This is so unreal that I felt it was important for me to post this for you guys. If I did not see it I would not believe this. I buy some forcloseure house, preforclosures etc with a few investors. Sometimes we get involved with selling to some people with varied credit. i saw a 3-1 report today on a guy with a 609 FICO. The guy had a notation of 38 delinquent or previously delinquent items. Several 30 day lates, 60 day lates and 90 day lates. I have no idea how FICO gave him a 609 based on this. Totally incredible. The guy has a car with Ford that he pays. He has paid that on time. Everything else a disaster. Card accounts closed by creditors. There was a notation by another creditor/credit granter that said beware of customer using a false social security number and of different name or name variation. His other scores were like 577 and 580. That still seems high considering all the lates and such. 609 FICO is nuts. I would like to see what others think on this board...>Rob
RNG (MY OPINION) My F.I.C.O. HAS BEEN 665-739 I HAVE 714 NOW...BUT I OWE PROBABLY $30,000 <LESS> THAN I DID WHEN I HAD 739!!! CREDIT LIMITS HAVE INCREASED... ONLY CLOSED ONE ACCOUNT (CHASE) AND THAT WAS ONLY A $5,000 LIMIT CARD...
I agree. I have no derogs on any of the 3 reports. Only negatives, per the report summaries, are my high utilization ($32K of $38K avail) and high debt level. I understand the utilization being a concern, but 'high debt' is relative to a person's income. My score is 678. How can mine, with no derogatory remarks only be 78 points higher than your goofball? Wild!!
Victims of Credit Reporting - Credit Scores http://members.aol.com/victcrdrpt/Score.html http://members.aol.com/victcrdrpt/Score.html THE END ** *** ** LB 59
hey lb all i can say after reading your link is WOW...if that information is true and correct i now believe the world is far more corrupt than ever before...I think we all should develope a petition to send to congress or whomever has control over the scoring system...After all this is a FREE country , the foundation of this country is based on the constitution...I personally feel that every consumer should legally know what is going into the mathematical calculations of fico...That article states stereotypical placement of consumers when scoring credit worthiness...I dont know about you but I am going to send a letter to my congressman regarding this information..
if that information is true and correct. ============== No mystery about that. We see the results right here on this board every day. THE END ** *** ** LB 59
