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davidboca wrote:
Interesting and sad!
No, it's FoxNews.
cheddar wrote:
davidboca wrote:
Interesting and sad!
Ridiculous and misleading!For the first two minutes of the interview, they are discussing their shock and outrage at the "fact" that "your credit rating will be affected by where you use your credit card!"All the while, they are flashing statistics on the screen regarding traditional credit scoring models. "Credit scores range from 300-850." Blah, blah, blah.Not until about two minutes into it are we then informed that this discussion has nothing to do with actual credit scores that are calculated at the CRAs. Instead, we're talking about internal risk models that CCCs themselves use in order to determine risk levels for their cardholders.Just to be clear, since the interviewer herself (and the interviewee) didn't think it was very important to mention until the interview was more than halfway over:This has nothing whatsoever to do with FICO or any other consumer credit score.Period.Even after that little tidbit was mentioned, they still found it necessary to mention Fair Isaac in the graphics on the screen.This is journalism?
firstinlastout wrote:
Interesting ! I didn't know actual credit card companies determine your "risk" based on where you shop. Very very interesting.
Well if they like Starbucks, I should have a $40k credit line with Chase by next month!
cheddar wrote:
firstinlastout wrote:
Interesting ! I didn't know actual credit card companies determine your "risk" based on where you shop. Very very interesting.Yes, many of them do this.They like Starbucks, btw.
@Anonymous wrote:
@Anonymous wrote:
Interesting ! I didn't know actual credit card companies determine your "risk" based on where you shop. Very very interesting.Yes, many of them do this.They like Starbucks, btw.