Re: Income doesn't matter to FICO!
08-28-2007 10:19 AM
bobkelly wrote:Can anyone explain why one's income has no bearing on a FICO score? Seems to me that this plays a big part in creditworthiness, yet FICO doesn't use income (or net worth) as part of their formula in creating a FICO score.
Does having a Ferrari make one a better driver than owning a Hyundai?
More income doesn't necessarily make you a better money manager. Ask Michael Jackson.
I would think yes. Have you ever tried to dodge a raccoon at 110 on a Hyundai. Much easier in a Ferrari. Sorry a little humor.