Moderator Emeritus
Posts: 16,378
Registered: ‎03-12-2007
Re: Facts and Fallacies?

Namtac wrote:

fused111 wrote:

Namtac wrote:
It says that lenders consider more your FICO score.

What planet is that? Apply for anything on line and tell me they're like Jimmy Stewart in "It's a Wonderful Life." Good character and a firm handshake??? Ain't going to happen!

I love this site, but that statement seems disingenuous at best. Kind of like the very vague way they (don't) give you just one reason when your score changes - It could be any one of the following....

What are you trying to say?

What am I trying to say?

That FICO speaks in a lot of broad generalities. I suppose it's to protect their proprietary scoring methodology. The number is basically the only thing that counts any more.

If my score rises or falls, how about a specific reason?

Yes FICO does but not the contributors who post here. Do you have specific questions? I would be happy to answer them if can. Otherwise there are many others here who can. 
Credit Profile -
FICO 08 Scores (09-16-2014): EQ 824, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)