topic Re: Perhaps a myFICO Recommendation? in Credit Cards

Perhaps a myFICO Recommendation?

CreditWorld2013 — Tue, 22 Jan 2013 03:57:23 GMT

Okay, for quite a few months our great forums have been disrupted with many fabricated stories. Unfortunately, the current Terms and Conditions on myFICO have nothing to limit such behavior...instead they easily protect the lies. That is why I have an idea that would probably benefit all on myFICO. Given the fact that the forums help thousands of people with their credit...there should be some basic responsibilities to make sure people can help eacah other with accurate info. Although some people shouldn't read/trust everything that is on the internet...some people do it anyways. The issue is that when it has something to do with credit...trusting someone can end up costing them thousands of dollars if they are fooled by these fabricators. Sites like Credit Karma have account verification. So I believe myFICO should implent something similar. Perhaps myFICO should create an opt-in feature that would actually say you are an official card holder (It doesn't disclose your account information but rather just states you have it on your records). I believe this would help prevent those under age from using the forums as a toy but also weed out the possible trolls. I find that it would also reduce the amount of bickering on the threads as things often get out of hand. In addition, it would be easier for new members to display their signatures and perhaps the generic images of their cards without having to worry about editing images and adjusting sizes, etc. Any thoughts?

Re: Perhaps a myFICO Recommendation?

Anonymous — Tue, 22 Jan 2013 04:01:26 GMT

+1, yes I agree. I like how Credit Karma shows whether or not the commenter is a verified car holder or not. Great Idea!

Re: Perhaps a myFICO Recommendation?

beb86 — Tue, 22 Jan 2013 04:06:32 GMT

We tend to use the honor system here and it is normally pretty easy to figure out who is fabricating a story or not and hey if it is your lot in life to impress a bunch of people on the internet with your fake stories than more power to you..Thats my thoughts about that.

Re: Perhaps a myFICO Recommendation?

j_casteel — Tue, 22 Jan 2013 04:20:16 GMT

@CC365 wrote:
Okay, for quite a few months our great forums have been disrupted with many fabricated stories. Unfortunately, the current Terms and Conditions on myFICO have nothing to limit such behavior...instead they easily protect the lies. That is why I have an idea that would probably benefit all on myFICO. Given the fact that the forums help thousands of people with their credit...there should be some basic responsibilities to make sure people can help eacah other with accurate info. Although some people shouldn't read/trust everything that is on the internet...some people do it anyways. The issue is that when it has something to do with credit...trusting someone can end up costing them thousands of dollars if they are fooled by these fabricators. Sites like Credit Karma have account verification. So I believe myFICO should implent something similar. Perhaps myFICO should create an opt-in feature that would actually say you are an official card holder (It doesn't disclose your account information but rather just states you have it on your records). I believe this would help prevent those under age from using the forums as a toy but also weed out the possible trolls. I find that it would also reduce the amount of bickering on the threads as things often get out of hand. In addition, it would be easier for new members to display their signatures and perhaps the generic images of their cards without having to worry about editing images and adjusting sizes, etc. Any thoughts?

It's a good idea, but I use common sense and always take any info I get from this forum or any other forum with a grain of salt for the most part. I'd like to give the benefit of the doubt, but I always do much more research on making any decisions than just simply asking a question on a public board and going by what is said in the replies.

I can say I have learned a lot from this site, and it has been very helpful for me but it is only one part of the process in gathering information and it is up to me being a responsible adult to realize that not everything I read will be accurate and must double/triple check things by researching other venues, etc.

With that said, I don't think it would hurt any to have some sort of "verified member" status or something. To show legitimate people on here. Of course paying attention to post count, join date, and checking previous posts/threads of members is a really simple way of doing just that also.

Re: Perhaps a myFICO Recommendation?

