Understanding FICO® Scoring

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Mega Contributor
RobertEG
Posts: 14,602
Registered: ‎03-19-2007

Credit Scorecard

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‎12-04-2011 04:34 AM - edited ‎12-04-2011 04:35 AM

For those who might be interested in trying their own “what-if” scenarios at credit reporting and scoring, I have put together an Excel-based workbook that provides for user input of their data, as well as their own assumptions about weighting and impact of various credit reporting and aging factors.  The output of the program is a summary of all the main credit reporting categories, as well as a psuedo “score” that results from those assumptions.

 

It is not an attempt at a score simulator, but rather an attempt to compare the relative impacts of various factors based on one's own assumptions, and not the assumptions of others.

 

If you are interesested in taking a peek, send me a private message and I would be happy to email you a copy.

 

Just my mathematical attempt to provide a basis for understanding  credit scoring......

 

Robert

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pepper23
Posts: 27
Registered: ‎01-22-2011

Re: Credit Scorecard

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‎12-04-2011 06:54 AM

yes im interested please

tu 653
eq 636
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Mustanglvr2006
Posts: 1,971
Registered: ‎02-06-2011

Re: Credit Scorecard

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‎12-04-2011 07:57 AM

Count me in.

 

***off to PM you***

Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
Goal Score: 800+ across all three

Take the FICO Fitness Challenge

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pizzadude
Posts: 6,253
Registered: ‎01-28-2010

Re: Credit Scorecard

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‎12-04-2011 08:40 AM

 

Yes please !

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
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Mega Contributor
RobertEG
Posts: 14,602
Registered: ‎03-19-2007

Re: Credit Scorecard

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‎12-04-2011 06:45 PM - edited ‎12-05-2011 10:30 PM

Since this is not a product of the site, I am reluctant to use any site resorces to send.

 

Just send me a private message here on the site, including your personal email, and I will send a copy.

 

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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.

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