topic Re: Discrimination? in Understanding FICO® Scoring

Discrimination?

Anonymous — Wed, 06 Jun 2007 10:10:54 GMT

Hello

I am very interested in finding out how much discriminatory decisions lie in the lending practices, which also pulls in the crediting agencies. How do they determine how much a credit score decreases or increases? And what is the time frame for increases? I much suspect that there is discriminatory practices in increasing and decreasing credit scores to keep certain individuals according to race or ethnicity, paying......I try to do research on this. If anyone else has any ideas or feelings please advise.

Re: Discrimination?

Tuscani — Wed, 06 Jun 2007 10:53:47 GMT

Did you read?

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=2654

http://www.myfico.com/CreditEducation/WhatsNotInYourScore.aspx

Re: Discrimination?

Anonymous — Wed, 06 Jun 2007 18:35:16 GMT

Yeah trust me they don't take race into account. I am a white male and my scores stink.

Re: Discrimination?

MidnightVoice — Wed, 06 Jun 2007 18:55:58 GMT

Boswd wrote:
Yeah trust me they don't take race into account. I am a white male and my scores stink.

ROFL

Re: Discrimination?

fused — Wed, 06 Jun 2007 19:04:06 GMT

MidnightVoice wrote:

Boswd wrote:
Yeah trust me they don't take race into account. I am a white male and my scores stink.

ROFL

ROFL??? This is a new one for me. What does it stand for?

Re: Discrimination?

Anonymous — Wed, 06 Jun 2007 19:05:26 GMT

Rolling on the Floor Laughing

Re: Discrimination?

MidnightVoice — Wed, 06 Jun 2007 19:50:32 GMT

fused111 wrote:

ROFL??? This is a new one for me. What does it stand for?

Glad to part of the education arm of the forum

Re: Discrimination?

Anonymous — Wed, 06 Jun 2007 20:14:26 GMT

fused111 wrote:

MidnightVoice wrote:

Boswd wrote:
Yeah trust me they don't take race into account. I am a white male and my scores stink.

ROFL

ROFL??? This is a new one for me. What does it stand for?

Closely related to its cousin, ROFLMAO

Re: Discrimination?

fused — Thu, 07 Jun 2007 16:44:16 GMT

masdeocho wrote:

fused111 wrote:

MidnightVoice wrote:

Boswd wrote:
Yeah trust me they don't take race into account. I am a white male and my scores stink.

ROFL

ROFL??? This is a new one for me. What does it stand for?

Closely related to its cousin, ROFLMAO

Ok, got it! This one must be rolling on the floor laughing my a$$ off.

Re: Discrimination?

Anonymous — Thu, 07 Jun 2007 17:30:34 GMT

Is there discrimination in FICO scoring? The answer is no...and yes.

FICO does not directly consider race. So in that sense, FICO is color-blind.

However, income plays a strong indirect role in FICO scoring (paying bills on time is a lot easier if you're making $50,000 a year than if you're struggling by on $20,000). Race and income ARE correlated. So, therefore, FICO scores and race are linked by proxy.