Is there anyway to understand the FICO scoring system?

That is the hundred dollar question!  The FICO score created by the Fair Isaac Company is one of the most shall I say “guarded” secrets at the credit bureau’s.  So much so that even senior executives under oath, have sworn they do not fully understand the exact reason for score movements under certain circumstances.

I mean why does one persons credit score who is at 750 drop 15 points with one 30 day late on a charge card and other person’s whose score is at 650 drop 50 points with that same 30 day late?  No other derogatory is reported yet Mr 650 had three times the point deterioration than Ms 750!

Fair?  Well, the truth is that there are so many factors that have been put into this system that the average persons head will spin (even the not so average) like a top trying to figure it out!

The algorithms that FICO’s crazy mathemeticians have created are not for the faint of heart!

FICO has a bit of a game that you can play to estimate your score.  It’s just a handful of questions that take a look at where your credit scenario currently is at.  If you want to get serious about credit repair and improving your scores then take a quick moment to check it out and PLAY HERE (click this) !

The thing you want to notice and study are the questions and the numbers of answers.  Every question has 3 to 10 possible answers thus giving you literally thousands of possible scenarios and THIS IS JUST THE TOY MODEL!!

I tried this on a couple of sample bureaus…dead on every time! Try it and you’ll get a feel for what kinds of things “stimulate” your FICO score!  To find out more about how credit scores are broken down…CHECK THIS OUT (click this)!

After you’ve had a chance to play around with the “Toy” post a comment and let me know how it worked out for you!

Be Bold!