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EYE WIDE SHOT!!
Ctrob!! "
My first name is Robert...
Shouldn't my scores be higher??"
That was funny. Okay, May be you are the A person. hahahaha
Okay, all what I said that if you are on the other side of the coin, how would you feel.
All others;
Okay you guys missed the question completely. The question is should the FICO be determined by your name and it's origin?
In the term of is it or not??? Will there is a debates that are arising from weather it is or not. It had been sighted that it is!!
Again you guys have missed the whole point here... You guys got have to start reading again.... It is that person B will get a larger hit than A, however, if there is no hit to be taken, then B and A are equal.
Okay, let me give a real life example, Person B has a very high at the Vantage scoring system- used by the EX www.vantagescore.com/- in which he scored 950 out 990. However, he is 648 on his FICO from EX. how can you explain such??? Same credit, same person, same time pulled, same everything. I would understand the difference between the two system if he scored 750 on his FICO or even 700. In which put him in upper national quintile on the Vantage and two levels down on the FICO, But when it is 6 levels down on the FICO. There is some thing dramatically wrong here. Can we really say that it is that FICO treats inquires differently? even if it is, still would not create this huge differences. By the way, his credit history of over 15 years, he has only one delinquency of $30. For sure without getting in details, his credit history is one of the best I have seen. Ex couldn't explain the problem. they claimed that it is not them thatr control the FICO, so who does????.
Still don't see a problem, may be an other example, A person who has a joint account with someone, whom had a mid. Eastern name. Again a perfect credit with Vantage. One of the highest. She has one late of $23 reported for a credit card. Dropped her FICO be 125 points in less than one day. I'm talking about over 36 years of great history. Had she not established credit with that person, she would have saved herself????
Are these story just an individual problem that can't be everyone's. Or are we having to deal with one eye wide shut to a problem???? that is the question here. For sure there is a lot more stories I heard about the FICO system. Is it discrimination? or is it just a computer error? is it just a misunderstanding of credit reporting on our side, or is it the FICO has failed to be a dependable score to really show the real credit worthiness, and institutes must look for a better substitute (I think some are already, but can't confirm)?
What a relief. That saves me excoriating your previous post
FICO_Guy wrote:I just got an email worning. My Fico just dropped by 16 point since the first post. Okay I get the massage. I'll stop posting
LMAOOOOOO
FICO_Guy wrote:I just got an email worning. My Fico just dropped by 16 point since the first post. Okay I get the massage. I'll stop posting
TheNewWorldMan wrote:As a statistical cohort, whites tend to be wealthier than blacks. And, since FICO basically measures your ability to pay bills, and paying bills is easier when you're wealthy, I think a prima facie case could be made that credit scores are indirectly affected by the skin color of the consumer being scored--again, at the cohort, not the individual level.
alixwooten wrote:Errr... I'm a little confused why some of the posters with experience and who have posted helpful information previously and on other threads chose to belittle and make fun of this person's questions even if they are apparent misconceptions? Not to be rude to the OP but from reading the original post it seems that there is a language barrier. Maybe s/he didn't know how to quite phrase the question or concern regarding how race and religion may affect our FICO score? I know when I first started reading this website it took me a while to find that information. Considering that so many things in our lives are affected by race or religion - at least de facto, even if not de jure - it's not surprising that someone could believe that it would be the same in the realm of credit scores. Anyone who contributes to this forum might consider probing for understanding and then educating first, leaving dismissive and biting humor for it's appropriate venue.