Comments on: My FICO Dropped Nearly 40 Points! http://www.getrichslick.com/my-fico-dropped-nearly-40-points/736/ Getting Rich Slick® has never been so easy... Fri, 03 Sep 2010 12:22:55 +0000 hourly 1 http://wordpress.org/?v=abc By: The FICO Credit Card Conspiracy? » Get Rich Slick http://www.getrichslick.com/my-fico-dropped-nearly-40-points/736/comment-page-1/#comment-53840 The FICO Credit Card Conspiracy? » Get Rich Slick Wed, 26 Nov 2008 15:00:54 +0000 http://www.getrichslick.com/2008/10/31/my-fico-dropped-nearly-40-points/#comment-53840 [...] to subscribe to my RSS feed. I’m being inundated by e-mails and comments that people’s FICO scores seem to be dropping mysteriously for no reason.   People don’t appear to be late on any [...] [...] to subscribe to my RSS feed. I’m being inundated by e-mails and comments that people’s FICO scores seem to be dropping mysteriously for no reason.   People don’t appear to be late on any [...]

]]> By: Fed Up! http://www.getrichslick.com/my-fico-dropped-nearly-40-points/736/comment-page-1/#comment-53839 Fed Up! Wed, 26 Nov 2008 06:40:43 +0000 http://www.getrichslick.com/2008/10/31/my-fico-dropped-nearly-40-points/#comment-53839 My FICO has dropped 80 points in 6 months. I have paid more than the minimum amount every month. I am ALWAYS on time (or early) with payments. I have paid debt DOWN. I have not gotten any new credit cards. All bureaus, all credit card companies and all utilities acknowledge that I have a stellar credit history. And yet my FICO has dropped month after month! WHY? Calls to them result in them blaming the credit card companies for bad reporting! HA! And calls to the credit card companies result in them blaming the FICO people, saying that they have no control over what FICO does. Calls back to FICO during which I ask for someone higher in the food chain results in my being disconnected. I am ready to go to the Attorney General or whomever regulates this nonsense. I have been working diligently at building a great credit history for buying a house and now this drop has killed me. Anyone know of an attorney willing to go after FICO??? My FICO has dropped 80 points in 6 months. I have paid more than the minimum amount every month. I am ALWAYS on time (or early) with payments. I have paid debt DOWN. I have not gotten any new credit cards. All bureaus, all credit card companies and all utilities acknowledge that I have a stellar credit history.

And yet my FICO has dropped month after month! WHY?

Calls to them result in them blaming the credit card companies for bad reporting! HA! And calls to the credit card companies result in them blaming the FICO people, saying that they have no control over what FICO does.

Calls back to FICO during which I ask for someone higher in the food chain results in my being disconnected.

I am ready to go to the Attorney General or whomever regulates this nonsense.

I have been working diligently at building a great credit history for buying a house and now this drop has killed me.

Anyone know of an attorney willing to go after FICO???

]]> By: RichSlick http://www.getrichslick.com/my-fico-dropped-nearly-40-points/736/comment-page-1/#comment-53811 RichSlick Thu, 20 Nov 2008 14:24:46 +0000 http://www.getrichslick.com/2008/10/31/my-fico-dropped-nearly-40-points/#comment-53811 My FICO dropped AGAIN this month another 20 points. It doesn't make any sense! My FICO dropped AGAIN this month another 20 points. It doesn’t make any sense!

]]> By: Bruce http://www.getrichslick.com/my-fico-dropped-nearly-40-points/736/comment-page-1/#comment-53810 Bruce Thu, 20 Nov 2008 14:00:54 +0000 http://www.getrichslick.com/2008/10/31/my-fico-dropped-nearly-40-points/#comment-53810 I agree, my FICO did the same thing last month. Similar situation... paid off a bunch of debt, with revolving credit being cut in half (over a 2 month period)Score dropped nearly 40 points from Oct to Nov. What's going on? I agree, my FICO did the same thing last month. Similar situation… paid off a bunch of debt, with revolving credit being cut in half (over a 2 month period)Score dropped nearly 40 points from Oct to Nov. What’s going on?

]]> By: RichSlick http://www.getrichslick.com/my-fico-dropped-nearly-40-points/736/comment-page-1/#comment-46802 RichSlick Fri, 31 Oct 2008 16:38:28 +0000 http://www.getrichslick.com/2008/10/31/my-fico-dropped-nearly-40-points/#comment-46802 There is minimal regulation now, who knows what will happen after November 4th ;) There is minimal regulation now, who knows what will happen after November 4th ;)

]]> By: Brandon http://www.getrichslick.com/my-fico-dropped-nearly-40-points/736/comment-page-1/#comment-46721 Brandon Fri, 31 Oct 2008 15:37:20 +0000 http://www.getrichslick.com/2008/10/31/my-fico-dropped-nearly-40-points/#comment-46721 I agree. FICO should be an open algorithm. Of course, then they would not be able to make money because anyone could calculate their own score without paying $X.95 for a score. Are FICO and Moody regulated though? I agree. FICO should be an open algorithm. Of course, then they would not be able to make money because anyone could calculate their own score without paying $X.95 for a score.

Are FICO and Moody regulated though?

]]>