Any official word on the Credit Capacity Index?

MidnightVoice · ‎02-08-2008

Any inside info from FI?

http://money.cnn.com/2008/02/08/markets/morningbuzz/index.htm

Along those lines, Fair Isaac is also rolling out in May something that it calls a Credit Capacity Index. That will help banks determine how much additional debt a prospective borrower can handle

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid

haulingthescoreup · ‎02-08-2008

Oh, good God, another score to keep track of.

But that's ridiculous blaming FICO scores for the meltdown. I'd guess that the scores probably predicted things pretty well. But the sub-prime lenders didn't care, because they wanted the money, and the homeowners didn't care, because they wanted houses, and everyone convinced themselves that the fairy tale would go on forever, and that reality would never knock at the door.

Hmmm... FICO stock going cheap!

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

Anonymous · ‎02-08-2008

This might start some wild speculation. I hope we get some insight on this soon.