I notified Fair Isaac of my intent to publish and requested notice of any inaccuracies
At first I couldn’t post and as I checked other threads, I realized how much misinformation there really is. Fair Isaac is trying HARD to get their readers to pay collections.
Finally I was able to post, apparently somebody had been messing with the permissions:
It’s not a bad dream, FICO scoring is a nightmare and I’d LOVE to wake up!
However, not only am I awake, but I’ve been analyzing FICO scores since they became mandatory for mortgages in the mid 90s.
The documentation is posted at http://creditlegislation.org/activists/forum11/19.html
There’s the screenshot of the report and I even added the detailed explanation. The DOCUMENTATION proves that there’s a serious PROBLEM with late payments MADE UP by Fair Isaac’s scoring software, late payments that are NOT reported by the CRA.
Apparently the posters here think it’s FUNNY that millions of people were forced into subprime mortgages and are now losing their homes, families and some even their lives—because of FICO scoring “bugs.”
Barry, if there’s ANYTHING at all that’s not accurate in my posting here or at my site, PLEASE let my know exactly what that is.
Since the fictitious late payment “bug” has NOT been fixed as I continue to see myFICO reports with those fictitious late payments, I can only assume that it is actually a bug by design, not just incompetence.
I’m going to send out a press release about the fictitious late payments and I’ll forward it to members of the House Financial Services Committee. Also, I’m writing a book about credit, scoring, banking, the real reasons for the subprime crisis, etc.
So please advise if there are ANY inaccuracies whatsoever.
Thank you!
Christine
One of the posters in that thread wondered why my forums are closed and I’m the only person posting. There’s no better explanation than the posts at the myFICO forum: the complete absence of intelligence.
Not one person at the myFICO forum can read a myFICO report and see that they made up the late payments.
Scary, very scary. I think my clients all got it and they’re “average” people, not trained to look at credit reports.
Posted by Christine on 11/29/2007 at 09:12 AM
2003 Suit (appealed, Experian filed credit reports on PACER) • Fair Isaac - credit scoring fraudware • FICO scores rate FICTITIOUS late payments • (0) Comments • Permalink
