- Apr. 2006
What is VantageScore?
VantageScore actually stands for VantageScore Solutions, LLC , which will probably (later in 2006) be the new method used to calculate credit scores.
VantageScore hopefully will make it easier for the loan companies to evaluate loan applications. It is intended to provide a consistent scoring method that works with all three agencies and also provide you with a score that you can understand.
The scores reflect how much debt you have , how good you have been paying back loans and how many credit applications you have outstanding. The higher the score, the more creditworthy you will be considered and the lower the interest rate you will be charged.
In the past the three agencies used their own formulas to generate scores that could widely differ.
When VantageScore becomes effective the scores should be virtually the same. The only difference should be within the data they have collected.
VantageScore ratings will range from 501-990. The top is slightly higher than the FICO scoring.
- Dec. 2005 Where is the most expensive land in the United States? It may be in Spencer, Indiana. Owen County Officials are selling a one square-inch plot of land for $1,500. An acre of land at that rate would cost over $9 billion.
- On Wed., Oct. 12, 2005 the Indianapolis Business Journal (IBJ) reported the state's newest foreclosure numbers. According to IBJ, the number of new residential property foreclosures in Indiana rose just over 8 percent in September, up from a 14-percent decline in August, according to Foreclosure.com, an online foreclosure listing service. New foreclosures in the state totaled 1,785, up from 1,406 in August. Nationally, new foreclosures fell 18 percent in September. Total foreclosed properties for sale in Indiana last month rose slightly to 5,122, from 5,031 the month before. Nationally, total foreclosures dropped 6 percent in September.
- July 2, 05 = The California Association of Realtors predicts California's median price of existing single-family homes will hit $523,150 this year, 16 percent more than 2004's record of $450,990. That compares to a 21 percent growth rate increase in 2004.
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