I read this over the weekend, and believe it, (but I can HARDLY believe it because it seems so inherently unfair) that FICO scores can go up (or down) tremendously depending on job sector. For instance manufacturing sectors give a +50? Does anyone know what technology jobs in the utility field gain? Or does anyone have any links to more insight on this aspect of FICO scoring? I would also also like more links with respect to mortgage information and the best way to achieve a good prime rate. Sent out validation letters crrr this morning, hope they work! K
Where'd you read this? It would seem to have more to do with an internal scorecard developed by FICO for one of the lenders rather than the general FICO you can obtain.
This is from the FAQ section on www.myfico.com : What do FICO scores ignore? - Your race, color, religion, national origin, sex, or marital status. - Your age. - Your salary, occupation, title, employer, date employed, or employment history. - Where you live. - Any interest rate being charged on a particular credit card or other account. - Certain types of inquiries (such as promotional, account review, insurance or employment-related inquiries). - Any information not found in your credit report. - Any information that is not proven to be predictive of future credit performance. wajaba
Sorry Wajaba, I meant that to Kirby. I didnt think that your job had anything to do with scoring. Jamee
I suppose I should have said scoring model with regard to mortgages. I can't find the original site, which I think was on moneycentral, but it had like a grid of occupations and what each occupation was worth (or not worth). I do remember manufacturing was +50 points and then there were neutral marks for other scoring criteria. I will try and and find that again. Gotta go to a meeting, will post back when I find it.
In fact, I learned from some earlier post that Equifax is no longer even keeping employment info on their reports. They won't delete any listings that are already there (unless you request it), but they won't add or update anything, either. wajaba
What do FICO scores ignore? - Your race, color, religion, national origin, sex, or marital status. This probably isn't taken into consideration. - Your age. Ha! This is why I lose FICO points because my credit history hasn't been established long enough. - Your salary, occupation, title, employer, date employed, or employment history. Probably not considered, but the Fair Issac site that George posted kind of goes against this, doesn't it? - Where you live. What a bunch of bull doo doo. We all know they rate us by our zip code and what type of home we live in. Otherwise, I wouldn't have 15541-4651 (Single family home) or 16431-1654 (Apartment complex) on my reports. - Any interest rate being charged on a particular credit card or other account. True. - Certain types of inquiries (such as promotional, account review, insurance or employment-related inquiries). Oh, please. Is this why insurance inquiries and employment inquiries stay on my report for 2 years, because they don't count against me. - Any information not found in your credit report. Huh? Is this an oxy moron? - Any information that is not proven to be predictive of future credit performance. See reply above. The whole system is a joke. Dani PS Oh gosh, I feel like lbrown. Just kidding, lb.
