Understanding FICO® Scoring

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jake619
Posts: 456
Registered: ‎11-13-2012

Understanding Status vs. Remarks in CR

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‎02-13-2013 08:32 PM

I had a mortgage short sale a few years ago.  At the time I couldn't have cared less as my credit was in the tank, but lately I've been attacking the CB's trying to get anything cleaned up I can.  When I was reviewing the mortgage loan I noticed the status field contradicts the remarks they inserted.  So I'm thinking the status is derived from the codes the creditor assigns to the account and is used in FICO scoring, and the remarks are a free-text field that would not be a FICO factor but would be considered on manual reviews.  Does this sound correct?  Any insight would help.


GangnamFICO wrote:
Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.

Minor vulgarity edit --Rev


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