Comments on: Your Secret Credit Scores

By: Minimum Wage

Minimum Wage — Sat, 10 Nov 2007 18:21:52 +0000

Point of information:

I just googled “bankruptcy score” and found a bankrate.com article which says you want a LOW bankruptcy score, not a high one. So I think lower is better in this case.

By: Minimum Wage

Minimum Wage — Sat, 10 Nov 2007 18:10:53 +0000

I have a very low income and a very hungry creditor leaning heavily on me. I’m sure I have a very low bankruptcy score. Can I use this to my advantage in getting the creditor to calm down some?

By: In the Know

In the Know — Sat, 10 Nov 2007 05:12:17 +0000

I work for a financial institution, and this post sums it up pretty well. It’s not just credit card companies, check out the book “Super Crunchers”.

By: FinanceIsPersonal.com

FinanceIsPersonal.com — Thu, 08 Nov 2007 13:49:48 +0000

You know, I still haven’t gotten around to purchasing any of my FICO scores yet… I know I have good credit since there’s nothing bad on my report, but it’s $45 to buy all three of them from MyFico…no thanks!

By: The Saving Freak

The Saving Freak — Wed, 07 Nov 2007 13:52:17 +0000

Makes you wonder what other information they keep on you to evaluate your worth. When I worked for one of the major cell phone carriers they had a system for determining customer worth and it determined how good of a plan you could offer them to renew their contract.

By: The Money Post

The Money Post — Wed, 07 Nov 2007 09:08:51 +0000

I figured financial institutions evaluate you on things like bankruptcy, behavior, collection, but, response and attrition scores? I never knew they helped determine credit card offers. Very interesting article.

By: MoneyNing

MoneyNing — Tue, 06 Nov 2007 17:45:33 +0000

Revenue score -

Maybe that’s why I never get credit card offers from the banks that I have credit cards with since I always pay my balance and never do cash advances so there is no revenue for them!

By: Credit Card Depot

Credit Card Depot — Tue, 06 Nov 2007 16:23:49 +0000

Nickel,

This writer covers some good issues. Another relevant article she has is here.

In this article, she talks about how credit card companies will give consumers different interest rates based on their credit review. The problem for many consumers is that they assume having a high credit score automatically guarantees them the best rates offered. Clearly, there’s a lot more going on.