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Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
27439 posts

E-Credable, thoughts on this. updated link.

correct link lol

Alternative credit score, based on how well you pay your monthly bills for things like Utilities, Mobile phone, Insurance, Rent, Cable.

BY LAW, and upon your request, ALL creditors and lenders MUST take the information contained in your AMP Credit Report® into consideration when evaluating your credit.

Seems like a much better indicator of financial responsibility than the FICO score, which is based on how well you pay off debt.
This post was edited on 2/20 at 8:45 am



HeadyMurphey
LSU Fan
Los Santos
Member since Jan 2008
16046 posts

re: E-Credable, thoughts on this. updated link.
Wrong link


Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
27439 posts

re: E-Credable, thoughts on this. updated link.
shite. Gotta fix that


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Will Cover
Air Force Fan
Brentwood, TN
Member since Mar 2007
26405 posts

re: E-Credable, thoughts on this. updated link.
quote:

E-Credable


eCredable is a financial scoring service that takes into account the regular bills you pay that are not typically reported to the national credit reporting agencies, such as utility bills, cell phone bills, insurance premiums, day care, school tuition and many others. If you consistently pay your bills on time, then you can maintain a good “alternative” credit score (the people at eCredable call it your AMP credit score) without having to resort to using credit cards and other forms of debt just so you can maintain a good traditional score.

Your AMP credit score is easy to understand because it uses a grading system of A-F just like you had in school and improves or declines as your bill paying history progresses. A great feature of the eCredable AMP score is that, by law, it can be used as a standalone report and must be taken into consideration by a creditor if you request it. It can also be used as a supplement to your traditional credit scores from Equifax, Experian and TransUnion.

One more reason why having multiple credit card accounts aren't absolutely necessary.


This post was edited on 2/20 at 10:21 am


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