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Moderator Emeritus
webhopper
Posts: 7,230
Registered: ‎09-16-2011
0

Re: MyFico is a fraud!

Fico is a scoring model that measures risk of default.  The folks at FICO must have been very good at coming up with the forumular since most lenders use this score.

 

If you are denied for credit, you'll get a score in the mail along with a notice telling you how to obtain your free report.

 

Its easy to manipulate the forumula by making yourself not a big risk... in other words, pay your bills on time, don't overuse your credit card, don't go applying for new credit all the time, don't open a lot of new accounts.... etc.

 

FYI, moderators at this site are volunteers. We are here to help keep the atmosphere conducive for folks to feel comfortable asking questions and learning  how to improve their score, or obtain the products they want.

 

 


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Established Contributor
InvincibleSummer3
Posts: 640
Registered: ‎11-20-2012
0

Re: MyFico is a fraud!


webhopper wrote:

 

FYI, moderators at this site are volunteers. We are here to help keep the atmosphere conducive for folks to feel comfortable asking questions and learning  how to improve their score, or obtain the products they want.

 


I, for one, appreciate the ability of the mods to answer posts without belitttling anyone. Not everyone can do this, as we've seen. Thanks, mods!

Valued Contributor
thom02099
Posts: 1,323
Registered: ‎08-30-2011
0

Re: MyFico is a fraud!


beavo040 wrote:

ATTENTION!!!

 

MyFico is nothing more than a scam when it comes to credit scores and credit informaiton.  DO NOT believe any claims made by MyFico stating that they are the only reliable resource for accurate information!  Do not pay anything via MyFico.com thinking you are getting accurate information.  It is simply government funded fraud!!!  Please report any viable information to the FTC!


You are, of course, entitled to your opinion.  It's wrong, but then it is your opinion, not based in fact. 

 

I find it interesting that you've been a member here since 2010 and have only posted 6 times.  One would hope that, in those 3 years since you've joined that you would have read some of the stickies and other information here to have a full understanding of what FICO is all about. 

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Senior Contributor
DaBears
Posts: 3,930
Registered: ‎10-26-2012
0

Re: MyFico is a fraud!

Do I dare to Chime in? :smileyvery-happy: 

 

llecs where is my peanuts?? I watched my Blackhawks without peanuts!! Sniff Sniff!!!

Moderator
Revelate
Posts: 8,871
Registered: ‎12-30-2011
0

Re: MyFico is a fraud!

[ Edited ]

thom02099 wrote:

beavo040 wrote:

ATTENTION!!!

 

MyFico is nothing more than a scam when it comes to credit scores and credit informaiton.  DO NOT believe any claims made by MyFico stating that they are the only reliable resource for accurate information!  Do not pay anything via MyFico.com thinking you are getting accurate information.  It is simply government funded fraud!!!  Please report any viable information to the FTC!


You are, of course, entitled to your opinion.  It's wrong, but then it is your opinion, not based in fact. 

 

I find it interesting that you've been a member here since 2010 and have only posted 6 times.  One would hope that, in those 3 years since you've joined that you would have read some of the stickies and other information here to have a full understanding of what FICO is all about. 


Hey folks, the original post in this thread is over two years old now.  Also Beavo hasn't visited the site in about 22 months either.  It's unlikely this response is going to be seen.

 

While there's some discussion regarding more recent posts, and I know this forum is somewhat awkward in it's presentation, let's please focus on the recent messages in the thread.  May be worth splitting it off into a seperate one but realistically we get one of these posts roughly every month.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
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New Member
kotincandy
Posts: 1
Registered: ‎06-29-2013
0

Re: MyFico is a fraud!

Ugggggh?

 

I am confused. It was clearly explained in advance, "10 day free trial....after 10 day you will be billed 14.99 for 3 months".

No one wants to accept accountability.

 

Valued Contributor
dddewdrop
Posts: 1,060
Registered: ‎02-06-2013
0

Re: MyFico is a fraud!


kotincandy wrote:

Ugggggh?

 

I am confused. It was clearly explained in advance, "10 day free trial....after 10 day you will be billed 14.99 for 3 months".

No one wants to accept accountability.

 


   Look on the date of ths thread kotin. It was started in 2011 then briefly resurreced on 4-20 of this year. I really seriously doubt the original poster will ever see your response. It isn't even likely the original poster even remembers starting this thread. 

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Frequent Contributor
Steelersboy
Posts: 343
Registered: ‎06-25-2013
0

Re: MyFico is a fraud!

I recently got my car refinanced. Lender pulled my Fico EQ score. :smileywink:

 
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Moderator
LIGHTNIN
Posts: 4,058
Registered: ‎03-24-2008
0

Re: MyFico is a fraud!

Locking thread, it's over 2 years old and I believe this thread has run it's course.:smileywink: Lightnin, myFICO Moderator

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