Fair Isaac’s ‘Leaves’: Predictive Characteristics from the Personal Credit Report of The World’s Highest Performing FICO Achiever and the founder of SubscriberWise
Following
"Understanding the intricacies of a technology that today drives a myriad of decisions – well beyond the world of banking and finance – has many lasting and positive implications," emphasized
"From SubscriberWise's perspective, these are indeed lasting and positive implications, argued Howe. "For consumers individually, it's well accepted that understanding credit and FICO scores in particular has profound financial and life impacts - including both challenges and opportunities that flow from the industry-coined term 'financial responsibility'."
"According to the
"In my own highly unique case, each of my personal credit files (at
• Payment history: 0 missed payments
• Collection accounts: 0
• Public records: 0
• Ratio of revolving balances to credit limits: 1 percent (according to FICO, a ratio of < 6 percent is indicated as the average for FICO high achievers)
• Age of credit file: 27 years
• Average age of accounts: 11 years
• Number of accounts carrying a balance: 2 (1 revolving bankcard and 1 conventional mortgage)
• Revolving and open-ended balances:
• Mortgage balance:
• Installment balance:
• Oldest revolving account opened: 11/1986
• Most recent revolving account opened: 09/2005
• Credit Mix o 2 real estate accounts
o 8 revolving accounts
o 8 installment accounts
o 7 open accounts
o 11 closed accounts
o 18 total accounts
• Inquiries: 0
•
"Among other proprietary scorecard factors, it should be noted that to occupy a FICO scorecard with the maximum 850 points a file must contain a mix of one revolving account with a low balance relative to the total available credit and one installment account, in addition to no adverse information or delinquency," Howe concluded. "At least that's been proved true for my specific credit profile and on numerous occasions: I've maintained perfect 850 FICO scores - with monthly fluctuations - for an entire year; the 850 FICO score is not as elusive as one might think."
Credit Sesame's
Related: Howe Achieves Perfect 850 at
About SubscriberWise
SubscriberWise® launched as the first U.S. issuing consumer reporting agency exclusively for the cable industry in 2006. In 2009, SubscriberWise and
SubscriberWise contributions to the communications industry are today quantified in the tens of millions of dollars annually.
Howe is the only known individual – living or deceased – to have obtained simultaneous perfect FICO 850 scores across every national credit bureau. Howe has also obtained simultaneous perfect Vantage scores at
Howe has obtained FICO Professional Certification and is also the first and only citizen of the world to describe and report the details of the perfect FICO and Vantage scores to U.S. reporters.
Howe produced and published two videos on the subject of perfect credit: FICO 850 Credit Report Facts and FICO Scores: The Facts. The first general-purpose FICO scores were debuted a quarter century ago.
SubscriberWise is a
Read the full story at http://www.prweb.com/releases/Howe/FICO850/prweb12632549.htm
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News