Colorado Springs Vintage Homes Blog
719.287.1049
Will VantageScore Bring Consistency?
Colorado Springs Vintage Homes is happy to feature a great article
on Credit Scores submitted by
Harry Venik with Adams Mortgage, LLC
Search for Homes in Colorado Springs
Related Articles:
- Pre-Qualification or Pre-Approval, which do you need to buy a home?
- Will VantageScore Bring Consistency?
- Colorado Springs Mortgages — tips for consumers on points
- Marriage and Mortgages FAQ’s
- How do I get a down payment for Homes in Colorado Springs?
VantageScoreSM Solutions, LLC, is a joint venture between the three 
powerhouse credit scoring bureaus, Experian®, Equifax, and TransUnion®. Launched in March 2006, VantageScore has two very ambitious goals:
- To reduce credit score inconsistencies across the three companies
- To help consumers better assess and interpret their credit scores.
In the past, credit scores could vary significantly across these three companies, creating Read the rest of this entry »
Credit score explanation
10 Things to Understand About Your Credit Score
Search for Homes in Colorado Springs
As lenders have continued to become more selective in issuing loans,
It’s more important than ever to understand your credit score
(1) What is a credit score?
• It’s a 3 digit number, the higher the number the better
• It is a statistical equation, and used to assess credit risk
• It’s used to see who qualifies for a loan and what type of interest rate they qualify for
• It’s the determining factor on whether you can obtain financing, and at what cost
(2) What is used to determine my credit score?
• Some of the information included in determining a credit score are: Read the rest of this entry »
