Sagestream Score

What Is a SageStream Score?

When applying for a loan, a lender would definitely check your credit score history with the three major credit reporting bureaus – Equifax, Experian, and TransUnion. A lender can also check your SageStream Score depending on what kind of loan you’re applying for with a company called SageStream.

Since we’ve heard a lot of people asking multiple questions and having multiple complaints about who had great credit scores but are denied a loan just because their SageStream score was low.

The blog explains what SageStream is, how your SageStream score can be used, and what you could do to save yourself from being denied any credits because of SageStream Score.

What Is SageStream?

The origins of SageStream are not known, but the company is like the other three credit reporting bureaus that keep records of your credit scores to lenders. However, this reporting agency is a secondary credit reporting agency. Equifax, Experian, and TransUnion are primary reporting agencies regulated by the FCRA – Fair Credit Reporting Act.

SageStream claims that it generates credit score insights into people’s creditworthiness and enhances the traditional credit decisions.

Lenders use credit scores to determine how likely you repay your loans promptly. The credit scores that SageStream produces range from 001 to 999, whereas the credit scores produced by other primary reporting agencies, including FICO credit scores, can range from 300 to 850 or from 250 to 900.

It means a lender would look at your SageStream score if they want to and your FICO credit score provided by the primary reporting agencies.

SageStream gathers its information in a nontraditional way. Their sources of information largely rely on the relationship of people with wireless providers, internet service providers, and how well they are at paying their bills.

Here is a list of different types of companies/agencies which use SageStream scores;

  • Credit card issuers
  • Retailers
  • Wireless service providers
  • Automobile lenders

Even though many people are not aware of the company and the use of its score by lenders, you cannot deny the company’s legitimacy. At least Ally bank in the states is for sure to use these SageStream scores, but beyond that, things fall into a gray area.

How Do You Calculate Your SageStream Score?

Calculating the SageStream score is a bit of a mystery, to be very honest. How it calculates the scores of the credit consumers that they provide to the lenders is not as clear as it should be. In contrast, the FICO scores that we generally know how to calculate for the three primary credit bureaus. The SageStream agency is not less than accessible about how they arrive at your credit scores.

The website of SageStream Score says that the consumer credit score produced by different consumer reporting companies may differ from each other. The difference depends on the consumers’ data collected by the reporting company. The reasons they have established for these differences are time and model. They say that the difference comes when the time the credit score is calculated is different, and the credit score model the agency used to calculate the score is different.

Does this confuse you, right? Or you may find it irrelevant? But you will not find any further information on SageStream’s website that can refer to the data they use or what model they use to calculate the consumer credit scores.

How Can You Find Out Your SageStream Score?

To calculate your SageStream score, you will be requested to provide the following personal information mentioned below;

  • Name
  • Date of birth
  • Social Security number
  • Address
  • Phone number

You are also required to provide a copy of your government-issued I.D. or any other supporting documents that will prove your identity.

As soon as you finish completing the form, you will receive a confirmation message through your email with your credit score report attached to it. 

Despite the unavailability of how the score is calculated, you get a request option directly from the SageStream to get your scores to report ready.

Why Does SageStream Show Your Score Much Lower Than Other Credit Scores?

There could be numerous reasons why your SageStream score is calculated much lower than your other credit scores. However, pointing out specifics without having insights into the credit factors and scoring model is impossible.

However, based on the information and the complaints people have made after getting denied a loan, we assure you that it happens, and lenders consider SageStream scores before approving any loan application. 

The different credit reporting agencies use different formula to determine your score. Your Experian score can turn out different from your TransUnion score, even if they are working with the same information available about you.

This issue gets complicated because the SageStream score company uses a different scoring scale. FICO’s score system ranges from 300 to 850. Equifax, Experian, and TransUnion, the big three credit reporting agencies, also use the same score scale. On the contrary, the SageStream credit scores scale ranges from 001 to 999.

Moreover, neither SageStream nor the associated companies with SageStream will provide any information or guidance on what will help you constitute a good score. So if you want your SgaeStream score to stay as good as your other credit scores, try to keep your score as close as possible to 999. 

Can You Freeze Your SageStream

The answer to this question is pretty straightforward, yes, you can freeze your SageStream credits, just like you can with the other primary bureaus. It will block the lenders from accessing your SageStream score. 

To get your SageStream freeze, you can request a security freeze by using one of the following options.

  • Submitting a freeze request online by completing the Security Freeze Request Form.
  • Sending a written request by mail to the following address: SageStream, LLC Consumer Office, P.O. Box 503793, San Diego, CA 92150
  • Sending a request through Fax at (858) 451-2847

In any form of request, you are required to provide the following personal information;

  • Name
  • Date of birth
  • Social Security number
  • Address
  • Phone number

You also need to attach a copy of an I.D., government-issued, or any piece of documentation that can prove your identity. 

Once your freeze request is in place, The SageStream will be prohibited from releasing your credit score or your credit report to any lenders without your authorization.

Final Thoughts

The only real conclusion we can give you for a better credit score report. If you have any concerns regarding your loan application getting turned down your SageStream score, or think you need to take one more step for your identity protection, getting a freeze on your SageStream in place would probably be the advice one can give.

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