Your answers are guesses, and you are losing track of what you said.

Name    : 
E-Mail  : 
Subject : 

Comments:
: You just said, "I submit this quote from your site:

: creditscoring.com/letters/tu.htm

: 'Can you, at least, tell me how I can tell how many to add or subtract to avoid the Emperica score giving that as a reason the score is not higher?'

: How am I to interpret this question?  The word 'perfect' is not contained in it at all."

: The part you left out is the sentence preceding the one you quoted:

: "To attain the highest credit score (in the score Trans Union produces for conventional mortgage loan underwriting, the "Emperica"), how can I tell what is the right "number of bank revolving accounts"?

: Besides, the word "perfect" appears in your previous post at
: http://www.bayhouse.com/forums/credit/messages/486.html:

: "Here's a quote from the creditscoring.com website:

: Will you please give me the formula used to arrive at my FannieMae qualified mortgage loan risk score so I know exactly: the impact of recent inquiries, how many inquiries are excessive, the right number of revolving bank accounts to have, the age my accounts should be, the degree of impact of existing balances have on retail accounts, the degree of impact on my score for my lack of open revolving accounts, and, specifically, the way to achieve a perfect score (the one you provide to mortgage lenders for FannieMae qualified mortgage loans)?"

: You also missed, on the same page (creditscoring.com/letters/tu.htm)(which you mentioned in the last post):

: "Subject: Re: Risk Score
: Date: Fri, 05 Sep 1997 11:06:43 -0400
: From: Greg Fisher, gfisher@erinet.com
: To: "Harry Gambill, CEO, Trans Union",
: hgambill@tuc.com...

: Mr. Gambill:

: Will you give me the Emperica score associated with my credit file?

: How do I get the highest score possible?

: --
: Greg Fisher
: Cadillac Owner (1978 Eldo)(Red)"

: You said, "It seems merely to be asking how many revolving accounts a person should have to avoid getting the message that you didn't have enough revolving credit accounts."

: No, it doesn't. Merely, schmerely-- I asked the second question because they wouldn't answer the first question about getting the highest score.  The questions came in that chronological order.  You are misleading the reader.

: You said, "Ok, if you have 1000 revolving accounts you'll never get dinged for having too few.  And if you have 0, you'll never get dinged for having too many.  Happy?"

: Yes.  I'm going to let you continue with your rhetoric... maybe you'll implode.

: You said, "Me, personally, I'm aiming for 7.  People who have 7 revolving accounts are least likely to be turned down for new credit (see previously quoted research by Fair, Isaac)."

: Wrong.  People with the highest scores are least likely to be denied credit.  See the previously posted statement by me that states that Fair, Isaac's "research" is about "average use of credit by today's consumers."  We have already been down the Average vs. Perfect road.  I want the highest score; the perfect score... not  the average score.  The highest score is better than average, will get better terms, and is least likely to be turned down.

: You said, "What are Bayesian methods, you might be wondering?"

: No, I'm not.  I can't even get my score... I'm not interested in the mysterious heroes of the bean counters.

: You said, "My impression of the scoring model is that it has software with the Bayesian theorm incorporated and that as the credit bureau information changes the model changes too.  That means that scoring is a dynamic process and even if they did provide you with the "right answers" today, tomorrow they might not be the right answers anymore based on the heuristic algorithms of the program."

: That may be your impression, but I'm looking for the facts.  I would settle for today's analysis... can't even get that.

: Real flowery stuff in the last paragraph... but I still can't even get my score.


Optional Link URL:  
Link Title:         
Optional Image URL: