Re: FICO score vs fiscal responsibility.

"Daniel T." <daniel_t@[EMAIL PROTECTED]
> wrote
> BreadWithSpam@[EMAIL PROTECTED]
 wrote:
snip; please look back
>> Are you certain that their credit scores will be
>> substantially different?

>From many sources --

> "Please note that is is imperative to properly distribute 
> outstanding
> balances over several credit lines or credit cards."

But when people apply this, they have to weigh it against 
the myfico.com guidance that opening new credit accounts may 
in some instances lower one's score. More emphasis should be 
placed on the reality that a certain range of numerical 
values in credit score is judged the same in the mortgage 
industry. Credit scoring is advertised to be a fuzzy 
science, and it's treated as such. That's life, so no big 
deal, at least AFAIC. Plus do not forget that the automated 
nature of credit scoring will tend to reduce discrimination 
on the basis of race, gender, etc. Lastly, the other two 
parameters (capacity and collateral) for judging one's 
suitability for a mortgage need to be given attention equal 
to that of credit score. 

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