Inaccurate scoring

[Tuscani]

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Noah_Bodie wrote:

Respectfully disagreeing, while there is useful info here on MyFico forums, the places to learn are CB and CIC.

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You are forgetting FICO forums is not a credit repair site like CB and CIC. While we give advice that can improve your situation... debt validation, disputing accurate info, and the like is not allowed here.

Message Edited by Tuscani on 05-22-2007 06:21 AM

[MidnightVoice]

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Noah_Bodie wrote:

Respectfully disagreeing, while there is useful info here on MyFico forums, the places to learn are CB and CIC.

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I didn't like CB

[Tuscani]

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MidnightVoice wrote:

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Noah_Bodie wrote:

Respectfully disagreeing, while there is useful info here on MyFico forums, the places to learn are CB and CIC.

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I didn't like CB

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To each their own.. but I gained alot of my knowledge from there. CB is invaluable for specific processes to full fledged credit repair, laws, ect.

[Anonymous]

Tuscani,

Debt validation follows the letter the of the law. Unless Barry plans to start deleting those posts.

[Tuscani]

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Noah_Bodie wrote:

Tuscani,

Debt validation follows the letter the of the law. Unless Barry plans to start deleting those posts.

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I absolutely agree. But discussions pertaining to it are not permitted here.

[Anonymous]

Speaking with WAMU- they confirmed that their FICO score is enhanced but is based on the new FICO model- they are partners with Fair Isaac.

CREDIT SCORE CHANGE AVAILABLE

Your credit score has changed +/- 20 points since FEB 2007 and is
available online.

To access your credit score and view your score changes over time,
go to www.wamucards.com , log in and click the "Credit Profile" tab.

Although FICO(R) scores can change over time based on changes in your credit
file, we want to let you know that a recent update to the FICO scoring system
may result in an additional change to some people's FICO scores. Our system
has been updated to return the most recent version of FICO score, so you might
see a different score the next time you visit the site. We expect that most people
will see a relatively small change in their score as a result of this update.

Fair Isaac--the company that developed the FICO score--changes the scoring
model periodically to reflect the current lending environment. This updated
version of the model ensures that the FICO score continues to be reliable,
consistent, and powerful risk assessment tool.


Please do not reply to this message. For additional assistance, contact us
securely through our Customer Service area on www.wamucards.com

To update your alert preferences, go to www.wamucards.com and visit the "Manage My
Account" tab.

(c)2000 - 2007 Washington Mutual, Inc. All rights reserved.

[Barry]

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Tuscani wrote:

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Noah_Bodie wrote:

Tuscani,

Debt validation follows the letter the of the law. Unless Barry plans to start deleting those posts.

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I absolutely agree. But discussions pertaining to it are not permitted here.

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Noah_Bodie --

Our User Guidelines state:  This is not the place to exchange ‘credit repair’ advice that encourages consumers to provide untrue or misleading information to a credit bureau or lender for the purpose of raising FICO scores or otherwise improving credit ratings, credit histories or credit records.

So, for example, recommending that to improve my FICO score I should send debt verification letters to ALL of my creditors, whether I know I owe the debt or not, is recommending that I provide "untrue or misleading information to a credit bureau or lender." 

Recommending these types of actions or linking to sites that promote any credit repair violate our guidelines and are not permitted here.

Fortunately, all but a few contributers seem to understand these guidelines, which is truly appreciated by those of us trying to keep these Forums going as a valuable resource for FICO scoring and general credit knowledge.  And also, fortunately, we have not yet had to ban a contributer due to repeated violations of our User Guidelines of Terms of Service.

We appreciate your participation and valuable contributions, as long as they stick to the guidelines.

Thanks,

Barry

Message Edited by Barry on 05-23-2007 10:00 AM

[Anonymous]

Hoo boy, I didn't see this thread until now, which was after I posted the forbidden link.  : )

[Tuscani]

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masdeocho wrote:

Hoo boy, I didn't see this thread until now, which was after I posted the forbidden link.  : )

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BAN!!!!!

JK

[Anonymous]

Barry,

Even if a debt is within SOL, within the 7.5 year CRA reporting period, and a consumer knows it's their debt, it is still perfectly legal under FDCPA to DV a CA. Whether a CA is the owner or the assignee can matter a lot, and a CA who is not the owner of the debt sometimes cannot validate. As such, DVing isn't unethically avoiding a debt. Quite the contrary. If the CA cannot validate a debt, that in no way changes the obligation to the OC; however, it does crystalize the matter and tells the consumer one needs to contact the OC.