Make a Contribution to Remove NSFW Ads

New FICO Score System: What You Need to Know

ArsenalCannon357

ArsenalCannon357

Rising Star
BGOL Investor
Fair Isaac Corp. is rolling out its new-and-improved FICO score, but it's likely to take a while before consumers see how they stack up under the new system.

On Thursday, Fair Isaac and one of the three major credit bureaus, TransUnion LLC, will start offering the revamped score, dubbed "FICO 08," to lenders. Equifax Inc. is expected to follow in the second quarter, while Experian Group Ltd. declined to comment due to pending litigation with Fair Isaac.

The new score is supposed to do a better job of predicting borrower defaults, be more forgiving of one-time slipups and take a harder line on repeat offenders. The score, which will still range from 300 to 850 -- the higher, the better -- is fine-tuned to do a deeper analysis of subprime borrowers or those with "thin" or young credit histories, according to Fair Isaac. More consumers with accounts in good standing should also see their scores increase slightly, says Tom Quinn, vice president of global scoring solutions at Fair Isaac. Overall, Fair Isaac predicts FICO 08 will improve the accuracy of lending decisions by as much as 15%.
Click to expand...

More here: http://online.wsj.com/article/SB123319739410727467.html
 
I hate the credit score system in America. It's pure bullshit. In other countries such as Europe, there is no bullshit like this. They look at your present job and income, that's all.
 
Lola said:
I hate the credit score system in America. It's pure bullshit. In other countries such as Europe, there is no bullshit like this. They look at your present job and income, that's all.
Click to expand...

As indisciplined and irresponsible as many people are in the US, most companies will go bankrupt if they follow the European system.
 
jagu said:
As indisciplined and irresponsible as many people are in the US, most companies will go bankrupt if they follow the European system.
Click to expand...

So what? They are going bankrupt WITH THIS SYSTEM, sooo.....

The word is UNdisciplined by the way. :hmm:
 
ned pepper said:
:lol:you got a point!
Click to expand...

They can't move anything right now, because no one has these high ass scores for one reason or another. They won't sell cars, etc. if they keep scores that high. I know people who have poor scores because they prefer to pay cash instead of use credit! How is that fucking fair? Or how about when they hit your score from inquiries to your credit.

The FICO system is bullshit, unfair and unbalanced.

Trust me, things are going to change more with this system.
 
Lola said:
I hate the credit score system in America. It's pure bullshit. In other countries such as Europe, there is no bullshit like this. They look at your present job and income, that's all.
Click to expand...

WTF??? Even with this current system people in the U.S. get way too much credit, which is why we're in the trouble we're in. And you want to make it EASIER for poor risks to get credit? Are you trying to destroy Obama?

Here's a crazy-ass idea. Build up a good rating by not borrowing beyond your means and by making prompt payments!!! Simple.
 
Blunt said:
WTF??? Even with this current system people in the U.S. get way too much credit, which is why we're in the trouble we're in. And you want to make it EASIER for poor risks to get credit? Are you trying to destroy Obama?

Here's a crazy-ass idea. Build up a good rating by not borrowing beyond your means and by making prompt payments!!! Simple.
Click to expand...

Look here you "think you know it all, condescending, uninformed bullshit talker", I didn't say that poor people should get more credit.

My point is that the FICO system in this country is incredibly flawed and will continue.

We are in trouble because of greedy, overpaid CEO's and the greed of the corporate world---the average Joe's who got credit didn't ruin this country. "Your type" wants the world to believe that nonsense.

Why don't you read what some of the people who worked in that industry have to say about it?

FIND OUT THE TRUTH BEFORE YOU SPOUT LIES AND BLAME THE LITTLE GUY. :hmm:

Excellent article about the fall of Wall Street by a person who worked in the system. Great read.

http://www.portfolio.com/news-marke...folio/2008/11/11/The-End-of-Wall-Streets-Boom
 
Last edited:
Lola said:
They can't move anything right now, because no one has these high ass scores for one reason or another. They won't sell cars, etc. if they keep scores that high. I know people who have poor scores because they prefer to pay cash instead of use credit! How is that fucking fair? Or how about when they hit your score from inquiries to your credit.

The FICO system is bullshit, unfair and unbalanced.

Trust me, things are going to change more with this system.
Click to expand...


Please inform your self...random inquiries do not affect your score.
 
ljinsane said:
Please inform your self...random inquiries do not affect your score.
Click to expand...

