Incomplete myFICO reports
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
Monday, April 14, 2008
Fair Isaac DELETED my posting about its incomplete credit reports at the myFICO forum
“The message you are trying to access has been deleted. Please update your bookmarks. ”
Let’s update our bookmark, here is the posting BEFORE it was deleted:
4-13-08_Palisades_collection_refused-incomplete-reports.pdf
The depressing part is that I don’t have the money to sue them into oblivion.
2003 Suit (appealed, Experian filed credit reports on PACER) • Fair Isaac - credit scoring fraudware • Incomplete myFICO reports • (0) Comments • Permalink
Sunday, April 13, 2008
My posting at the Fair Isaac HORRIBLE credit advice forum
I was searching for Palisades and ran across this thread at the myFICO forum:
The myFICO Equifax excerpts in my posting are from a report dated 4/11/08.
Fair Isaac charges $16 for a credit report that FAILS to comply with the FCRA because it is so incomplete, it doesn’t even have the creditors’/collectors’ addresses.
“No contact information provided by Equifax”
That’s another Fair Isaac BLATANT LIE.
In fact, my clients often have to purchase a report from Equifax directly because Fair Isaac’s $16 reports don’t even contain the NAME of the collector.
“Collection on debt to: Not Reported
The collection agency "465yc00000" was hired to collect a debt of $67 originally owed to "Not Reported" on account number "XXX8731”Isn’t it too cool how American corporations conspire to defraud consumers?
Equifax is by LAW required to furnish only COMPLETE reports.
Equifax KNOWS that Fair Isaac’s reports are incomplete, but it doesn’t care because it PROFITS from these illegal credit report sales when consumers have to buy a SECOND report from Equifax directly to find out which collector is reporting the collection.
What a great ploy to redistribute assets from the working people to the multi-national corporations.
The miracle of capitalism.
And of course it’s not just about consumers having to buy 2 reports, but chances of consumers NOT disputing improve as disputes become more difficult and expensive. And THAT leads to higher interest rates, insurance premiums, etc.
The big corporations are the winners.
And the ADVICE given at the myFICO forum is so horrible. The MORONIC letters, much like what Chase and Cap One included in their lawsuits against Hess Kennedy. People who send these letters are bound to be pegged as frivolous disputers.
I have no idea why people are not smart enough to know that Fair Isaac does NOT have the best interest of the consumers in mind. 21st century people so dumb, it’s beyond belief.
I can’t understand why so many people have such a low IQ.
Alex Jones keeps talking about how the average IQ has been systematically lowered. I suppose it’s true. I certainly have NO explanation for this bizarre behaviour, taking advice from the enemy.
UPDATE: The Fair Isaac moderator response:
This thread is locked and under mod review.
2003 Suit (appealed, Experian filed credit reports on PACER) • Fair Isaac - credit scoring fraudware • Incomplete myFICO reports • (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
