FICO® Credit Capacity Index

[veracious]

Although I know it is a tool used only by lenders, I was hoping to learn anything

from the members.  Anyone familiar with the use or purpose of  this great FICO product?

Thanks in advance

[Anonymous]

This is interesting.  I have never heard of it, though.  Where did you learn about it?

[Anonymous]

It's used in conjunction with the FICO score to better predict who can better handle new credit or more debt, however you want to look at it.

From what I gather, if you already have a very low or very high score it won't help lenders much.  It is used to target those with a score in the mid range of 700 or better.

[veracious]

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@Anonymous wrote:

This is interesting.  I have never heard of it, though.  Where did you learn about it?

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06,   I found a link to various FICO products here-----http://www.fico.com/en/Products/Pages/default.aspx.

look under the heading labed   Scores   for this and other products.

The reason I posted this thread was in the hopes of drawing out a lending professional to start posting info

on the boards.  I don't know if there are industry professional posting here or not.  It would be helpful to

the My FICO community.

[Anonymous]

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@veracious wrote:

Although I know it is a tool used only by lenders, I was hoping to learn anything

from the members.  Anyone familiar with the use or purpose of  this great FICO product?

Thanks in advance

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You can get info on almost all FICO products from any 60+yr old finance officer at any non-branded car dealership because they are usually retirees from big banks etc.