The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Ever heard of the 30% rule? FICO Date:  8/22/2019  12:35 PM
Author:  vkg Number:  312604 of 312706

Naive users accept FICO at face value. They do not realize FICO is not there for the borrower, but rather for the lender. And lenders use FICO to harm the borrowers. FICO is legal, but it's also a SCAM on borrowers.

FICO is a SCAM (on borrowers) even though it's "legal".

Credit scores separate responsible users of credit from the irresponsible. It is useful for those who are responsible with their finances.
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us