Credit Cards Center Credit cards from our partners
Reply
New Member
Posts: 2
Registered: ‎06-06-2007
0

Discrimination?

Hello
 
I am very interested in finding out how much discriminatory decisions lie in the lending practices, which also pulls in the crediting agencies. How do they determine how much a credit score decreases or increases? And what is the time frame for increases? I much suspect that there is discriminatory practices in increasing and decreasing credit scores to keep certain individuals according to race or ethnicity, paying......I try to do research on this. If anyone else has any ideas or feelings please advise. 
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0
Valued Contributor
Posts: 1,065
Registered: ‎04-26-2007
0

Re: Discrimination?

Yeah trust me they don't take race into account.  I am a white male and my scores stink.  
Super Contributor
Posts: 8,198
Registered: ‎03-25-2007
0

Re: Discrimination?



Boswd wrote:
Yeah trust me they don't take race into account.  I am a white male and my scores stink.  


ROFL
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Moderator Emeritus
Posts: 16,381
Registered: ‎03-12-2007
0

Re: Discrimination?



MidnightVoice wrote:


Boswd wrote:
Yeah trust me they don't take race into account.  I am a white male and my scores stink.  


ROFL


ROFL??? This is a new one for me.  What does it stand for?
Credit Profile - FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 27 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: TU 1


Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring World Mastercard ~ Chase Freedom Signature Visa ~ CITI Dividend World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Established Contributor
Posts: 513
Registered: ‎05-31-2007
0

Re: Discrimination?

Rolling on the Floor Laughing
Super Contributor
Posts: 8,198
Registered: ‎03-25-2007
0

Re: Discrimination?



fused111 wrote:

ROFL??? This is a new one for me.  What does it stand for?



Glad to part of the education arm of the forum  Smiley Very Happy
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Moderator Emeritus
Posts: 2,050
Registered: ‎04-17-2007
0

Re: Discrimination?



fused111 wrote:


MidnightVoice wrote:


Boswd wrote:
Yeah trust me they don't take race into account.  I am a white male and my scores stink.  


ROFL


ROFL??? This is a new one for me.  What does it stand for?


Closely related to its cousin, ROFLMAO
-----------------
Bartender, bring another round of FICOtinis please!

9.4.2011: TU 805. EQ 815.
Moderator Emeritus
Posts: 16,381
Registered: ‎03-12-2007
0

Re: Discrimination?



masdeocho wrote:


fused111 wrote:


MidnightVoice wrote:


Boswd wrote:
Yeah trust me they don't take race into account.  I am a white male and my scores stink.  


ROFL


ROFL??? This is a new one for me.  What does it stand for?


Closely related to its cousin, ROFLMAO


Ok, got it!  This one must be rolling on the floor laughing my a$$ off.Smiley Wink
Credit Profile - FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 27 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: TU 1


Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring World Mastercard ~ Chase Freedom Signature Visa ~ CITI Dividend World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Highlighted
Valued Contributor
Posts: 2,374
Registered: ‎03-15-2007
0

Re: Discrimination?

Is there discrimination in FICO scoring? The answer is no...and yes.

FICO does not directly consider race. So in that sense, FICO is color-blind.

However, income plays a strong indirect role in FICO scoring (paying bills on time is a lot easier if you're making $50,000 a year than if you're struggling by on $20,000). Race and income ARE correlated. So, therefore, FICO scores and race are linked by proxy.
- - - -
in a credit-scoring postnuclear Stone Age...

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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.