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     | Thursday, January 11, 2001 - 12:24 pm  This was on the Equifax site today: http://www.equifax.com/about/news_releases/january01/nrefx_ficoalliance01112001.html
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| | Thursday, January 11, 2001 - 01:11 pm All right, thanks much for posting this. "The new online credit score service, available in the first quarter of 2001, will provide consumers with an individual Equifax ProfileTM, a BEACON® score and a personalized score analysis designed to help consumers understand how their scores may be interpreted by lenders and affected by their credit behavior. The FICO® score - the premier risk score developed by Fair, Isaac - is calculated on the Equifax Credit ProfileTM" That should be interesting! And hopefully this will eliminate those meaningless, waste of time and money credit scores provided by Qspace and TrueCredit.
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| | Thursday, January 11, 2001 - 02:19 pm AMEN to that, I hope this puts both of them out of business!!
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| | Thursday, January 11, 2001 - 03:40 pm Thank you California state legislature for putting the ball in motion. Now, hopefully the other 2 CRAs will follow suit. I was getting tired of harrassing my congressmen about the bills still in committee in Washington.
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| | Thursday, January 11, 2001 - 05:29 pm Thanks also go to my beloved Assemblyman Hertzberg. Way to go, Bob!
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| | Friday, January 12, 2001 - 06:11 am Yet note the vagueness as to precisely when the scores will be made available. I would not be at all surprised if, as the end of the quarter approaches, we hear that "technical difficulties" require a postponement. Fair Isaac and Equifax do not *want* to make these scores available, they're doing so only because of that California law, so we can hardly expect them to act quickly.
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| | Friday, January 12, 2001 - 09:21 am I don't think they see much of an advantage in waiting an extra couple months to release the scores. Fair Isaac realizes that they have lost their legal battle to keep the scores a secret. They have also received a lot of bad publicity in the last year and don't want to be seen as going down to the last day kicking and screaming. By releasing the scores a couple months before they are legally required, Equifax can say they are the first CRA to do it, and Fair Isaac can continue with their revisionist propaganda. A quote from their press release: "Fair, Isaac has led an overall industry shift in developing more open, informative and accessible credit scoring criteria, decisioning factors and steps that consumers can take to improve financial health and credit standing."
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| | Friday, January 12, 2001 - 10:53 am Fair Isaac can continue with their revisionist propaganda. That's putting it mildly! What really sad is that among people who've heard of credit scoring, most probably have been misled into believing that it's something good. If only they knew ...
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| | Friday, January 12, 2001 - 04:51 pm ERIK: You said, "Fair Isaac can continue with their revisionist propaganda." "Fair, Isaac has led an overall industry shift in developing more open, informative and accessible credit scoring criteria, decisioning factors and steps that consumers can take to improve financial health and credit standing." Or, God help us, they use the term (close your ears Greg Fisher) PIONEERING this overall industry shift as they like to call it. Actually, it is a shift to the better in CONSUMER understanding of the evils and pitfalls in their flawed scoring system! The SHIFT is in the knowledgeable consumer outrage over this insidious practice!
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| | Saturday, January 13, 2001 - 01:44 am hi everybody--- this is doug pratt i have been damaged to the tune of tens of thousands of dollars by (un)fair issac and this assinine computer-spit method of determining who is a worthy borrower and who is substandard. i am making a great effort to assemble as many ficovicitims as i can find in hopes of initiating a massive class action lawsuit against (un)fair isaac and what is has done both to me personally and the entire industry where i have made a pretty godd living for quite a few years, going backward now because some pack of hacks out in california believe that their software can take the place of professional bankers and seasoned mortgage underwriters, to say nothing of personal business relationships that may have been established over years, only to find that no one can underwrite loans for sale on the secondary markets in this country without the borrower having a certain minimum FICO score. (un)fair isaac is going to regret those words when the lawsuits and defaults/foreclosures/bankruptcies start piling up, and they are called to answer for it. read my postings on the other forums here-- the one of scoring, disputes, etc. is full of stories of what i have been through with this madness. any and all ficovictims are welcome to contact me directly--- this is still in an early stage, and we have to garner sufficient support from actual real life scenarios, and then determine a legal strategy to seek redress and put and end to the nightmare. scores are great for ballgames, not evaluating borrowers. let's leave (un)fair isaac to model weather patterns and squid migrations, and leave the real estate industry to people who know what they are doing. human beings are not squids or ants, and don't deserve to be treated as such. FICO CREDIT SCORING IS PURE QUACKERY AND MUST BE ABOLISHED!!!! amen and good night-- 
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| | Saturday, January 13, 2001 - 02:27 am I was at the library last night and noticed a large article headlining the pros of FICO scoring by a professor out of San Diego--I think it was Consumer Reports. I didn't have time to read in depth, but it seemed very naive. It trivialized the errors and stupidity made and if you never tried to correct errors made you think correcting them was a piece of cake. Looks to me like the article was a good piece of disinformation--expect to see more. The battle is on.
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| | Saturday, January 13, 2001 - 04:13 pm As so written by a FICO apologist and the Pioneering propaganda.
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