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
