By William Kirkendale
Coto de Caza, CA
- You will be also interested to know that they are also 100%
illegitimate, defective, unauthorized and unlawful...Here's the truth
about your FICO Score....It's totally un-American, it's unconstitutional,
it's illegal AND it's the biggest scam and fraud ever perpetrated on the
American public..... Man is not
judged bytheir FICO scores!!!!....Man is judged by his integrity, his honesty
and his truthfulness. So here's my
question. I'd like to know on
behalf of 300 million American citizens Who it was that gave these FICO credit scoring people the absolute right and blank check authority
to be the final arbiter, judge and jury and exclusive decision maker as
to what constitutes the absolute and defining reasons and parameters of why a
person is judged to be a good or bad credit risk? ...
Who may I ask appointed them God? ....And who gave
them the unfettered absolute right to use their ownself serving and plagiarized secretive Algorithm computer formula
and their un-objective, unproven and highly questionable score mode
system to arrive at a
"score" for them to then sell for handsome gains and profits as their final and unequivocal determination
as to whether a person is a
good or bad credit risk or not….. Is it because they are the only ones armed
with these stolen and
highly secret and very questionableComputerized algorithm
"predictive analysis" system models and techniques that they and they
alone are in possession of and who
to everyone's detriment are the only people on earth who understands and knows what their credit score means
and how it was arrived at? And who set them up as a God like figure to be
worshiped and adored as a golden idol because they falsly claim that they
can predict the future proclivity and predisposition of every single American
citizen to be a good or bad credit risk in the future....and for this phony
promise they charge people hundreds of million dollars in fees. I told you how
big a scam this was...
Now You
can guess what the future may
bring but you certainly
can’t predict with 100%
absolute accuracy and certainty what it will be. If
that's the case then where
do these phony and arrogant FICO
profiteers and tea leaf "prognosticators" get off making hard and
fast judgments about a human
beings future behavior.....and then adding a questionable score to define whether that persons behavior will be
good or bad? Where do they get off with this and why isn’t it illegal? It certainly is libelous and
defamatory.
In the old days before the mortgage lending business
totally collapsed in 2008 a person’s credit evaluation
was based not on a questionable credit score but rather on a carefully and
totally verified examination of a
persons income and assets plus an accurate credit history of their legitimate debts....and by legitimate debts it
meant only those debts that were incurred from legitimate sources and not from questionable and disputed debt
from illegitimate sources such as third party medical collection agencies or scam bank secured credit card debt.
It also didn't matter if you had paid off all your debts. It only mattered
that overthe years you paid
all your legitimate dept obligations as agreed. So you see back then in
the old days when lenders used good old fashioned common sense loan underwriting
we had no mortgage createdfinancial collapses in the country.Lenders
performed common sense due diligence examination of a person’s creditworthiness
and things went along quite
nicely.
Today, however, that's not the case. Why? Because of
massive greed and profit. Today your creditworthiness
is judged only by a cleverly devised and systematically carried out world-wide scam called a "FICO score". You know those
so-called voodoo tea leaf numerical judgments of your character and integrity
that are hawked on TV and radio everyday....This is why America just suffered
it’s worst financial collapse since thegreat depression...And
how was it that they we're able to carry out their scam? It
was easy because thecat we had keeping the mice in line in the credit
score/reporting business was a 40 yea old blind
and demented cat with no teeth known as the Fair Credit Reporting Act of 1972. This law gave total control and
license to the FICO credit scoring company to do whatever they wanted to make a buck off the
backs of the American people....no matter how obscene and illegal it was...And you should know that this won't
stop until this ridiculous antiquated law is replaced with a new
common sense law that
will protect the consumer rather than protecting the FICO credit scoring company's
obscene money making profit machine. (ie: The FICO Score)...As law abiding patriotic American citizens we should
demand that this illegal unconstitutional practice cease
immediately. Otherwise we will be
forever know as merely a number between 300 and 900...
Get William Kirkendale's Book:
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| www.ficofraud.com |
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