I have always wanted to know more about my credit report and how it all works. Searching the Internet high and low, I find a web site that seems like it might be a laget web site.
Here is a picture of what creditinfocenter says is some of the true numbers that Fair Isaac uses to calculate one's FICO score. A call was made to Fair Isaac in California and they said that this score chart is absolutely NOT true.
I am not saying that they are a scam, but it sure seems funny to me that one of my close friends calls up Fair Isaac in California @ 1-415-472-2211 and asked a few questions.
My friend asked if the scoring chat that this web site has posted is true or not. He was told that the scoring chart posted is NOT the true info that they use to calculate a consumer's Fair Isaac Score.
My friend did notice that while talking to this person @ Fair Isaac in CA that they became very short and did not want to talk about what is posted as a scoring chart at all. He said this man seemed very hot or botherd about this topic as to what was posted.
Http://www.creditinfocenter.com/creditreports/scoring/scoringinfluences. Shtml
How is it that this web site can post what might be false or misleading information to consumers about how one's Fair Isaac Score is calculated?
Here is some of what is posted on the web site. Word for Word!
"Credit Scores, what influences them, according to Fair Isaac"
"This documentation part of our reporting on the Credit Scoring Conference we attended in July 1999.
How your credit score is calculated is truly a mystery, and is protected, if not by law but by the FTC. The statistical model (aka FICO Score) used by all three credit bureaus and in some form or other by all banking institutions was developed by Fair Isaac."
"Why doesn't Fair Isaac tell anyone exactly what goes into the model?"
"The company maintains that their model is a proprietary system, and it is protecting itself - if it gave away the product, how would Fair Isaac make money?"
The only advice I could give is to hide your SSN from everybody.
1. Always Pay your bills at least ten days before they are due.
2. Keep your same mailing address for as long as you can.
3. Never spend any money on your credit card unless you can pay off the bill in FULL when it comes in.
4. Never let a car dealer run a credit report on you unless you are sure you are ready to buy that day and they have what you want on their car lot at that time.
Sounds to me like it all just might be a rip off!
Mary
Tempe, Arizona
U.S.A.
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