What on earth are you trying to say???? This statement makes no sense whatsoever, and please don't reply neither does FICO, that's NOT my point.
Of course not you price your home on the VALUE of the property plain and simple. The price of your home has NOTHING to do with FICO or a person's FICO score. I have know idea why you continue to blame FICO for everything on this board.
lbrown59, A house is very different from credit. When u sell a house, there is little or no risk to yourself. If you give someone money (credit), there is a very real risk they won't pay it back. The credit companies need a way to assess this risk, and if it isn't FICO, it will something else which you will probably like even less. Same goes for your "selling a car" analogy. Please suggest an alternative before killing FICO...
Right and ones fico score has nothing to do with the value of a loan. If it is unfair to price my product based on a scoring method it is just as wrong for a bank to price a product that way. There is no justification in having a double standard here. Because most complaints on this board affect the FICO in a Neg. way.Usually unjusifiably!
Little or no risk- If you had ever been in the business you would know not to say this. Credit -That's what the credit report is for. Fico is not risk assessment -it's price setting. Why do we need to replace one price gouging plan with another one?
