03-24-2009 03:43 PM
Just wondering. Where do all the posters get their EXP scores over there? If those scores are FAKOS, its not a credible research option. But it is, at the same time, an oft recommended site over here. Or is only the EXP score a FAKO and the other scores listed over there FICOs? I try to use the largest sampling of the listings on that website to guesstimate the acceptance by the CCCs but its still not reliable. Or rather, I am not confident.
Perhaps, it could be pointed out to the owner to add another column to state if the scores are FAKOs or FICOs.
Ive learnt to completely distrust the FAKOS. I mean they are not even in the ballpark. Way way off from my FICOs.
03-24-2009 03:51 PM
The problem with that site is that you also don't know all the circumstances of how they got credit. Apparently while a good FICO can lower your car loan rates, it honestly is only a tiny factor in determining a credit card application.
You can have a 750 FICO and get denied by CCC's. You can have a 630 like my frined PJ and get approved for a $2500 Citi AMEX card, when they won't give me a card and I have a 670 FICO.
No rhyme or reason.
03-24-2009 04:01 PM
03-26-2009 02:30 PM
03-26-2009 02:38 PM
03-26-2009 03:24 PM
03-26-2009 03:55 PM
We whine about setting up our own db periodically, but I think it's a Lithium problem in making it work on the forums. Can't remember; it might be nag time again.
But in general, do remember that it's only been 6 weeks since the EX FICO's went bye-bye. I'd be skeptical of any entries since then, but then, I was skeptical of earlier entries, too. There's a feeble little appeal to only give FICO's, but it's obvious that people put down any old thing they want, in any old column they want.
+1, agreed. That's my biggest complaint about whogavemecredit, you have no idea what they are putting down and it makes it entirely too unreliable, heck we even get that here on these boards. Hopefully we can setup something here. They could always setup a subdomain app and not rely on Lithium for that db and I would be happy to help Barry evaluate some solutions.
03-26-2009 08:07 PM
03-26-2009 08:21 PM
Good point Otter. This problem exist here with most posts. When an issue is raised and fifteen people respond, by the end of the thread the assumption by many is that the subject is authentic just because fifteen people agreed. I won't make any decisions based on that.
Also think in theory it's a great idea. But, just for example, looked at Chase a couple minutes ago and so far this year 13 people have left a response. I gotta believe thousands upon thousands of people have applied in almost 3 months. Not a statistician, but certainly not very representative!
03-26-2009 08:44 PM
Of course, you both have valid points. You don't/won't get everyone to share or do it correctly and if they do its not always 100% reliable as it might be shaded with other truths. However, it has been a fairly safe assumption and anecdotally shown that for the most part, issues here get resolved to the most probable and fairly reliable end.
The mods and the more experienced users tend to keep an eye on issues and make sure it does not deteriorate into unreliable or totally false information. Most of the users who have been around have learned alot, continue to learn alot and they do alot of research to make sure the information provided is as close to fact as possible.
All that being said, its ultimately the responsibility of the individual to take the information and mull it over and make an informed decision of their own. You can't ever expect to take something at face value without due diligence and not run into problems. Just my two cents for what its worth.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.