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centex · 06-01-2008, 06:31 PM

There would be no claim that could be advanced...it would be on par with suing because FAKO is not the same as a classic FICO. You would have to demonstrate that the scoring algorithm was misreading the data AND you would have to demonstrate that you were adversely impacted by the misreading. But, since any impact you saw would also be felt by EVERYONE, you would then have to demonstrate that the lender was not already aware of the potential change...and then you would have to demonstrate that you would have been approved BUT FOR the change in format that led to the change in potential scoring.

Yet another reason not to feed the Fair Issac monster that is myFICO dot com.

FWIW, I have seen no changes in the manner of delivery or scoring via the EQ system, which we should remind at this juncture, is offering a true FICO score.

06-01-2008, 06:31 PM	#2 (permalink)
centex HONORED GUEST Join Date: Jul 2006 Location: Austin-area Posts: 2,691 Casino Cash: $332200	There would be no claim that could be advanced...it would be on par with suing because FAKO is not the same as a classic FICO. You would have to demonstrate that the scoring algorithm was misreading the data AND you would have to demonstrate that you were adversely impacted by the misreading. But, since any impact you saw would also be felt by EVERYONE, you would then have to demonstrate that the lender was not already aware of the potential change...and then you would have to demonstrate that you would have been approved BUT FOR the change in format that led to the change in potential scoring. Yet another reason not to feed the Fair Issac monster that is myFICO dot com. FWIW, I have seen no changes in the manner of delivery or scoring via the EQ system, which we should remind at this juncture, is offering a true FICO score. __________________ I am not your* attorney and you are not my client. Nothing in this post shall be construed as establishing an attorney-client relationship.* Would you rather us tell you what WILL happen or would you rather have rah-rah bull-droppings from someplace else?