(from http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&threadid=45004) Fair, Isaac Announces Arrival of Affirmative Action to Scoring Module FICO®, Top Brand in Credit Scoring, offers long awaited program on a trial basis SAN RAFAEL, Calif. â?? April 1, 2003 - Today Fair, Isaac and Company, Inc. (NYSE: FIC) announced that in recognition of todays U.S. Supreme Court ruling in regards to Affirmative action, Fair Isaac will allow a Sixty Day window to begin Today, April 1, 2003 for affirmative action FICO scoring Increases. â??We are happy to announce the ability for anyone to purchase additional points to add to their scoreâ?,said Sue Salmon, Fair, Isaac vice president of myFICO. "It opens the way for people to take better control of their financial standing and attract the credit offers they deserve. We will open the pearly gates to credit bliss by allowing this one-time window to purchase additional FICO Points. " The FICO score is the "gold standard" score used by the great majority of financial institutions to make billions of credit decisions each year, including more than 75 percent of mortgage loan originations. More than 40 of the nation's 50 largest financial institutions rely on the FICO score to determine an individual's credit worthiness. The Cost? Analysts say that this new project will bring in badly needed funds to Fair Isaacâ??s coffers. â??I fully expect no less then seventy-three percent of U.S. credit cardholders to take advantage of this service,â? Bill Gordan, Affirmitive Credit Action Centerâ??s director stated. â??FICO will no longer be known as RNG, or Random Number Generatorâ?. Tonya Relfee, President of the California Based UYGF Faculty, estimated the average cost per FICO point to be at Seventy-Seven cents. â??The cost per point will increase as the score gets closer to 720â?. Analysts say Fair, Issac shares could double at the open of the stock market on Wednesday. About Fair, Isaac Fair, Isaac and Company is a global provider of customer analytics and decision technology. Widely recognized for its pioneering work in credit scoring, Fair, Isaac revolutionized the way lending decisions are made. Today the company helps clients in multiple industries increase the value of customer relationships. Fair, Isaac has made the Forbes list of the top 200 U.S. small companies eight times in the last nine years. Headquartered in San Rafael, Calif., this April Fools day. Fair, Isaac and FICO are trademarks or registered trademarks of Fair, Isaac and Company, Inc., in the United States and/or in other countries. Score Power and Equifax Credit Profile are trademarks of Equifax, Inc. Other product and company names herein may be trademarks of their respective owners.
Very interesting, but I've never heard anything about this. Even if it were true, .70 seems kinda cheap to pay for a point. Almost seems like it would really make having a FICO score pointless as most people could pay anywhere from $50-$150 and have top notch scores. It'd be truly misleading. Or it's a trick. They convince you to pay to buy up your score and then lenders change to some other method of determining your credit worthiness. Sumpin' just don't seem right.
haha yeah it looks like something out of "The Onion." Though, I _was_ thinking to myself, "dang, I only need about $30 worth..."
â??FICO will no longer be known as RNG, or Random Number Generatorâ?. UYGF I WILL TAKE 134 F.I.C.O. POINTS FOR COPYRIGHT INFRINGEMENT!!! AND A WRITTEN GUARANTEE THAT MY F.I.C.O. WILL NEVER GO BELOW 800!!! I STILL HAVE NOT RECEIVED MY COPYRIGHT INFRINGEMENT F.I.C.O. POINTS YET!!!
