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.
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