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More FICO Follies From Fair Isaac
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Bat1 - 12:06pm on 06/15/2006
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Where’s our source authority on FICA--diane?  Surely she can clear this up for us, right?

Regards…

LoadTheMule - 06:06am on 06/16/2006

What was the translation of FICA, again?

robert108 - 07:06am on 06/16/2006

LoadTheMule said, Where’s our source authority on FICA--diane? Surely she can clear this up for us, right?

Please,..for the sake of this blog’s health - leave it alone. The bitch is gone.

Or is she back?

Who knows...her word is shit.

likwidshoe - 07:06am on 06/16/2006

For the sake of FICO, can we just let this thread die?

Carrick - 08:06am on 06/16/2006

I personally volunteer to drive a stake through its heart.  It keeps rising from the dead, so that must be the required remedy.

robert108 - 08:06am on 06/16/2006

Whatever it takes, man.  Whatever it takes.  Just make it swift and very very painful.

Carrick - 08:06am on 06/16/2006

Please,..for the sake of this blog’s health - leave it alone. The bitch is gone.

Sorry, I got carried away.  I do so like to see ‘em hoist on their own petard.  And if you think she’s gone, you’re waaaaay too optimistic.

Regards…

PS--And please don’t call her a bitch.  You know how that sets her off.

LoadTheMule - 09:06am on 06/16/2006

Yea, there are so much more descriptive nomenclature to use.

TwoHotel9 - 11:06am on 06/16/2006

You’d think a moron supposedly owning a mortgage co. for 25 years would have heard of fica scores when they’re prominantly mentioned on the “A FICO score” website, wouldn’tcha????  Oh well, once more:

More than one fica score
In general, when people talk about “your score”, they’re talking about your current FICO score. However, there is no one score used to make decisions about you. This is true because:

Credit bureau scores are not the only scores used.
Many lenders use their own fica scores,
which often will include the FICO score as well as other information about you.

FICO credit scores are not the only credit bureau scores.
There are other credit bureau scores, although FICO scores are by far the most commonly used. Other credit bureau scores may evaluate your credit report differently than FICO credit scores, and in some cases a higher score may mean more risk, not less risk as with FICA credit scores.

Your FICO credit score changes over time.
As your data changes at the credit reporting agency, so will any new score based on your credit report. So your FICO credit score from a month ago is probably not the same fica score a lender would get from the credit reporting agency today.

*********

It is because of sheer, unadulterated ignorance such as that shown by ‘mortgage co. owner’ Batty and ‘loan rep to the 5th largest mortgage co. in the country (which was that again Mule?), that I must continue to try to educate them, for the sake of the poor real estate agents and brokers who are on the receiving end of their incompetence.

I want to be sure to call your home office, Mule.
Tel # please.

diane - 02:06pm on 06/16/2006

See?I told you guys. Just say it’s name 3 times.

TwoHotel9 - 02:06pm on 06/16/2006
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