beb86 — Tue, 22 Jan 2013 04:27:55 GMT

@j_casteel wrote:
@CC365 wrote:
Okay, for quite a few months our great forums have been disrupted with many fabricated stories. Unfortunately, the current Terms and Conditions on myFICO have nothing to limit such behavior...instead they easily protect the lies. That is why I have an idea that would probably benefit all on myFICO. Given the fact that the forums help thousands of people with their credit...there should be some basic responsibilities to make sure people can help eacah other with accurate info. Although some people shouldn't read/trust everything that is on the internet...some people do it anyways. The issue is that when it has something to do with credit...trusting someone can end up costing them thousands of dollars if they are fooled by these fabricators. Sites like Credit Karma have account verification. So I believe myFICO should implent something similar. Perhaps myFICO should create an opt-in feature that would actually say you are an official card holder (It doesn't disclose your account information but rather just states you have it on your records). I believe this would help prevent those under age from using the forums as a toy but also weed out the possible trolls. I find that it would also reduce the amount of bickering on the threads as things often get out of hand. In addition, it would be easier for new members to display their signatures and perhaps the generic images of their cards without having to worry about editing images and adjusting sizes, etc. Any thoughts?
It's a good idea, but I use common sense and always take any info I get from this forum or any other forum with a grain of salt for the most part. I'd like to give the benefit of the doubt, but I always do much more research on making any decisions than just simply asking a question on a public board and going by what is said in the replies.
I can say I have learned a lot from this site, and it has been very helpful for me but it is only one part of the process in gathering information and it is up to me being a responsible adult to realize that not everything I read will be accurate and must double/triple check things by researching other venues, etc.

With that said, I don't think it would hurt any to have some sort of "verified member" status or something. To show legitimate people on here. Of course paying attention to post count, join date, and checking previous posts/threads of members is a really simple way of doing just that also.

haha with my reg date of 2k11 and on the verge of 1k post I feel like an "ol dog" around here lol

Re: Perhaps a myFICO Recommendation?

j_casteel — Tue, 22 Jan 2013 04:36:16 GMT

@beb86 wrote:
@j_casteel wrote:
@CC365 wrote:
Okay, for quite a few months our great forums have been disrupted with many fabricated stories. Unfortunately, the current Terms and Conditions on myFICO have nothing to limit such behavior...instead they easily protect the lies. That is why I have an idea that would probably benefit all on myFICO. Given the fact that the forums help thousands of people with their credit...there should be some basic responsibilities to make sure people can help eacah other with accurate info. Although some people shouldn't read/trust everything that is on the internet...some people do it anyways. The issue is that when it has something to do with credit...trusting someone can end up costing them thousands of dollars if they are fooled by these fabricators. Sites like Credit Karma have account verification. So I believe myFICO should implent something similar. Perhaps myFICO should create an opt-in feature that would actually say you are an official card holder (It doesn't disclose your account information but rather just states you have it on your records). I believe this would help prevent those under age from using the forums as a toy but also weed out the possible trolls. I find that it would also reduce the amount of bickering on the threads as things often get out of hand. In addition, it would be easier for new members to display their signatures and perhaps the generic images of their cards without having to worry about editing images and adjusting sizes, etc. Any thoughts?
It's a good idea, but I use common sense and always take any info I get from this forum or any other forum with a grain of salt for the most part. I'd like to give the benefit of the doubt, but I always do much more research on making any decisions than just simply asking a question on a public board and going by what is said in the replies.
I can say I have learned a lot from this site, and it has been very helpful for me but it is only one part of the process in gathering information and it is up to me being a responsible adult to realize that not everything I read will be accurate and must double/triple check things by researching other venues, etc.

With that said, I don't think it would hurt any to have some sort of "verified member" status or something. To show legitimate people on here. Of course paying attention to post count, join date, and checking previous posts/threads of members is a really simple way of doing just that also.

haha with my reg date of 2k11 and on the verge of 1k post I feel like an "ol dog" around here lol

yeah, i had originally joined back in 2009 but never posted and just read a lot of the threads. Then when i started using it last year I had issues with my account b/c i forgot about the one i started over 3 years ago. So the CSR just deleted my old one and had me start a new one. It helped b/c I was trying to purchase SW and it wouldn't let me b/c it said my info belonged to a different user. Since last year i've really became more in tuned to my credit file and owe a lot to the legit members on here that are here to help. I'm still on here daily, but may not post that much. Just trying to continue to learn more and maybe even perhaps offer some help to others when i can.

Re: Perhaps a myFICO Recommendation?

beb86 — Tue, 22 Jan 2013 04:39:55 GMT

Yeah I agree I mean you have to take info given on this site with a grain of salt and learn to do your due diligence. But yes there is SO much knowledge given on here that if one catches it early on in life can save them a lot of money and heartache in life..Just wish I could have stumbled on it sooner.

Re: Perhaps a myFICO Recommendation?

j_casteel — Tue, 22 Jan 2013 04:46:45 GMT

@beb86 wrote:
J.
Yeah I agree I mean you have to take info given on this site with a grain of salt and learn to do your due diligence. But yes there is SO much knowledge given on here that if one catches it early on in life can save them a lot of money and heartache in life..Just wish I could have stumbled on it sooner.

