What is FICO, in few words..

[Anonymous]

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@Anonymous wrote:

A place with computers working, not Humans with Brain..

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A human (with a brain) created this scoring system.

[Aarvard]

It's credit karma 

You reap what you sow 

[Anonymous]

I am a good debtor, credit card companies are making money with me, I do not have late or minimum payment. My checking and saving accounts are healthy, my weekly check is good. And still, my FICO is low.
My neighbor receiving unemployment benefits, food stamps, sharing a room and FICO almost 8, that's way I do not understand FICO, what you think..? Hard to believe. ..

[gdale6]

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@Anonymous wrote:
I am a good debtor, credit card companies are making money with me, I do not have late or minimum payment. My checking and saving accounts are healthy, my weekly check is good. And still, my FICO is low.
My neighbor receiving unemployment benefits, food stamps, sharing a room and FICO almost 8, that's way I do not understand FICO, what you think..? Hard to believe. ..

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Fico is based on what is on ones CR not what their source of income and living situation is.

[Gunnar419]

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@Anonymous wrote:
I am a good debtor, credit card companies are making money with me, I do not have late or minimum payment. My checking and saving accounts are healthy, my weekly check is good. And still, my FICO is low.
My neighbor receiving unemployment benefits, food stamps, sharing a room and FICO almost 8, that's way I do not understand FICO, what you think..? Hard to believe. ..

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Well, if you're willing, tell us what's on your credit report. Loans, ccs, what your AAoA and your util are, how many inquiries you have on each report, whether you have any baddies, etc.

This forum exists to help people improve their credit and raise their scores. We can gladly do that for you if we know your credit profile. No point just complaining about the system. Let us help you understand what's keeping you down and let us help you improve your situation.

[Anonymous]

Ok, although I do not agree with FICO, I have received
good answers, this is a real forum, no body deleted my complaint, I am happy,this is amazing, another reason to love this country.. Thank you..