“By combining traditional and alternative data with our patented credit analytics, Credit Optics delivers a more accurate assessment of credit risk than traditional credit scores alone,” said Patrick Reemts, director of Credit Risk Solutions at ID Analytics. 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. Applying a security freeze prohibits LexisNexis Risk Solutions and SageStream from releasing your LexisNexis Consumer Disclosure Report, your SageStream Consumer Report, or your credit score without your express authorization. The security freeze is designed to prevent credit, loans, and services from being approved in your name without your consent. However, a security freeze does not apply to companies, or collection agencies acting on behalf of such companies, with which you have an existing account that requests information in your consumer report for the purposes of reviewing or collecting the account.

My SageStream Credit Optics score is awful, hows yours?

But it’s important to note that lenders or credit card companies can request that you remove a freeze when applying for credit. If they can’t see your report, they may not extend the credit. Another challenge to using artificial intelligence, specifically neural networks, in credit scores and models, is that it’s harder to provide the needed “reason code” to borrowers — the explanation of why they were denied credit. The ID Network includes data from over one billion consumer transactions and more than two million confirmed identity frauds.

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I could not find a single person on any website, that was not linked to Sagestream, that had anything good to say about them. They appear to be a company that intentionally reports low scores for people, and also, I have not seen anyone other than Ally Financial that uses them. Sagestream does not appear to be able to explain to anyone what constitutes a “good” score in their system….they also do not appear to be able to even describe how they calculate scores. Tons of examples of people having really great credit scores through the big three….but their Sagrstream score is even as much as a few HUNDRED points lower than the others–with no explanation. A consumer’s credit score used to be a commonly understood number — the time-honored FICO score — that banks all used in their underwriting.

You need a decent mix of accounts–revolving, installment, etc.  Other factors are age of your credit, debt to income ratio, and so on. SageStream is a consumer reporting agency that is part of LexisNexis® Risk Solutions and provides consumer reports and scores regulated by the Fair Credit Reporting Act (FCRA). Technologies like Hadoop, which allow massive amounts of data to be stored and analyzed quickly, are making AI-based credit scores possible, said Peter Maynard, senior vice president of global analytics at Equifax. A consumer has the right, pursuant to state law, to request a security freeze be placed on certain LexisNexis Risk Solutions reports, and for LexisNexis Risk Solutions to not release those reports without the consumer lifting the security freeze. 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.

How to freeze your SageStream credit report

Companies with an interest in enhancing their credit decisions should contact email protected. Once we have verified and processed your request, you will receive a letter in the U.S. Im looking to to remove a few extra no approved application inquiry from my Transunion and equifax report. I’m not familiar with the company, just a place the dealership ran me through.

ok spent an hour on the phone with a Sagestream supervisor.. results

• “Distance between address and area code of phone.”  I live in the geographic area assigned to my area code.
• My motto is probably not liked by many here but idk; if the issuer cannot approve me via EX, EQ, and TU reports, I need to evaluate how badly I want that card seriously.
• Credit Optics is designed to function as both a stand-alone credit score or as a “plus one” score to enhance the power of existing credit scores.
• But in the end, consumers won’t be confused, according to Ulzheimer.

However, we have started to see an increase in use, specifically with Synchrony as well as an increase of other models like Sagestream’s Credit Optics. I wouldn’t be surprised if Comenity also used them as the recent knee-jerk reaction closures could be related to plunging VantageScores. We won’t know though unless people decide to see if there’s a correlation. If you read the article I posted, it says that they use “nontraditional” means.

I was denied for some credit sagestream credit optics score product because of Sagestream. Browse credit cards from a variety of issuers to see if there’s a better card for you. Experian has 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. CreditXpert offers a simulation score to estimate the impact of various actions on a score range of 350 to 850. Ratesfeed connects the key players in the world of finances.

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• Elevate is deploying its new, AI-based models gradually, starting with 1% of potential borrowers, testing the results, and gradually applying them to more people.
• A consumer has the right, pursuant to state law, to request a security freeze be placed on certain LexisNexis Risk Solutions reports, and for LexisNexis Risk Solutions to not release those reports without the consumer lifting the security freeze.
• Sure alot of people have cleaned up their Lexis Nexus report although they pull from all kinds of sources and DB’s and their information alot of time is as good as the data source they pull from and likely to have repeat process of cleaning up report every few years.
• Many consumers have discovered their SageStream credit score is often lower than credit scores calculated at the major credit bureaus.

Sure alot of people have cleaned up their Lexis Nexus report although they pull from all kinds of sources and DB’s and their information alot of time is as good as the data source they pull from and likely to have repeat process of cleaning up report every few years. I dislike LN and known people that have worked for them and they admit is is a mess sadly enough. 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.

The use of AI offers lenders the ability to get a precise look into someone’s creditworthiness and score those previously deemed unscorable. LexisNexis Risk Solutions offers security freezes–and lifts security freezes–free of charge. 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. Sorry — just had to get that off my chest — there are sooooo many of these niche “Credit reporting agencies” now that it is impossible to keep up with all of them and know who is using what.

There are two main reasons to use artificial intelligence to derive a credit score. The other is to be able to consider people who might not have been able to get a credit score in the past, or who may have been too hastily rejected by a traditional logistic regression-based score. In other words, a method that looks at certain data points from consumers’ credit history to calculate the odds that they will repay. ID Analytics, the leader in on-demand identity intelligence, protects both organizations and consumers by providing unprecedented visibility into fraud risk and credit potential.

And instead of considering one variable at a time, an artificial intelligence engine can look at interactions between multiple variables. Create your account and connect with a world of communities. Stack Exchange network consists of 183 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.