Description: The article covers one of the newest credit score called chase journey score which is available to people that have chase credit card, including what we need to know when monitoring score.
Credit wise is also vanished 3.0, so vanish 3.0 is becoming the new free score that a lot of people are not only getting, but they’re being confused, I have no problem with Vantage 3.0, no problem with no credit comment, the difference is that people need more scores they need to see and understand what’s on their credit report.
Speaking of credit reports, when they see this part, they will know what webinar he is talking about, but I do have the webinar that is scheduled for Tuesday December 12th at 9:30 p.m. , Central Time, so make sure you register for that, it is not too late, I’ll put the link down at the bottom as well as the top.
I want to give you a heads up. There is a new guest, I’m not necessary, but don’t be fooled, it’s not something that Chase is going to write, not to go against it, this is just something that Chase is offering as another icing on the cake to say we’re different than these other companies.
You have access to it, today we talk about one of the newest credit score, I guess you can say monitoring programs to hit the marketplace, it is now called the chase journey score, this is available to people that have chase credit card.
There is another way to monitor your score, this is one of the first times I’ve seen a company offer, a FICO score as well as a Vantage 3.0 score, you heard me the Vantage 3.0, it’s the same algorithm as what Credit Karma uses as well as credit wise and wallet hub.
When you have a FICO score with your credit card company, that’s updated once a month, then also keep in mind there are nine scores for each bureaus, you have three times, so that’s going to put it about twenty-seven scores.
That’s not including the FICO 9, because there are different industries of that school, but to keep things simple, it gives you the overall experience FICO score, I believe it’s experience, this is what Chase Bank with the new score.
What they are offering is the chase credit journeys score, this is 100% vanished 3.0 algorithm, the same exact algorithm that Credit Karma uses, they pull from TransUnion, it’s updated every week and they’re saying that it will not give you identity alerts.
I don’t think it is not going to be identity based, if you get an inquiry, if you have a new account things, there are a lot of people that may not be as in touch with the credit industry like that, so it’s good for them to notice that, because some people are not even taking full advantage of the the FICO score.
They’re getting for free, I don’t think people understand that the reason why a lot of people don’t promote FICO is that you have to pay for it, but at the same time, it’s the exact same score that the banks will use.