MyFICO and having it both ways

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MemberSince99
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MyFICO and having it both ways

Postby MemberSince99 » Sat Feb 01, 2014 9:26 am

In reading up on the subject of dealers and inquiries I found the following quote:


“It's ironic that so much attention gets focused on credit inquiries because they are such a tiny part of the FICO score,” said Craig Watts, public affairs manager for Fair Isaac.


Does anyone else see the irony in this coming from the "garden cult" founder? He's quoted there as defending dealers shotgunning inquiries and pulling people's credit for spurious reasons. But then when preaching to consumers about how important inquiries are here is what Craig has to say:


“If your credit report shows that you had six or more inquiries in the last 12 months that you triggered, you are eight times more likely to go bankrupt than somebody without any inquiries.”


I guess your answer is just like a politician - it depends on your audience. You tell the business crowd how you are in favor of removing those job-killing environmental regulations that are strangling them while telling the gun crowd and environmentalists how our future depends on how we treat our planet.


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