Has anyone heard of any consolidated effort for clarifying FICO score calculations? I don't imagine a class action has been filed against Fair Isaac for such an issue. FICO scores affect virtually everyone, yet no one can clearly articulate the methods for arriving at a particular score.
http://www.ftc.gov/bcp/creditscoring/present/sld001.htm PAY ATTENTION TO MY FAVORITE PAGE #8 http://www.ftc.gov/bcp/creditscoring/present/sld008.htm ONE INQUIRY IS BETTER THAN ZERO!!! NEW ADDRESS IS BETTER THAN 2.49 YEARS!!! MANAGER IS AS GOOD AS RETIRED!!! 30 & 60 DAYS LATE IS BETTER THAN PAID ON TIME!!! IT IS BETTER TO HAVE NO CREDIT THAN 6+ ACCOUNTS!!! F.I.C.O. IS A FRAUD
Click here for an eye opener on the scoring shell game. Victims of Credit Reporting - Credit Scores http://members.aol.com/victcrdrpt/Score.html http://members.aol.com/victcrdrpt/Score.html
Re: Re: FICO Score Calculations? Yeah George. And they found a way to charge us for telling us. Hain't that a slick one? They found a way to penalize us for their having to comply the inquiry law neat right?[ THE END ** *** ** LB 59 """""""""```~~~```'"""""""""QUOTE]Originally posted by GEORGE There is no legal requirement that credit bureaus tell anyone but you about inquiries. [/QUOTE]
Re: Re: FICO Score Calculations? This all supports the thought that there is no logical or consistent application for determining scores. My question is, in a society that is full of lawsuits, why hasn't there been a class action suit brought against Fair Isaac? I would assume that's the only entity that could be sued.
Re: Re: Re: FICO Score Calculations? FIGHT F.I.C.O. WITH R.I.C.O. W/EQUIFAX, TRANS UNION, EXPERIAN AS CO-CONSPIRATORS Racketeer-Influenced and Corrupt Organizations Act
Re: Re: Re: FICO Score Calculations? ON THE "DOWN-SIDE" INSTANT GRATIFICATION...AS IN INSTANT ACCOUNT IN 60 SECONDS WOULD BE A THING OF THE PAST... ON THE "UP-SIDE"...A REAL CREDIT LIMIT AND INTEREST RATE BASED ON YOUR PAST HISTORY WITH OTHER ACCOUNTS...NOT ON A SCORE THAT CAN CHANGE WITH THE WEATHER!!!
Re: Re: Re: Re: FICO Score Calculations? ON THE "DOWN-SIDE INSTANT GRATIFICATION...AS IN INSTANT ACCOUNT IN 60 SECONDS WOULD BE A THING OF THE PAST... GEORGE =========== Quite OK by me as I don't find getting screwed by Insures,bankers,CRAs and CAs gratifying anyway. THE END ** *** ** LB 59 """""""""```~~~```'"""""""""