What do you mean by random? If you're pulling your credit report, it will not affect your score. If someone else is pulling your report depending on it being a "soft" hit or not is what's going to determine if it'll fuck up your score or not. I don't have anyone pull my report, as soon as I see someone do it w/o my authorization get on that IDENTITY THEFT RANT!!!
 
ODUB said:
What do you mean by random? If you're pulling your credit report, it will not affect your score. If someone else is pulling your report depending on it being a "soft" hit or not is what's going to determine if it'll fuck up your score or not. I don't have anyone pull my report, as soon as I see someone do it w/o my authorization get on that IDENTITY THEFT RANT!!!
Click to expand...

Thank you! But he's telling me to "inform myself". :hmm::hmm::hmm:
 
jagu said:
At least google up the word. the keyboard was right in front of you. I guess those fat fingers were to cumbersome for the extra work uh?


http://www.thefreedictionary.com/indisciplined
in·dis·ci·pline (n-ds-pln)
n.
Lack of discipline or restraint.
in·disci·plined adj.
Click to expand...

Try this one, loser.
WordNet: undisciplined
meaning below to see its connections and related words.
The adjective has 3 meanings:

Meaning #1: not subjected to discipline


Meaning #2: not subjected to correction or discipline
Synonym: uncorrected


Meaning #3: lacking in discipline or control
Synonym: ungoverned


_____________________

Of course you would try to bring some lame ass fat jokes in here, because you've got owned and you don't have enough mental fortitude to stick to the subject about FICO SCORES.

It's apparent you don't live in America, since we don't use the word "indisciplined". What country are you from fuckwad?
 
jagu said:
You should have at least googled it up before running with it.

http://www.merriam-webster.com/dictionary/indisciplined

: lack of discipline
— in·dis·ci·plined Listen to the pronunciation of indisciplined \-plənd, -(ˌ)plind\ adjective
Click to expand...

:hmm::hmm::hmm:

Again, answer the question boy....

According to your idiotic logic, Americans are too "indisciplined" (as YOU say), so FICO serves a good purpose to keep the country from bankrupting, but since we are in the hole and bankrupt from using this system you find so useful, then what is answer asswipe?
 
Lola said:
Try this one, loser.
WordNet: undisciplined
meaning below to see its connections and related words.
The adjective has 3 meanings:

Meaning #1: not subjected to discipline


Meaning #2: not subjected to correction or discipline
Synonym: uncorrected


Meaning #3: lacking in discipline or control
Synonym: ungoverned


_____________________

Of course you would try to bring some lame ass fat jokes in here, because you've got owned and you don't have enough mental fortitude to stick to the subject about FICO SCORES.

It's apparent you don't live in America, since we don't use the word "indisciplined". What country are you from fuckwad?
Click to expand...

Yes, I did not grow up in America, but I have lived here for several years and I must have fooled somebody bad enough with my bad English to be admitted to the bar in several states unlike you the smart one getting owned by her deadbeat relatives. Fucking walrus. How was the vet visit this morning?
 
jagu said:
Yes, I did not grow up in America, but I have lived here for several years and I must have fooled somebody bad enough with my bad English to be admitted to the bar in several states unlike you the smart one getting owned by her deadbeat relatives.
Click to expand...

At least I own property and actually, he paid me last week. Thanks for being so concerned.

Again punk ass, what is your answer since the FICO score is sooo great????

You got OWNED...shut the fuck up, move on, I bet I look better than all the women you've ever been with, if...you are really into women. Having fun in FAGlanta?

So you're a lawyer? Uh huh.. Okay. :hmm:
 
Lola said:
:hmm::hmm::hmm:

Again, answer the question boy....

According to your idiotic logic, Americans are too "indisciplined" (as YOU say), so FICO serves a good purpose to keep the country from bankrupting, but since we are in the hole and bankrupt from using this system you find so useful, then what is answer asswipe?
Click to expand...

Your inability to reason and comprehend is embarrassing, to say the least

My point was that a fico score is an objective way to measure an individual's creditworthiness. If they gave out credit to low end animals like you and your relatives without any measuring standard, then yes, a lot of businesses would be bankrupt or in worse position that they are now
 
Lola said:
At least I own property and actually, he paid me last week. Thanks for being so concerned.

Again punk ass, what is your answer since the FICO score is sooo great????

