I'm not jealous over anyones score I have my own and it is a snapshot of me.
I believe in FICO despite the people who get things erased. HEY i've been there too and I did it on my own. I learned the rules at 19 I am now 38 and continued to learn read learn and read.
FICO knows who you are you can get things deleted but you know in the end YOU are who you are and it will let the banking world know it. I can listen and tell where a person is FICO score wise. I hear numbers. you tell me a little bit bout you and I got your score already added up.. SO why do I say this.......well...I really don't know.. Perhaps I am the most crazy and talkative person when it comes to credit. I will battle it out between anyone that challenges me. Of course I don't know everything but I love the subject of credit and I am good at it. Are there any more Guru's out there?
FICO is about the change the rules...slightly and I can't wait. Fico is great already to me....but just to think of them being even better.
Credit scoring helps the banking industry know their risk. It keeps the market safe. So when people talk of the housing markets notice they talk about subprime....Hmmm subprime are for the folks who had messed up credit in the first place....Betcha bank of america and chase and all of those banks who gave out traditional mortgage loans do not have the same problem, becuase people had to have the scores and the money to get a loan. Subprime was the governements way of turning a deaf ear to FICO. When those horrific credit scores were pulled up by FICO, they should have heard the word "NO" but the governemnt continued to make money available for this risk and said that everyone deserves the American Dream . They ignored FICO and now look at it... but as I say America is a machine we can bounce back from anything.....
THANK GOODNESS FOR FICO.
