Profitable new product for FI?

MidnightVoice · ‎05-19-2008

When FI sells us our FICO acores I assume it is pulling our report and calculating the score (I may be wrong).

Could FI do that, and then calculate our score using the FICO 08 alogarithm?

Then we could compare our current scores with one of the possible futures that face us.

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid

Anonymous · ‎05-21-2008

I would like to meet my future fico self.

haulingthescoreup · ‎05-21-2008

Shoot, I'll pay for anything. Just a score-pulling fool, that's me.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

MidnightVoice · ‎05-25-2008

I want to gaze into that crystal ball........................

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid

Barry · ‎05-26-2008

MidnightVoice wrote:

When FI sells us our FICO acores I assume it is pulling our report and calculating the score (I may be wrong).

Could FI do that, and then calculate our score using the FICO 08 alogarithm?

Then we could compare our current scores with one of the possible futures that face us.

While I agree that it would be great to be able to see what our scores would be with FICO 08 ASAP, it's just not possible due to the fact that all FICO scores, in all cases, are calculated at the bureaus. Hopefully we'll be able to get them from the bureaus one of these days.

MidnightVoice · ‎05-26-2008

Barry wrote:

MidnightVoice wrote:
When FI sells us our FICO acores I assume it is pulling our report and calculating the score (I may be wrong).

Could FI do that, and then calculate our score using the FICO 08 alogarithm?

Then we could compare our current scores with one of the possible futures that face us.

While I agree that it would be great to be able to see what our scores would be with FICO 08 ASAP, it's just not possible due to the fact that all FICO scores, in all cases, are calculated at the bureaus. Hopefully we'll be able to get them from the bureaus one of these days.

Shame. I am disappointed

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid

Anonymous · ‎05-31-2008

It really doesn't make sense because you figure the more options the bureaus sell you would think the more consumers might be tempted to buy more scores - thus driving up profit. They may be worried about competition with their own "credit scores," but they should hedge their bet somewhat if they want to ensure maximum profits.