Tuesday, May 13, 2008

Quizzle - No Straight A's for Me!

If you haven't heard already, Quicken Loans has a new site out there called Quizzle. It's a site that will give you your entire financial snapshot, to include a free credit score by Experian. You don't give out your your social security number, just your name, birthday and your address. Here's how it panned out for me.

After inputting the data, verifying your email and answering a few questions about things only you would know from your credit record (at least hopefully), you are presented with a snapshot of your finances. They give you a number and letter grade for your credit, home value, budget, mortgage and rainy day fund. I got an A in credit but a big fat D for our home value...go figure in today's market....especially here in Florida.

You can read more about other bloggers thoughts on Quizzle below.

Quizzle Blog

EquiDash Blog

What's the Diff?

Banker Girl

Net Banker


I went ahead and used a disposable email address...just in case they decide to bombard me with offers. They keep saying there is no catch on the site. Quizzle has even been featured in the Wall Street Journal twice to supposedly high reviews. I'm assuming that they will send you mortgage offers, if you have good credit and if you have some equity or wiggle room in your mortgage...of course my equity was as low as you can get....zero, null, nada...guess I'm not going to be getting any offers. I'm crying over it already.

I did check out the budget tool. Nice little gadget where you can go in and add your expenses and debt. It's worth a look. The home valuation tool uses the automated valuation model (AVM), which a lot of people aren't very thrilled over. I think I've gotten a more accurate valuation over at Zillow. For example, here on Quizzle, they aren't taking into account home sales of homes with pools or no pools (we purchased our home without a pool and added it later). We are just being compared by square footage and number of bedrooms it seems (none of the other homes had large lots or pools). So I'll take Quizzle's value with a little grain of salt.

All in all, a neat site to get a quick fix of your situation and worth a visit. Have you tried Quizzle yet? Your thoughts and opinions?

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