4/07 myFICO missing DLA
Sunday, June 01, 2008
Suing Fair Isaac
A CreditFactors subscriber has been asking about disputing the information on the myFICO reports with Fair Isaac, suing Fair Isaac and causes of action. Since often readers ask about litigation regarding Fair Isaac, I thought I’d share my posting:
Give me $100,000 and I’ll sue Fair Isaac and CRAs for all kinds of violations. About $90,000 will go to depositions of Fair Isaac and the CRAs and the rest goes to pay for legal research, filing fees etc. and I’ll pay myself $5/hr for my work on it.
If you want to argue that they produce their own reports, sure, give it a try. But don’t waste your time if you don’t have the money. There is a reason why I’m giving up ...
“"They" is in reference to myFico.”
There is no law preventing you from disputing with them. But I really can’t afford to spend 20 hours on researching the basic issue right now, there’s been quite a bit of litigation and then the changes with the FACT Act. But if anyone is willing to pay for it, I’ll do it. $5/hr + research fees and I’ll post it all for the enjoyment of all who want to read it.
If you’re really into these issues, get a PACER account and subscribe to fastcase.com (24 hours free) and be prepared to spend a few thousand hours reading. Try it and you’ll see what you get out of it.
So that’s my recommendation to all of you who think that there’s a problem with credit reporting and scoring. Plan on spending many thousands of hours on research and filings and at minimum $100,000 on litigation.
As you can see by the whopping $300 in donations I received in May, it won’t be me doing the litigating.
2003 Suit (appealed, Experian filed credit reports on PACER) • Fair Isaac - credit scoring fraudware • 4/07 myFICO missing DLA • Bizarre FICO scores • FICO 08 -- Authorized Users • 2/07 screwed up myFICO reports • FICO scores rate FICTITIOUS late payments • FICO scores rate UNDATED late payments • Incomplete myFICO reports • (0) Comments • Permalink
Saturday, June 09, 2007
myFICO reports back to new format - STILL with wrong field labels
UNBELIEVABLE!
How dare they to maliciously continue to sell completely false data!!!
How can they be so sure that all the class action lawyer are too stupid to pick up on this? I guess it’s because they own the “consumer” lawyers, as you can conclude after reviewing scam class action settlements like Hillis & Slack.
I am so damn tired of having to explain to my clients that the “Last Payment” is NOT the last payment, but, depending on the report, the data of last activity, status, ...
It sure is a lot of extra work to have to analyze the score factors from the various report formats. For some factors, the wording is simpler and makes more sense.
It’s nice to have the exact number of accounts rated as 60 plus days delinquent, that’s some additional info not previously available. But for the account history we went from the number of months to rounding to years, probably to prevent people from checking the calculations and discovering more BUGS.
It is very helpful to see which accounts are rated as closed/inactive, you know which cards you need to use to get them rated as open again.
And all that crap about the interest rates-- IGNORE it, it is NOT correct!
It’s hard to ignore though, it’s constantly in my way when I analyze the reports. What a freaking waste of space. Of course Fair Isaac is trying to entice consumers to buy more of their crappy products and to apply for loans. They get fat commissions for the applications submitted at their site.
2003 Suit (appealed, Experian filed credit reports on PACER) • Fair Isaac - credit scoring fraudware • 4/07 myFICO missing DLA • (0) Comments • Permalink
Saturday, May 05, 2007
Screenshots of Equifax and myFICO reporting of mortgage—Fair Isaac is so incompetent
Screenshots: MOST data on the Equifax direct report is NOT reported on myFICO reports
And you can see how they confused the “Date of Last ACTIVITY” with the “Date of Last PAYMENT.”
This is the outfit that determines the mortgage interest rates and FORCED many people into subprime mortgages who did NOT deserve low FICO scores.
How many people lost their homes because these morons at Fair Isaac can’t get their heads out of their asses?
Fair Isaac has no NO quality control whatsoever?
Why do I or my clients continually have to contact Barry Paperno and clue them in about their software bugs? Their quality control is reading here?
Why do your elected representatives allow this to happen?
Why do YOU do NOTHING?
2003 Suit (appealed, Experian filed credit reports on PACER) • Fair Isaac - credit scoring fraudware • 4/07 myFICO missing DLA • Incomplete myFICO reports • (4) Comments • Permalink
