Interesting:
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Source:
FICO Questions Answered: Fair, Isaac CEO Reveals 3 Key Ways to Improve Your Score
Daniel Gross
Yahoo Tech Ticker, Jan 11, 2011
http://finance.yahoo.com/tech-ticker/fico-questions-answered-fair-isaac-ceo-reveals-3-key-ways-to-improve-your-score-535800.html
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Money is power, & you ought to be reasonably ambitious to have it." —Russell H. Conwell, Temple Univ, 1877
"It's the end of the world as we know it and I feel fine" say the French as consumer confidence in May rose to the highest since Nov '10 as they welcome and get excited about new Pres Hollande. Also, the French 10 yr bond yield touched the lowest on record this morning. June consumer confidence in Germany held at 5.7, just .2 pts off the highest since Mar '11. To the euro bond debate which is now taking on greater rhetoric with those with high bond yields wanting them and those with low ones saying no way, ECB member...
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January 13th, 2011 at 7:14 am
They really need to fix the “don’t use up all your available credit” bullshit, especially in the age of reward cards. A couple years ago I dumped a Wachovia card with a 31k limit on it because I got sick of the way they were screwing with my online statements and due dates. This was during the credit crisis so instead of getting a card with a modest 5k limit, the best I could do was a 1.5k card and a 1k card even with a 780 FICO. I go to refi a home some months later and because of the timing of when they pulled the credit report and my use of both of these reward cards, most of my available credit was being used. And of course the report notes “debt to credit ratio too high” and my FICO score was now in the 740s even though theoretically my debt profile (because I had less total available credit) should have been BETTER.
Because of this 740 score, I had to pay an additional several hundred bucks to the broker to get the best rates, money I could have spent somewhere else.
F!ck FICO.