How does Fico know Debt to Income?

[Anonymous]

I've seen on some boards that FICO takes into account Debt to Income ratio... but how does it know?  Are they tracking the info on my credit apps????  I don't see it reported anywhere else.

[Junejer]

FICO doesn't, but lenders do.

[MidnightVoice]

FICO does not take income into account at all.  It uses past behavior to predict future chances of defaulting on credit

[haulingthescoreup]

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@Anonymous wrote:

I've seen on some boards that FICO takes into account Debt to Income ratio... but how does it know?  Are they tracking the info on my credit apps????  I don't see it reported anywhere else.

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They might be trying to say debt to credit limit, which is one way of defining util. People tend to get tangled up in the terminology.

But no, the PP's are right --FICO doesn't know your income, doesn't want to know your income, doesn't care about your income, and doesn't factor it into scoring.

Looking at your DTI is the department of lenders.

[Anonymous]

Thanks for clarifying Hauling. 

[haulingthescoreup]

Sorry, I've got a bad case of the sillies today!