Noah_Bodie commented on Consumers Reported 69,204 Fair Debt Collection Practices Act Violations. FTC Responds With One (1) Lawsuit

"I may have gone too easy on the collections industry. [www.ftc.gov] "Last year, the Commission received 348,157 complaints directly from consumers about all industries, nearly identical to the 348,567 complaints received in 2005."

Noah_Bodie commented on Consumers Reported 69,204 Fair Debt Collection Practices Act Violations. FTC Responds With One (1) Lawsuit

"FTC gets more than 674K complaints a year, and has a staff of only about 1,200 [www.ftc.gov][en.wikipedia.org] There's only so much they can do, about any subject."

Noah_Bodie commented on It's Still Possible To Game Your FICO Score By 100 Points Or More

"If one had $1,400 to spend on credit repair, bank that $1,400 and start reading on www.creditinfocenter.com"

Noah_Bodie commented on It's Still Possible To Game Your FICO Score By 100 Points Or More

"FICO 08 changes still have not been implemented."

Noah_Bodie commented on Where To Get Your Real Credit Score

"It is true there's more than just one FICO score, but you cannot buy FICO industry scores, NextGen scores or Attrition scores."

Noah_Bodie commented on Employers Can Reject New Hires Based On Low Credit Scores Credit History

"87 percent of those who file BK cite one or more of the Big Three: job loss, divorce, medical bills Of the remaining 13 percent, at least some cite natural disaster, crime victimization and bad investments. It stands to reason that comparable numbers apply for those who are suffering bad credit without filing BK."

Noah_Bodie commented on FICO Expanding Number Of Bad Credit Categories, Overall Score Fluctuations Expected

"FICO effectively has a monopoly on scoring, so the consumer (lenders) pay a premium relative to what they perhaps should pay."

Noah_Bodie commented on FICO Expanding Number Of Bad Credit Categories, Overall Score Fluctuations Expected

"Baltimore Sun link got chopped."

Noah_Bodie commented on FICO Expanding Number Of Bad Credit Categories, Overall Score Fluctuations Expected

"Experian is rumored to be the early adopter.[www.baltimoresun.com],0,2786199.column?coll=bal_business_investing_util FICO serves the consumer, and in this case that's lenders."

Noah_Bodie commented on Why You Can't Cancel Your Account, An Insider's Perspective

"If you're calling an 800 number to cancel, remember it's their dime not yours."