Comments on: Credit Scores for the Ages http://raincityguide.com/2008/11/08/credit-scores-and-age/ Seattle's Leading Resource for Real Estate Information Sun, 08 Nov 2009 01:47:42 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Rhonda Porter http://raincityguide.com/2008/11/08/credit-scores-and-age/#comment-328394 Rhonda Porter Tue, 11 Nov 2008 07:09:50 +0000 http://raincityguide.com/?p=3296#comment-328394 Brian, I agree. And I happen to near the middle of that group--funny how that works out, isn't it? Brian, I agree. And I happen to near the middle of that group–funny how that works out, isn’t it?

]]> By: Brian Brady http://raincityguide.com/2008/11/08/credit-scores-and-age/#comment-328390 Brian Brady Tue, 11 Nov 2008 05:25:03 +0000 http://raincityguide.com/?p=3296#comment-328390 This data tells me that you should be targeting a 30-50 age group in your marketing (over 60%) This data tells me that you should be targeting a 30-50 age group in your marketing (over 60%)

]]> By: Rhonda Porter http://raincityguide.com/2008/11/08/credit-scores-and-age/#comment-328322 Rhonda Porter Mon, 10 Nov 2008 16:32:28 +0000 http://raincityguide.com/?p=3296#comment-328322 Russ, I agree: "it is a shame that a relatively volatile number can be used to charge significantly higher premiums on mortgage loans and other debts." Especially since we all know that credit scores are easily manipulated. Russ, I agree: “it is a shame that a relatively volatile number can be used to charge significantly higher premiums on mortgage loans and other debts.”

Especially since we all know that credit scores are easily manipulated.

]]> By: Russ http://raincityguide.com/2008/11/08/credit-scores-and-age/#comment-328321 Russ Mon, 10 Nov 2008 16:27:39 +0000 http://raincityguide.com/?p=3296#comment-328321 Rhonda; I would say my client's credit score averages track similar to yours. One of the things that has always bothered me though as an LO is banks over reliance on FICO scores. I think they are misleading and do not provide proper context for for risk. It is this over reliance on this one dimensional number why banks are in trouble now. I think it is a shame that a relatively volatile number can be used to charge significantly higher premiums on mortgage loans and other debts. Rhonda;

I would say my client’s credit score averages track similar to yours. One of the things that has always bothered me though as an LO is banks over reliance on FICO scores. I think they are misleading and do not provide proper context for for risk. It is this over reliance on this one dimensional number why banks are in trouble now. I think it is a shame that a relatively volatile number can be used to charge significantly higher premiums on mortgage loans and other debts.

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