Senior Contributor
Posts: 3,071
Registered: ‎05-17-2007
Re: Income doesn't matter to FICO!

TheNewWorldMan wrote:

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. :smileyhappy: Sorry a little humor.
If we never set higher goals we would never get as far.
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