Team Clark has received multiple questions and complaints from people who had otherwise great credit scores but were denied a loan because of a lower SageStream score. When this occurs, a customer that inquires on the consumer receives only a notification that the consumer has placed a security freeze on their file. The FICO NextGen Risk Score is a scoring model designed by the FICO company for assessing consumer credit risk. The higher the credit limit on the credit card, the lower the utilization ratio average for all of a borrower’s credit card accounts. The utilization ratio is the amount owed divided by the amount extended by the creditor and the lower it is the better a FICO rating, in general.
- Request your personal consumer report to learn what information is reported about you.
- For those of us born outside of the US, we didn’t get an SSN issued at birth.
- However, the company could simply deny you altogether because you have a security freeze on your account.
Keep reading to learn how to opt out of SageStream and take charge of your personal information. And remember that you can listen to the Clark Howard Podcast at any time here. There are other special factors that can weigh on the FICO https://1investing.in/ score. Well, mine was issued 20 years after I was born because I wasn’t born or lived in USA. Carter, the CEO of SageStream and ID Analytics, was promoted this week to also serve as executive vice president of enterprise for LifeLock.
Educational credit scores
Given the extensive data collection, taking steps to remove your personal information from SageStream is crucial for maintaining your privacy and security. Experian has sagestream credit optics score the Plus Score between 330 and 830, and Experian’s National Equivalence Score ranges from 360 to 840. Equifax has the Equifax Credit Score of between 280 and 850.
How to opt out of SageStream – FAQs
It is important to note that you must have the family member’s permission before opting them out of SageStream.
What Should I Do if I’m Denied a Loan Due to My SageStream Score?
And I think it must be – it makes sense – if you’re doing something hinky, you might be using a dummy line or something strange. Double that with this being a relatively unknown CRA (we know, but we’re a bit different from the average bear), which means few people to get bent out of shape about it. But when I moved to NC, I got my current cell phone number, and have kept it since (it was before you could port your numbers, but I had a business cell from my ex-FIL’s company anyway).
Permissible Purposes are mandated by each state, therefore a consumer’s state of residence determines what information is permissible to return. If the purpose has been deemed to be permissible, information will be returned and an inquiry will show on the consumer’s report even when a security freeze is in place. Any inquiries NOT deemed as having a permissible purpose, will not return any consumer information. See what information about you is maintained in our files by requesting a Consumer Disclosure Report. The report includes items such as real estate transaction and ownership data, lien, judgment, and bankruptcy records, professional license information, and historical addresses.
Reviewing the account includes activities related to account maintenance, monitoring, credit line increases, and account upgrades and enhancements. LexisNexis Risk Solutions does not charge a fee to apply, lift or remove a security freeze from your file. The Credit Optics Score by SageStream blends traditional and alternative credit data with machine learning modeling techniques and ranges from 1 to 999. LexisNexis RiskView score, based on wide-ranging public records, ranges from 501 to 900. CoreLogic Credco reports on property related public records and its Anthem Credit Score ranges from 325 to 850.
Last reason was “too many subprime inquiries” which I really do not understand. I’m assuming they are talking about that single inquiry for prepaid phone. I have not seen anything for Credit Optics regarding inquiry retention/use age limitations. However, ChexSystems has a 5 year time horizon for retention of “inquiries initiated by others”. Given the negative comments on my file, 3 years retention is a likely minimum for Credit Optics. I received my Credit Optics score today and my report a few days ago.
Guess I’d be SOL for new credit at BOA if they look at Credit Optics as reported. The content on this site is for informational and educational purposes only and should not be construed as professional financial advice. Please consult with a licensed financial or tax advisor before making any decisions based on the information you see here. In addition to the usual budgeting features, it allows you to link accounts from major banks in 49 countries around the world and has multi-currency capability. Okay using the date that the SSN was issued seems to be seriously problematic when it comes to discrimination. For those of us born outside of the US, we didn’t get an SSN issued at birth.
CreditXpert offers a simulation score to estimate the impact of various actions on a score range of 350 to 850. I received a SageStream report a couple years ago but, no score. So I ordered my SageStream score last month and it finally got here on Tuesday. Normally I like seeing the number 303 (original Denver area code) but not so much here. @Remedios – I preferred to drive without a license until my teenage years.
Some individuals have pointed out inaccuracies in the information presented by SageStream and faced challenges when trying to rectify these errors. Pricing includes a monthly fee of $5.79 for annual subscriptions and $11.49 for monthly subscriptions. After creating an account, you simply provide Incogni with the data you want to remove and authorize them to do the work. If you think that we’ve incorrectly blocked you or you would like to discusseasier ways to get the data you want, please file a ticket here. Once we have verified and processed your request, you will receive a letter in the U.S. I dont care either way, because whatever is on it didn’t prevent me from getting two cards and a loan from US Bank, but I needed something to stress about.
What Is a Good SageStream Score?
If it actually shows my birth date, I can’t think of any other reason than age discrimination honestly. These third party CRAs aren’t really regulated much at all. What makes SageStream especially intriguing isn’t just that it’s a credit-reporting agency owned by a company that compiles proprietary credit scores.
I don’t have anything to hide so I don’t really care as long as the info is accurate. It’s not like I’ve been bad with the credit seeking lately. One account since October last year and not so much as an inquiry besides that new account. Neither SageStream nor the companies that use SageStream provide any guidance on what constitutes a “good” score, so the only real conclusion we can draw is that the closer your score is to 999, the better. You’ll also need to provide a copy of a government-issued ID or other supporting documents to prove your identity. To do this, you must provide SageStream with the family member’s name, Social Security number, and date of birth.
From time to time, you’ll see companies refer to VantageScore, the scoring algorithm and number created in 2006 by the three major credit bureaus – Equifax, Experian, and Transunion. Removing your name and address from prescreening lists won’t affect your ability to get credit or insurance. While SageStream will remove your details from their lists for firm credit or insurance offers, you may still receive offers from other sources unrelated to SageStream. You can opt out by requesting your name and address to be removed from SageStream’s lists. This stops you from receiving unsolicited credit and insurance offers. By doing so, you gain greater control over the offers you receive, protecting your privacy and reducing unwanted communications.
If someone says “credit score,” they usually mean this one. Some or all of the card offers that appear on the WalletHacks.com are from advertisers and may impact how and where card products appear on the site. WalletHacks.com does not include all card companies or all available card offers. Yep I had the same thought about discrimination based on the date and I don’t know how these companies get away with blatantly discriminating against people. Yes, you can freeze your credit with SageStream, just as you can with the three major bureaus. This will in turn will block lenders from seeing your SageStream score.
And if they have the DOB to compare with, that can easily allow them to segment non-native-born people. I will update this story with my score if and when I receive it in the mail. In this article, I’ll explain what SageStream is, how your SageStream score might be used, and what you can do to protect yourself from being denied credit because of it. Yes, you can opt out of SageStream for a family member online, by mail, or by phone.