I never thought a credit score could reach this low

[SheWantTheD]

4?! FOUR?!

 

[CouldntBeMeTho]

Google says the lpwest you can have is 300

 

[Dr. Acula]

Credit scores are just an indicator. No financial institution/lender base their decisions on your credit score.

This nikka has a score of four

 

[itsyoung!!]

Credit scores are just an indicator. No financial institution/lender base their decisions on your credit score.

well I was a banker for Chase Bank and I can tell you thats complete bull shyt. Why you coming on here lying?

 

[Red]

I can almost guarantee your utilization is high as shyt on your credit cards... that's whats dropping your score.

Payment History is only 35% of your score. Fico is factoring in other things too.

Credit Mix
Average Age of Credit
Utilization
Hard Inquiries

those are the things that impact your 3 digit score. In addition to that, FICO has hundreds of other 'reason codes' they could use to deny you funding.

the 3 digit FICO isnt everything, but its accurate in determining risk to a bank.

With that being said, salute to you on the recent score bump

Exactly. You get it. It's the content of your report that's important. The score is just an indicator how good or bad that content might be, without context. FICO might be the most widely used reporting scale in the US but it's not the only one, and not the only one in the world.

Your credit score can't go up 58 fukking points in one day

Now not only were you below the lowest possible score at 200, but your buddy has a 165

I don't know what's in this lie for you, but you're dedicated to the bit

More examples of you lacking comprehension. Yesterday was the latest reporting update.

well I was a banker for Chase Bank and I can tell you thats complete bull shyt. Why you coming on here lying?

Next I'll be hearing actuaries just roll a dice.

I'm out, peace!

 

[drederick tatum]

Exactly. You get it. It's the content of your report that's important. The score is just an indicator how good or bad that content might be, without context. FICO might be the most widely used reporting scale in the US but it's not the only one, and not the only one in the world.



More examples of you lacking comprehension. Yesterday was the latest reporting update.




Next I'll be hearing actuaries just roll a dice.

I'm out, peace!

It went up another 58 points yesterday

I should have comprehended this other than what you explicitly said?

You still can't tell me how you and someone you hang out with both happen to have credit scores below the lowest possible of 300.

 

[Red]

I should have comprehended this other than what you explicitly said?

You still can't tell me how you and someone you hang out with both happen to have credit scores below the lowest possible of 300.

300 is only the lowest when the data contained within reports sourced from agencies, is parsed and scored against the FICO model. Other models will assign a number based on the weighting biases of that model.

 

[drederick tatum]

300 is only the lowest when the data contained within reports sourced from agencies, is parsed and scored against the FICO model. Other models will assign a number based on the weighting biases of that model.

What models? Name them. Because I've looked up the 3 main, fico,as well as cibil, and they all say 300.

 

[Red]

What models? Name them. Because I've looked up the 3 main, fico,as well as cibil, and they all say 300.

It depends on where you are in the world, who's providing the score, etc etc. FICO is most common in the US, VantageScore goes from 300 too but they'll score your differently and utilise data from transunion, equifax, experian.. But if you go to Experian directly they'll run your score from 1 for example.

But I'm done with this conversation. Jay-z quote.. Argue.. Distance.. Can't tell who is who..

Peace

 

[drederick tatum]

It depends on where you are in the world, who's providing the score, etc etc. FICO is most common in the US, VantageScore goes from 300 too but they'll score your differently and utilise data from transunion, equifax, experian.. But if you go to Experian directly they'll run your score from 1 for example.

But I'm done with this conversation. Jay-z quote.. Argue.. Distance.. Can't tell who is who..

Peace

So vague talk, provide no sources or actual examples other than "trust me, bro, " then do a super cool rap reference and *mic drop* while declaring you're exiting conversation because you know you're full of shyt. fukk outta here

 

[Bubba T]

300 is only the lowest when the data contained within reports sourced from agencies, is parsed and scored against the FICO model. Other models will assign a number based on the weighting biases of that model.

A lot of your posts in this thread have some merit, however other credit scoring models outside of the ones lenders use within the United States is irrelevant to many people in here. Many if not most lenders use credit scores to set pricing of whatever product they are selling and the contents of the credit report on whether or not to approve said product. People are looking at scoring models that most closely resemble the models lenders in the United States use for their own personal benefit, so talking about other models that aren't widely used or not even used in the US doesn't really do anything for most people in here.

 

[Mr. Manhattan]

"credits scores are meaningless" aka i still live with my momma, and drive a shopping cart