FICO '11 model: Negative inquiry feature

[Anonymous]

You said it, they heard it. Fair Isaac & Co rolled in their new state of the art FICO '11 scoring model on Thursday in an effort to curtail the recent outrage in the middle east over the effects of "Hard credit inquiries". Speaking with the media, Fair Isaac & Co chairperson Ms. Rebecca Black vowed to hand-out pamphlets regarding the new "Negative inquiry" feature on Friday, though she declined to comment any other new features introduced with the new model.

Negative inquiry basically subtracts your total number of inquiries by one and keeps on doing so until the parsed info obtained from the credit report indicates the urge to apply for more credit.

Transcripts from Ms. Rebecca Black's press conference can be found here : http://www.myfico.com/press release/fubar.htm

If you are still reading this article and havent yet realized that you have been fooled like a G6, then you need to get your mental analysis done from this doctor.

[marty56]

You forgot to mention the BofA ignore feature where you can optionaly drop any BofA TL.  Yes and the $.99 TU or EQ CR coupons for life report for forum members. 

[smallfry]

What they need to figure out is how to recode inquiries for insurance utilities and the like. Hard unquiries that are counted against your score should be limited to mortgages home equity loans personal lines of credit and credit cards. Not sure what I think about student loans. I also do not think that you should be penalized for a new inquiry or a new account when a new mortgage gets sold.

[Anonymous]

I'll admit, Llecs had the best April fools thread...