Couldn't agree more...I'm only 28 so I still have time to repair my credit and get back on track by my 30s, but I wish I would've stumbled across this site several years ago when I was being irresponsible with my finances so that I could've learned the negative impacts that would happen. Also, being taught responsible spending, budgeting, financial habits, etc by my parents would've helped out as well. Oh well, I'm learning now and getting back on track.

Re: Perhaps a myFICO Recommendation?

beb86 — Tue, 22 Jan 2013 05:02:03 GMT

@j_casteel wrote:
@beb86 wrote:
J.
Yeah I agree I mean you have to take info given on this site with a grain of salt and learn to do your due diligence. But yes there is SO much knowledge given on here that if one catches it early on in life can save them a lot of money and heartache in life..Just wish I could have stumbled on it sooner.
Couldn't agree more...I'm only 28 so I still have time to repair my credit and get back on track by my 30s, but I wish I would've stumbled across this site several years ago when I was being irresponsible with my finances so that I could've learned the negative impacts that would happen. Also, being taught responsible spending, budgeting, financial habits, etc by my parents would've helped out as well. Oh well, I'm learning now and getting back on track.

yeah thats another thing about here is that a good amount of us had to rebuild at one point or another so we are great on knowing what NOT to do with credit and seem to respect/fear credit a little more.

Re: Perhaps a myFICO Recommendation?

09Lexie — Tue, 22 Jan 2013 05:22:21 GMT

Excellent post! I, for one would have no problem with the "verified member" status. It might be easy to figure out who may or may not be full of it but if there is something that makes it a little easier; why not?

True it will not stop all of it but it might deter some.

Re: Perhaps a myFICO Recommendation?

Anonymous — Tue, 22 Jan 2013 06:07:03 GMT

How does CK do it? As far as I can see from my credit report, you can tell that I got a credit card from the WrongSideofTheTracks Bank in May 2011, with a credit limit of $900 (and of course my payment history), but is there anything there that says if it is the SteelRazorShaaarp card or just the plain InYourFaceClassic?

Knowing that a user has *a* Citi card doesn't really help you judge if his/her statements on the CLI proccess for the Citi Forward are likely to be correct

Re: Perhaps a myFICO Recommendation?

beb86 — Tue, 22 Jan 2013 06:10:11 GMT

@Anonymous wrote:
How does CK do it? As far as I can see from my credit report, you can tell that I got a credit card from the WrongSideofTheTracks Bank in May 2011, with a credit limit of $900 (and of course my payment history), but is there anything there that says if it is the SteelRazorShaaarp card or just the plain InYourFaceClassic?

Knowing that a user has *a* Citi card doesn't really help you judge if his/her statements on the CLI proccess for the Citi Forward are likely to be correct

Probably similar to there scoring algorithm..Doesn't make any sense LOL.

Re: Perhaps a myFICO Recommendation?

CreditWorld2013 — Tue, 22 Jan 2013 06:18:31 GMT

@Anonymous wrote:
How does CK do it? As far as I can see from my credit report, you can tell that I got a credit card from the WrongSideofTheTracks Bank in May 2011, with a credit limit of $900 (and of course my payment history), but is there anything there that says if it is the SteelRazorShaaarp card or just the plain InYourFaceClassic?

Knowing that a user has *a* Citi card doesn't really help you judge if his/her statements on the CLI proccess for the Citi Forward are likely to be correct

CK allows you to set up your account info via preferences for the bank but I believe they also have some specific way of linking it through which link you apply through. Judging from your registered date you weren't here when we had a few "posters" claiming to be 20 something years old with a million dollars in CLs and a Centurion Amex. The issue isn't about the statements they make on a specific account/etc but rather if they even have any personal knowledge. For example, we have a poster that has been crying AA, banks are the worse, etc but goes around to others stating a low score, etc and claims to have been with PenFed and so on. This person probably has nothing other than a shattered ego while bashing others and encouraging others that he knows all. Therefore, if a new member were to see someone who is verified to have a bank relationship they would be more inclined to compare profiles as opposed to someone claiming they are "in with said bank", etc just applying at random which in turn hurts them when they get bad results from applying based on the recommendations of a liar.

Re: Perhaps a myFICO Recommendation?

