Fair Isaac is nothing more than a company that provides a a formula for the CRAs to use. They keep it top secret so that no one can steal there "formula". I would like to know more about how there scoring model works, especially since I believe that it is our legal right to know. After all, if the government uses the CRAs for any of their decisions on a loan, the Fair Isaac Model is also part of that decision. All of this information is supposed to be public, but they are using loopholes to their advantage. Even though this stuff is important, it is not the source of our credit woes. The CRAs are ultimately responsible in my opinion for the problems that we are all encountering. After all, they would know just how discriminating the Fico scoring model is if they are the ones using it to make and break us consumers, Right?? Our beef is with the lenders who blindly use the credit reporting system as their guide and the CRAs themselves for their heinous attacks upon the consumers...
Mist, I don't select "public display" for my PFB letters. I assume there are others that do that as well. While I agree with the need for the BUMP in this thread, you may not see an increase in the number 4 while there may well be additions to the number of letters sent to PFB for Fair Isaac. Just thought I'd let you know why you never saw mine and maybe others. -Peace, Dave
