interesting read

[Anonymous]

http://consumerist.com/336077/

[Anonymous]

I wonder when this is suppose to actually come about~~~~~>FICO 08????

[Anonymous]

No one knows   it could be in a few months or few years.

[Anonymous]

I think I read that it would be May 08 time frame.

[fused]

I can't wait!

[Anonymous]

I wonder if this will help me. The biggest thing affecting my credit is some lates I had two years ago.

HEAVEN FORBID I SHOULD BE PUNISHED BECAUSE A DAMNED TORNADO WRECKED MY HOUSE BACK THEN!

[Anonymous]

from the Wall Street Journal...

FICO 08 is likely to face some competition from VantageScore Solutions LLC of Stamford, Conn., a joint venture of the three credit bureaus that was rolled out in 2006. Fair Isaac has sued VantageScore and the three bureaus, accusing them of using unfair and anticompetitive practices to harm the FICO brand. Recently, Equifax linked the suit with the launch of FICO 08. The company has said it wouldn't move forward with FICO 08 and that its relationship with Fair Isaac remains "strained" until the lawsuit is resolved, says David Rubinger, Equifax spokesman. The new FICO model has already been distributed to Experian, which is in the process of implementing it, while TransUnion expects to have the scoring model available for lenders to test during the second quarter of 2008. Fair Isaac says its intention is to provide the formula to all three credit-reporting agencies.

[haulingthescoreup]

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@Anonymous wrote:

from the Wall Street Journal...

.... The new FICO model has already been distributed to Experian, which is in the process of implementing it, while TransUnion expects to have the scoring model available for lenders to test during the second quarter of 2008. Fair Isaac says its intention is to provide the formula to all three credit-reporting agencies.

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Now, let's see how long it takes lenders to switch over to it! They move about as quickly as a rhinoceros in quicksand.

beenthere, can you please find the link to this excerpt and post it? I'd like to read the whole article (if this is an excerpt), and we do ask that everyone post links to the original source of a quote, or at least where to find it (journal, date, time, page number, etc.) Takes you right back to school, doesn't it?