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LOLOLLLLL
fused111 wrote:dog it will sure be nice when you receive your blue card, so you can whip it out and pay one of your power lunch tabs with your friends and cohorts w/o maxing it out! Steaks and cocktails for four with a $300 CL, not exactly priceless.
dog wrote:orchard is my oldest card, i am not giving that one up for any damned thing
Message Edited by fused111 on 07-10-2007 11:57 AM
fused111 wrote:For the last several weeks it has been rumored consumers with subprime CCs reporting on their CRs will see their FICO scores plummet once FICO'S new and improved scoring model debuts this September. JUST IN, THIS IS NOT GOING TO HAPPEN! So what will the new FICO scoring model do? Simply put, a better job of predicting subprime and prime risk than earlier versions of FICO scoring models. That's it!
Fair Isaac's development tests indicate that the new Classic FICO® score research model increases predictive strength by 5-15 percent, with the largest increases coming in three important consumer segments:
I ain't buying the good news. I say the AU issue alone is going to drive down the FICO scores of millions, some seeing significant decreases, and many being husbands and wives who are already responsible for one another's debts.
I also predict the end result will be more subprimes.
Well, it will be good news for lenders, just not for consumers
MidnightVoice wrote:Well, it will be good news for lenders, just not for consumers
With regard to AUs, I am in total agreement with you. The good news applies to those who only qualify for sub-prime CCs. Their scores are not suppose to drop simply beacause they have sub-prime CC TLs on their CRs.
Noah_Bodie wrote:The company plans to begin delivering the new FICO® score innovations starting in September....Fair Isaac's development tests indicate that the new Classic FICO® score research model increases predictive strength by 5-15 percent, with the largest increases coming in three important consumer segments:
- Originations and new accounts
- Borrowers who pose higher risk, often referred to as subprime borrowers
- Borrowers with thin or young credit bureau files
I ain't buying the good news. I say the AU issue alone is going to drive down the FICO scores of millions, some seeing significant decreases, and many being husbands and wives who are already responsible for one another's debts.
I also predict the end result will be more subprimes.