You got OWNED...shut the fuck up, move on, I bet I look better than all the women you've ever been with, if...you are really into women. Having fun in FAGlanta?
Click to expand...

Is that what they tell you after leaving the envelope on the table?:lol::lol:

20walrus-600.jpg
 
This shit is really going to do damage to niggas who rely on the Authorize user method to keep they credit looking nice.
 
jagu said:
Your inability to reason and comprehend is embarrassing, to say the least

My point was that a fico score is an objective way to measure an individual's creditworthiness. If they gave out credit to low end animals like you and your relatives without any measuring standard, then yes, a lot of businesses would be bankrupt or in worse position that they are now
Click to expand...

No, that's not what you said. Let's recap....

jagu said:
As indisciplined and irresponsible as many people are in the US, most companies will go bankrupt if they follow the European system.
Click to expand...

America and it's companies are bankrupt and officially in the crapper, but according to YOU, the FICO system is needed to keep bankruptcy from happening. :hmm:

Try to keep up bitch.
 
Lola said:
No, that's not what you said. Let's recap....



America and it's companies are bankrupt and officially in the crapper, but according to YOU, the FICO system is needed to keep bankruptcy from happening. :hmm:

Try to keep up bitch.
Click to expand...

I have explained my position above, but your reasoning deficiency precludes your from comprehending it. It is difficult to argue with an idiot, moreso a dumb and washed up idiot whore. Again, when the vet gives you your discharge papers, i might argue with you.
 
Bankrupt companies or companies on the verge of bankruptcy...

Aloha Airlines
Alitalia
ATA
Bally Total Fitness
Bed, Bath and Beyond
Bennigan’s
Bombay Co
Boscov's
BTWW Retail
Circuit City
CompUSA
Covad Communications
Excite@Home
Exodus Communications
Hollywood Video
Harold’s
KB Toys
Lenox Group Inc.
Levitz Furniture
Lillian Vernon Corp.
Linens ‘N Things
Mervyns
NorthPoint Communications
Performance Team Freight
Pilgrim's Pride
Sharper Image
Shoe Pavilion
Skybus
Steak & Ale
Steve & Barry’s
Tweeter
Whitehall Jewelers


AND

EQUIBANC
FOXTONS INC.
FIRST MAGNUS
HOME EQUITY
LEXINGTON LENDING
OPTIMA FUNDING
TRIBUNE
 
jagu said:
Again, when the vet gives you your discharge papers, i might argue with you.
Click to expand...

:hmm:

Lame. Even though you won't admit it, the systems put in place are flawed and are failing. Bottom line.

If you're a lawyer, why are you on a porn messageboard arguing with lame ass retorts?

Go away, please. You're boring and you aren't contributing anything to this thread.
 
Lola said:
:hmm:

Lame. Even though you won't admit it, the systems put in place are flawed and are failing. Bottom line.

If you're a lawyer, why are you on a porn messageboard arguing with lame ass retorts?

Go away, please. You're boring and you aren't contributing anything to this thread.
Click to expand...

There are more lawyers on this board than whores like you, believe me, I have communicated with some of the lawyers on here.
usermedia.php
 
Last edited:
Lola said:
Look here you "think you know it all, condescending, uninformed bullshit talker", I didn't say that poor people should get more credit.

My point is that the FICO system in this country is incredibly flawed and will continue.

We are in trouble because of greedy, overpaid CEO's and the greed of the corporate world---the average Joe's who got credit didn't ruin this country. "Your type" wants the world to believe that nonsense.

Why don't you read what some of the people who worked in that industry have to say about it?

FIND OUT THE TRUTH BEFORE YOU SPOUT LIES AND BLAME THE LITTLE GUY. :hmm:

Excellent article about the fall of Wall Street by a person who worked in the system. Great read.

http://www.portfolio.com/news-marke...folio/2008/11/11/The-End-of-Wall-Streets-Boom
Click to expand...
fail


ceo money comes from revenues. that means consumers pay them. consumers go broke, then ceos go broke. instead of sales decreasing when consumers went broke, they used credit to shift the risk to wall street. now they can't pay it back and are mad that they can't borrow more. meanwhile the banks and institutions (schools and retirement funds) whose money were used by the credit card companies are going broke because consumers didn't pay it back.
 

Make a Contribution to Remove NSFW Ads
You must log in or register to reply here.
Back
Top