"Mike T." wrote in message
reenews.net...

"SpammersDie" wrote in message
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wrote in message
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On Mon, 10 Apr 2006 22:19:23 GMT, George Grapman
wrote:

report. If that fails then contact the credit bureau. By law they must
include you explanation in the report.

For practical purposes, that isn't true. The FICO credit score is all
that really matters. And your explanation won't have any impact at
all on your FICO credit score.

Credit bureaus and FICO are like a court.

Not even close. Judgements made by a court are legally binding.
Judgements made by FICO are just a number thrown out by a private party
and are more akin to product ratings issued by Consumer Reports or other
consumer publications.

Nothing forces a lender to pay any attention to FICO's "judgements" any
more than anyone forces you to pay attention to a Consumer Reports
rating.

Uhhhh . . . his point (and it's a valid one) is that the FICO score is ALL
that matters.

Valid or not, it doesn't change the fact that comparing FICO to a court is
completely wrong.They're simply an influential and widely-used investment
analyst service. Think of it as the equivalent of Morningstar for bonds
issued by individual consumers rather than cities or corporations.