Established Contributor
Posts: 650
Registered: ‎03-01-2012
Re: The Hill publishes flawed argument about FICO scores

cashnocredit wrote:

Some guy opining about something he hasn't bothered to learn about first. He seems to think consumers have no control over Inqs that affect FICO scores. While I'm sympathetic about some of his points he clearly hasn't studied the topic he feels compelled to write about. If he had he wouldn't have said this:



they should not be penalized for credit inquiries over which they have no control





This article seems to miss the point.  Apart from the inquiries issue OP points out, IMHO, the real problem is use and sale of FAKO by CRs which completely misleads the average consumer.

My Starting Score: EQ: 691 (11/30/11) TU98: 726 (11/30/11)
My Current Score: EQ: 779 (04/22/13) TU08: 835 (06/03/13)
DW Starting Score: EQ: 742 (03/02/12) TU98: 748 (03/02/12)
DW Current Score: EQ: 784 (03/11/13) TU08: 775 (06/03/13)