Tag: myth

Canada – Pointage de crédit junk journalism from ValueClick

In an item on the Globe and Mail website, an Investopedia article contends, “Credit scores range from 300 to 850.”  However, in Canada the “pointages FICO vont de 300 à 900.”

In the U.S., the FICO credit score scale is 300 to 850.

Investopedia (who is actually based in Canada), a division of ValueClick, provides junk journalism articles to Hearst and Forbes, too.  Martin T. Hart is the chairman of ValueClick according to Forbes.  Whether you choose to believe Forbes about that is entirely up to you.

Employers use credit scores meme in blogosphere

A blogger with a dark fantasy, one of Fortune’s top 25 most influential liberals in U.S. media, and scores of duped blogosphere commenters come together to further the employers-use-credit-scores meme.

Creditscoring.com ventures into the social media audience.  How will it end?

Equifax: We’re the only one

From: Greg Fisher
Sent: Monday, February 22, 2010 12:16 AM
To: Tim Klein, vice president, public relations, Equifax
Subject: credit score, FICO, Equifax, exclusivity

Richard F. Smith, chairman and chief executive officer
Equifax, Inc.

You write, “The FICO Score is the most commonly used scoring model among lenders, and Equifax is the only major credit reporting agency that can provide you with your FICO Score.”

Is Equifax really the only one, or are you saying that TransUnion is not a major consumer reporting agency?

Also, please address the question from October 14 regarding the Dallas Morning News.

Greg Fisher
The Credit Scoring Site
PO Box 342
Dayton, Ohio   45409-0342
937-681-3224

Wikipedia Credit Karma/FICO baloney

The 4-year mess continues.  But, how long will it take the collective brain of the world to figure out this one?

Genius 99.23.41.118 contributes:  “Credit Karma will provide the FICO score from TransUnion for free, but will not provide the actual credit report.”

But, as any idiot can see, at the “wiki” about Credit Karma:

Credit Karma provides users with a proprietary credit score model. The scoring is on a scale of 300 to 850 which is the same scale as FICO Score from Fair Issac Corporation.

And, what a coincidence!  The Credit Karma score scale is exactly the same as the FICO!  No wonder the wiki is whack. 

The editors were duped again by just another Fake-O flim flam.

Credit score myth on Wikipedia dies after 654 days

New encyclopedia game contestant Kat Malone removed Wikipedia’s 678 credit score myth on May 22, 2009, after it stood for one year and 9 months.

The user challenged the 678 myth in the Wikipedia article “Credit score (United States)” with the deadly wiki “citation needed” flag.

Other important and controversial changes in the wiki include capitalizing the word corporation, and that the FICO score scale is between “300 and 800 (per Barack Obama),” “300 and 850,” and “300 and 800 (change it back, I dare you).”

The wiki is a top-ten result for the term credit score at search engines Google, Yahoo! and MSN.

Website creditscoring.com covers the wiki folly and wiki myth at “Influence: Media, Wikipedia” and “Fake-O FICO Funk.”  The credit score website’s author even traveled to San Francisco to alert Wikipedia in person, but was unsuccessful because Wikipedia’s headquarters address is secret.