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10 Comments

  • GoingLikeSixty One year ago

    Hi,
    I don’t like the new player - full screen toggle didn’t work for me.
    PC/IE

    • Bill aka NO DooDahs! One year ago

      I’m also not a fan of FIC, but unfortunately I work for, and have worked for, customers of theirs.

      My biggest complaints about their product are the “black box” nature, which really hamstrung the insurance industry’s efforts to use credit report information in assessing risk, and their marketing hype, which detracts from the accuracy of its use. These two complaints interrelate.

      It was and still is difficult to sell people on the use of credit report information in assessing risk, and making it a black box only compounded that difficulty, not only with consumers but also with regulators. Thankfully (sarcasm alert) the American people have become such servile sheep that they just surrender their SSN when asked. Also, the vendors are starting to do interactive searches for credit reports before they get past name/address.

      The marketing hype leads them to cram tons of variables into their models, which are really just combinations of simple regressions. They do this for “optics” – it’s easier to sell a 39-factor model than it is to sell a 5- or 10-factor model, even if the F-Score is equivalent, or better, with fewer factors. They also sell multiple models for different segments of business in the same lines, and I question whether they really are more accurate models, or are just overly curve-fit solutions. I also doubt that they have corrected for interactions with other risk variables, since many of their “good credit” indicators are correlated with age.

      My suspicion based on the analyses I’ve done is that they would have been, and the industry would have been, far better off with simpler and open models, perhaps a half-dozen to a dozen variables, wherein their product wouldn’t be “per ping” model access, but actual expertise and execution.

      • jim One year ago

        welcome home lindsay

        • Thomas One year ago

          Funny. They don’t do that over here. I was raising the limit on my Credit Card lately, because I need to spend money. Then again, in Switzerland, a Credit Card is not a ‘real’ Credit Card, since the Credit part is basically missing. You can only have a limit for what your account is good for, or else it’s gonna be blocked… In a way, this is much worse

          • jim One year ago

            i have my go daddy card and I am flipping domains. no fico needed

            • Soren One year ago

              One sure fire way to push towards an open model for a credit score would be to “game” the algorithm (or is is a logarithm Lindsay?). Frankly I’m surprised there aren’t volumes of books or websites out there specifically targeted at reverse engineering the algorithms to uncover a way to exploit them. Or maybe there is and I just haven’t been paying attention.

              Welcome back Lindsay!

              • Fresh Bread One year ago

                Who was the first image of? The dude in the bathtub?

                • Abe One year ago

                  Welcome back, LC!

                  • Nes One year ago

                    Wallstrip is Lindsay there is no other way welcome back! and good job julie!
                    full screen toggle didn’t work for me either.

                    • Russ One year ago

                      I RSS Wallstrip to my Firefox browser and the screen toggle worked just fine…. I have a large screen and almost have Lindsay life size!

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