topic Re: IQ and FICO score in Understanding FICO® Scoring

IQ and FICO score

Anonymous — Thu, 17 May 2012 17:27:45 GMT

I know your score goes down for 2 years after an IQ but after 1 year of the IQ anniversary does your FICO go up again?

I have 2 IQ back last year with TU both in June of 2011 so will I see a change in my FICO score next month? Sorry guys I'm still learning

Re: IQ and FICO score

Anonymous — Thu, 17 May 2012 17:33:27 GMT

FICO disregards INQ's after one year, so yes, after next month you should see a small jump.

Re: IQ and FICO score

MattH — Sun, 20 May 2012 21:26:43 GMT

I have usually seen inquiries abbreviated as INQ, so when I saw the subject line I read IQ as Intelligence Quotient and was therefore bemused...

Re: IQ and FICO score

Anonymous — Mon, 21 May 2012 02:48:03 GMT

I'd be curious to see what the correlation is to IQ and FICO, as a side note...

EDIT: Adding a smiley face, because I'd be really surprised if there were any significant correlation.

Re: IQ and FICO score

Anonymous — Mon, 21 May 2012 02:51:07 GMT

@Anonymous wrote:
I'd be curious to see what the correlation is to IQ and FICO, as a side note...

EDIT: Adding a smiley face, because I'd be really surprised if there were any significant correlation.

There's like a correlation between score and financial IQ.

Re: IQ and FICO score

Whereis750 — Wed, 23 May 2012 05:08:45 GMT

I was duped! Post Title had me curious... IQ/FICO ??

Re: IQ and FICO score

crunching_numbers — Wed, 23 May 2012 16:29:19 GMT

@Anonymous wrote:
I'd be curious to see what the correlation is to IQ and FICO, as a side note...

EDIT: Adding a smiley face, because I'd be really surprised if there were any significant correlation.

I have found that in every case, FICO is higher than IQ.

This can be taken as the correct correlation:

@Anonymous > IQ @ 100% accuracy

Re: IQ and FICO score

MattH — Fri, 25 May 2012 23:29:43 GMT

@Anonymous wrote:
I'd be curious to see what the correlation is to IQ and FICO, as a side note...

EDIT: Adding a smiley face, because I'd be really surprised if there were any significant correlation.

Well, people who think they can outsmart the sales reps can end up in a world of financial hurt. If it is not clear to you exactly how the other party to any transaction will make money, run away! As Robert Heinlein wrote somewhere, "if you say you want to help me, I am suspicious, if you say you want to help yourself, maybe we can do business."

Re: IQ and FICO score

marty56 — Sat, 26 May 2012 10:31:25 GMT

LOL if my IQ was the lowest non zero FICO score I wouldn't need one since I would know the winning lotto numbers were.

Re: IQ and FICO score

Anonymous — Sat, 26 May 2012 16:41:34 GMT

@crunching_numbers wrote:

I have found that in every case, FICO is higher than IQ.

This can be taken as the correct correlation:

@Anonymous > IQ @ 100% accuracy

Do not forget about the weighted IQ vs Fico... IQ + weight can be greater than Fico with some people.