comment-1396 I like and use truecredit myself. However, consumers should be aware that the credit scores that they offer on their system are not FICO scores. Truecredit scores are based on the Vantage score which was developed by Experian, Equifax ans Transunion so that they could try and compete with the most widely used credit scoring formula, FICO (from the Fair Isaacs Corporation. The vantage score is not widely used by lenders at this time, but truecredit is a useful tool to monitor your credit and most of the things that they recommend to improve your score wiill also improve your FICO score. I like and use truecredit myself. However, consumers should be aware that the credit scores that they offer on their system are not FICO scores. Truecredit scores are based on the Vantage score which was developed by Experian, Equifax ans Transunion so that they could try and compete with the most widely used credit scoring formula, FICO (from the Fair Isaacs Corporation.

The vantage score is not widely used by lenders at this time, but truecredit is a useful tool to monitor your credit and most of the things that they recommend to improve your score wiill also improve your FICO score.

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