08-28-2007 08:28 PM
bobkelly wrote:And a person's income or net worth has no bearing on FICO scores either. Funny world, eh?
08-29-2007 03:58 AM
And a person's income or net worth has no bearing on FICO scores either. Funny world, eh?
Not really. FICO ain't a net worth score, it's a credit risk score.
Yep you can have all the money in the world and still not pay your bills. I actually know people like that. Making 65k in an economy where the average income is 25k and has every bill collector in the world looking for them.
08-29-2007 09:24 AM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO