Quizzle.com is getting a lot of buzz lately, particularly after being mentioned by Clark Howard as a place consumers can get their credit score for free. While consumers can purportedly get a free credit score once every six months, the problem is that its not a credit score that actually used by lenders.
In other words, quizzle.com is about as useful as say ... I don't know ... me telling you faithful readers what your credit scores are. You right there, your score is 684. You over there, your score is 575. You in the red shirt, yours is 702. Guess what, my credit scoring model is not used by lenders either, so its just as useless as quizzle.com's score.
Don't take this to mean that I am suggesting buying your score from one of the credit bureaus like Experian, Equifax or Trans Union. Oh, much to the contrary, that would be even worse. Then you would be paying for a score that's also not used by lenders. That's right, folks, lenders don't use the big three's credit scores either.
Lenders typically do one of two things - they either set their own criteria for what's important to them, which means that particular lender's scoring model is unique. Or lenders use one of the pre-made scoring models, such as Fair Isaac's scoring model. So if you really want to get your credit score that could actually be a credit score that a lender might use, then you should buy your score from Fair Isaac by going to http://www.myfico.com/. The basic credit report (from Equifax or Trans Union) and FICO's scoring model costs $15.95. The myfico website touts this score as one "lenders use".