Valued Contributor
Posts: 1,094
Registered: ‎02-15-2012
Re: The Hill publishes flawed argument about FICO scores

The author is a prime example of why we need to educate the general public on how credit scoring works. Because of propriatary reasons there is secrecy in the FICO model. That mystery creates confusion because it is not possible to explain the math behind the scoring. Having multiple FICO versions and models only complicates things further.  People are confused and the CB's are taking advantage of that fact. So are the CC companies when they send propriatary scoring results with credit decisions.

Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: 748 TU(12/12), 783 TU98 , 813 TU08 FICO, 744 EQ FICO , 735 EX(9/12), 794 EX08 FICO, 809 EX08 bankcard FICO
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (20.7K), BofA Travel Rewards ($17.5), B&N World MC ($17.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (15K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig ($8.6K), Disc It ($8K), Citi Dia Pref MC ($3.7K),Sam's D ($8.5K), Wally D ($7.5K), JCP($5.3K)