What is THE average credit score?
Last month, in what seemed like a big scoop over its rival news agencies, the Associated Press reported that, now, 25.5% of Americans have FICO scores below 600. But, the score model in that report is a new score, FICO 8 (BEACON 09), which is not sanctioned by the two big housing finance agencies, nor even the [...]
Enough to be Dangerous: U.S. Bank and PrivacyGuard
To: Steve Dale, senior vice president, Media Relations, U.S. Bank From: Greg Fisher Date: April 29, 2010 Subject: Fake-O FICO Funk, U.S. Bank You state, “Get your credit report and FICO score online now, plus have your report monitored for signs of identity theft.” However, the credit score that I received by using your link [...]
Legislation uses FICO, not Fake-O, score as benchmark
H. R. 600, the FHA Seller-Financed Downpayment Reform Act of 2009, introduced by “Mr. AL GREEN of Texas (for himself, Ms. WATERS, and Mr. GARY G. MILLER of California)” uses the term “FICO score” 5 times. It is a bill “To revise the requirements for seller-financed downpayments for mortgages for single-family housing insured by the Secretary of [...]