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@trdmlc wrote:If we got rid of FICO, then I'd have to find a new message board to spend hours a day browsing through.
Maybe we could call it the BS forum.
@Imhotrodcrazy wrote:
@guiness56 wrote:_____________________________________________________________________________________________________________________________
Ok, I don't get your point. I said over 50 years. Someone used it back then. Maybe not your everyday consumer.
Just thought you would be interested in the actual dates.
Still don't get your point. FICO was developed in the late 1950s as a credit score for investors. Any complaints from them?
For the general consumer they started using it in 1970 which was 40 years ago. Any complaints from them?
Don't try to make more out of it than what I said. No matter who used it 50 years ago, and it was over 50 years ago, I have read of no complaints from that era of FICO.
That was my point. Period.
@guiness56 wrote:
Don't try to make more out of it than what I said. No matter who used it 50 years ago, and it was over 50 years ago, I have read of no complaints from that era of FICO.
That was my point. Period.
Sounds like you have trouble being corrected? I was trying to give you and the forum some "factual" dates out of courtesy. Quit being defensive and act like an adult.
@Imhotrodcrazy wrote:
@guiness56 wrote:
Don't try to make more out of it than what I said. No matter who used it 50 years ago, and it was over 50 years ago, I have read of no complaints from that era of FICO.
That was my point. Period.
Sounds like you have trouble being corrected? I was trying to give you and the forum some "factual" dates out of courtesy. Quit being defensive and act like an adult.
Actually, I have no problems being corrected at all, as long as you can back up your statement. What are you trying to correct? Are you saying that I am wrong and FICO did not start over 50 years ago? How am I wrong? If you are going to "correct" me and give me "factual dates" at least let me know where I made a mistake.
I am not being defensive. You keep sidesteping my question. Where was I wrong.
guiness56 wrote:
FICO has been around for over 50 years. No one seemed to complain about it back then.
From Wikipedia, the free encyclopedia
The Fair Isaac Corporation, known as FICO, created the first credit scoring system in 1958, for American Investments, and the first credit scoring system for a bank credit card in 1970, for American Bank and Trust.[3]
In my original post, I was showing that credit scoring for consumers didn't "start" until 1970. You "assumed" I was criticizing you when I wasn't. So, it's your problem, not mine.
Personally, I understood Imhotrodcrazy's post the first time - it was just providing additional facts, it was not disputing that Fico scores have been around for decades with no complaints. I took it as a "point of information" type post, not an argument or a correction. I think you misinterpreted it, Guiness ...
@Anonymous wrote:Personally, I understood Imhotrodcrazy's post the first time - it was just providing additional facts, it was not disputing that Fico scores have been around for decades with no complaints. I took it as a "point of information" type post, not an argument or a correction. I think you misinterpreted it, Guiness ...
You think, I think, he thinks. That is why everyone is different and have different opinions and views and interpretations of things. I get it now that it was informational. I did not get it when he originally posted it.
I don't think there is really an basis for a class action lawsuit against FICO. They don't deny you credit or cause your interest rates to go up. It is the credit card/mortgage/auto loan company that does that. The underlining content of you CR is what control your interest rates and approval of credit.
Has anyone here been a victim of say AA based on their FICO score or was it based on and underlying change to their CR?
HotRod, Its their job to twist your words. They are FICO employees or work for a PR firm that FICO uses. Ebay (admittedly) played the same game for the longest time. They had under contract professional companies that Moderate and use "Cheerleader" posters....Its very common on corporate sponsored message boards. Its best to ignore them as everything you post they will hack up what you post into something different. Think about it, Why would an average person become a "super poster" on a corporate run message board unless they had some vested or monetary reason......or absolutely no life what-so-ever....LMAO
@Anonymous wrote:HotRod, Its their job to twist your words. They are FICO employees or work for a PR firm that FICO uses. Ebay (admittedly) played the same game for the longest time. They had under contract professional companies that Moderate and use "Cheerleader" posters....Its very common on corporate sponsored message boards. Its best to ignore them as everything you post they will hack up what you post into something different. Think about it, Why would an average person become a "super poster" on a corporate run message board unless they had some vested or monetary reason......or absolutely no life what-so-ever....LMAO
If by "They are FICO employees or work for a PR firm that FICO uses", you are suggesting that many of the posters here are associated with FI, please see my comments in the other thread to your very similar post.