FAIR ISAAC CORPORATION aka FICO: Now Worthless…

Yep, just another way for bankers to rate our credit worthiness. As we are beginning to see after all this garbage happening with banks these days, why even bother to save your credit? Save your cash and buy in cash. The higher the credit score the more we are worth to them. It makes no sense what so ever now. We are living our lives based on stupid silly numbers. If you want to purchase a home…go at it and be creative, ask for owner financing.

If we eliminate the banks “middle men” we will learn to live free with no strings attached. Don’t get all strung out because your score has gone way down. It’s only a number!

Keep in mind if you are in an illegal foreclosure you are only 3 months late…The non-creditors that are reporting you have nothing to do with your debt. If you care about this “FICO” score then write your bureau and demand that they delete any derogatory findings the non-creditor has filed to them!

Lets take a look at FICO:

Company milestones

  • 1958: Fair Isaac starts building credit scoring systems.
  • 1970: First credit card scoring system delivered.
  • 1975: First behavior scoring system to predict credit risk related to existing customers.
  • 1981: Introduction of Fair Isaac credit bureau try to scores.
  • 1986: IPO, stock listed at NASDAQ.
  • 1991: Introduction of TRIAD, a credit card management system.
  • 1996: Stock moves from NASDAQ to NYSE.
  • 1997: The American Bankers Association honors Bill Fair and Earl Isaac with Distinguished Service Award for their pioneering work in credit scoring. AHA… you see I knew they were involved some how! Right about the time they were planning our future.
  • 2002: Merger with HNC Software, Inc., adding fraud detection to their arsenal with the $100 million Falcon product line and strengthening their analytics offerings in the insurance and telecommunications markets.
  • 2003: Fair, Isaac and Company is renamed Fair Isaac Corporation. Here too …they were on to something.
  • 2004: Acquisition of London Bridge Software, expanding services to credit collections and recovery software. Opens a new analytic consulting and product development center in Bangalore, India targeted primarily at Asia Pacific markets.
  • 2005: Acquisition of RulesPower, bringing Rete III algorithm to Blaze Advisor.
  • 2006: Celebrates 50th anniversary.
  • 2008: Fair Isaac released Debt Manager 7
  • 2009: Company name changed from Fair Isaac, to FICO (FICO means Fair Isaac Corporation). Website changed to fico.com
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