A Look At Quizzle - A Free Credit Report / Score Site
Personal Finance
It seems like a new free credit site is popping up every day now. Quizzle is yet another site, but unlike some other sites it offers a free credit score and report (Experian PLUS). It is also owned by Quicken Loans which may ease some of your concerns over giving your person information to an unknown company.
What It Provides
The site also gives you some information beyond just your report and score. It takes some information you provide as well as some from your credit report to determine your financial status. Below is a screenshot of the main screen once logged in:
As you can see, it also gives you an approximation of your home’s value (though I have no idea where they are getting this information from), the equity you have available from your mortgage, and grades on your estimated budget and your rainy day fund. I didn’t find any of these numbers particularly useful since I have no idea where this is coming from and prefer to do my own analysis.
The site does offer your exact credit score as well as a detailed credit report with everything in it, which is a plus. It does also give you a bit of analysis on ways to improve your score as well.
Overall Impressions
Overall, if you are looking to get both your credit report and credit score for free Quizzle is a place to check out. Unlike some of the other new sites out there they are not making their money off Advertising, but rather trying to upsell you a loan so you may get some junk mail or phone calls as a result of it (yet to be seen).
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Great post! I just wanted to allay any potential Quizzlers concerns about creating a Quizzle account. Quizzle, and the folks at Quicken Loans, will only send an occasional e-mail if we have important site updates to share. And we will NOT call you unless you ask us to. A big part of the vision for Quizzle is to give site users a choice. We will not force anything on you — we’ll give you options and it’s up to you to pursue those options further.
Quizzle looks like a pretty unique and cool concept. I just find that with most credit scores, it seems like the ringtones industry, they say they are free but are they really? They LOVE to upsell but hey, I guess that’s the way of making a living.
I just signed up after reading the WSJ article over the weekend mentioning Quizzle. I admit the user interface is the most friendly and pleasant I’ve ever seen on a financial planning site (far better than myfico). I am very curious how frequently I can pull my credit score for free, though, unless it is a one time deal.
Also, the “mortgage recommendation” wizard completely botched by situation. I happen to have three mortgages on three separate properties (two investments and my primary residence). Quizzle’s wizard automatically assumed the first two mortgages on my report were tied to one property (as a 1st lien + 2nd lien), and advised that I refinance all of them into one mortgage (not allowed)! Also the wizard completely ignored my 3rd mortgage (amusingly, the one that is actually my primary residence).
Quizzle offers a “Change My Numbers” feature, but I tinkered around for a few minutes and couldn’t figure out a way to specify that each mortgage belong to its own property, not a 1st/2nd lien situation that can be rolled into one.
Ah hah, a few more minutes of tinkering and there is indeed a way to specify a mortgage as 1st lien, 2nd lien, or “other” (which I use for investment properties). The mortgage recommendation wizard updated itself automatically to take into account the changes. Not bad.
Sadly, the first recommendation is to cashout refi to pay off my credit card debt, even though I specified that my credit card debt is 0.00% APR (I’m doing a 0% APR promo scheme). The second recommedation wants me to refi my 30-year fixed into a 3-year ARM, to save 1/8 of an interest rate point!