Anonymous — Tue, 22 Jan 2013 06:20:57 GMT

I like this idea of having a way to verify the cards we have on record. We've been having too many fairy tales recently around the boards. I guess this could be another way of helping discern the lies from the reality. Trolls are out there and they are hungry! So don't feed them.

Re: Perhaps a myFICO Recommendation?

beb86 — Tue, 22 Jan 2013 06:23:04 GMT

back in the day we used to post pics of our CC collection and you can still post a screen shot from CK with your accounts but that will only show issuer and CL

Re: Perhaps a myFICO Recommendation?

Anonymous — Tue, 22 Jan 2013 06:26:23 GMT

you can Completely edit the card image and name on the ck accounts list. It's not a reliable way of proving a relationship hehe

Re: Perhaps a myFICO Recommendation?

beb86 — Tue, 22 Jan 2013 06:27:58 GMT

@Anonymous wrote:
you can Completely edit the card image and name on the ck accounts list. It's not a reliable way of proving a relationship hehe

That just seems like so much work to lie....Dont get it

Re: Perhaps a myFICO Recommendation?

CreditWorld2013 — Tue, 22 Jan 2013 06:35:04 GMT

@beb86 wrote:
@Anonymous wrote:
you can Completely edit the card image and name on the ck accounts list. It's not a reliable way of proving a relationship hehe
That just seems like so much work to lie....Dont get it

Nothing is 100% proof but if you have a Discover, Amex, etc on your report and it was verified it would be enough to justify it but as it stands now you can claim you have some $10Million Credit with a bank that isn't even on you report...which is the issue. If someone is willing to go through the edit process to try and lie...they have way too much time on their hands and a few other issues

Re: Perhaps a myFICO Recommendation?

Anonymous — Tue, 22 Jan 2013 07:13:17 GMT

@CC365 wrote:
@Anonymous wrote:
How does CK do it? As far as I can see from my credit report, you can tell that I got a credit card from the WrongSideofTheTracks Bank in May 2011, with a credit limit of $900 (and of course my payment history), but is there anything there that says if it is the SteelRazorShaaarp card or just the plain InYourFaceClassic?

Knowing that a user has *a* Citi card doesn't really help you judge if his/her statements on the CLI proccess for the Citi Forward are likely to be correct
CK allows you to set up your account info via preferences for the bank but I believe they also have some specific way of linking it through which link you apply through. Judging from your registered date you weren't here when we had a few "posters" claiming to be 20 something years old with a million dollars in CLs and a Centurion Amex. The issue isn't about the statements they make on a specific account/etc but rather if they even have any personal knowledge. For example, we have a poster that has been crying AA, banks are the worse, etc but goes around to others stating a low score, etc and claims to have been with PenFed and so on. This person probably has nothing other than a shattered ego while bashing others and encouraging others that he knows all. Therefore, if a new member were to see someone who is verified to have a bank relationship they would be more inclined to compare profiles as opposed to someone claiming they are "in with said bank", etc just applying at random which in turn hurts them when they get bad results from applying based on the recommendations of a liar.

Right, so basically unless the user applied for the card through CK there is no way to link to a specific card. I guess your threshold is lower, better to know that they have SOME credit experience. Not sure. (I know at least some of the individuals you refer to)

I really don't like the idea of "forcing", even optionally, some form of registration. People's views are just that, people's views. I often disagree with equally experienced people here, and I don't know how verifying accounts would make it any easier to know who is right (the one who got the card the earliest?). And, to be frank, a LOT of what is discussed here is not based on any facts (Barclays will close your account if you apply for other cards, card X is harder to get than card Y ALWAYS etc). Most of it is unscientific inference from small biased samples. And THAT'S FINE because it can be a lot of fun round here. But anyone who is making serious credit decisions based on a bunch of anonymous posters of unknown credentials is being very foolish. [Edit" To be clear, credentials doesn't mean "what cards I have". You can be a total jerk and have any set of cards!] Just like most other places on the internet.

Re: Perhaps a myFICO Recommendation?

Open123 — Tue, 22 Jan 2013 06:55:17 GMT

More often than not, we can discern and judge the merits of poster's input by merely reading a few posts.

I've never thought about what cards a poster has or doesn't have when forming a personal view on the merits of a post. I doubt a card profile will influence what I think or the value I find in a post one way or the other.

An insightful post stands on its own merits irrespective of whether or not a poster has any cards, let alone "good" ones. Equally, an irreverent post isn't made any better even if the Poster has a Centurion for each hand.