David Howe, founder of SubscriberWise and the world’s most successful
credit scoring consumer in global business and financial history,
discusses income and wealth and their connection to FICO scores
including Howe’s perfect 850 FICO’s at Equifax, Experian, TransUnion,
NEW YORK–(BUSINESS WIRE)–SubscriberWise®, the nation’s largest issuing consumer reporting agency
for the communications industry and the leading protector of children
victimized by identity theft nationwide, announced today that its
founder and majority shareholder has acknowledged that his personal
credit scores best the world’s wealthiest women and men – past and
“It’s very often a source of misinformation, but it’s a fact that income
and wealth are never included in the calculation of a FICO score,”
confirmed David Howe, founder and president of SubscriberWise and the
world’s highest performing FICO and Vantage scoring consumer since the
invention of general purpose credit scoring more than a quarter-century
ago. “Although it may seem logical at first impression that income and
wealth would be factored in credit scoring, it’s actually a profound
benefit to individuals that each is excluded entirely. While it’s
undeniable that financial underwriting regularly includes savings,
income, and net-worth as part of approval processes, FICO scores do not.
“Basically, FICO scores have one primary purpose,” explained Howe. “FICO
scores are designed to determine scientifically the likelihood that the
subject of the credit inquiry will reach a delinquency rate of 90 days
or worse on any credit obligation during a two year period. It’s really
that simple and there’s no conspiracy behind the technology.
“Here’s the noteworthy point,” continued Howe. “Whether you’re the CEO
of a Fortune 100 company earning $50 million annually or whether you’re
a hard working part-time employee in the service industry earning a
poverty level wage, your FICO score can only consider behavior related
to your credit performance (i.e. payment history, utilization, length of
file, recent inquiries, and types of credit) as recorded in your credit
file. FICO scores never consider income or wealth and that’s a great
equalizer,” stressed Howe.
“It should also be noted that I’m hardly alone in terms of the
probability of having a superior FICO ranking compared to Trump and the
other billionaires,” acknowledged Howe. “One published report indicated
that Mr. Buffett had a FICO score below 740. And although I don’t know
what Mr. Trump’s or Mr. Gates’ individual FICO scores are, based on the
published report for Mr. Buffett as well as FICO statistical
distribution of exceptionally high scoring achievers, it’s a reasonable
conclusion that many millions of consumers would also outperform the
world’s wealthiest in a side-by-side FICO comparison.
“Beyond wealth and income, what other factors are not included in FICO
- National Origin
- Zip Code
- Martial Status
- Sources of Income
And anything else that’s not proven predictive of future payment
behavior,” concluded Howe.
About SubscriberWise and David E. Howe
SubscriberWise® launched as the first U.S. issuing consumer reporting
agency exclusively for the cable industry in 2006. In 2009,
SubscriberWise and TransUnion announced a joint marketing agreement for
the benefit of America’s independent cable operators. Today
SubscriberWise is a risk management preferred-solutions provider for the National
Cable Television Cooperative.
SubscriberWise contributions to the communications industry are
quantified in the billions of dollars annually.
Howe is also the highest FICO achiever in worldwide banking and
financial history. Howe is the only known individual – living or
deceased – to have obtained and documented simultaneous perfect FICO 850
Scores across every national credit bureau. In 2014, Howe achieved
simultaneous perfect Vantage Scores at Equifax, Experian, and TransUnion.
Over the past decade and counting, Howe has been consulted by the
highest levels of executive management from the leading communications
operators in the country including Sprint, Time Warner, Mediacom,
Metrocast, Atlantic Broadband, Armstrong, Antietam, Comporium, Grande,
Cincinnati Bell, BendBroadband, NPG, NewWave, GTA Teleguam, Cable ONE,
Shentel, TDS, and many others. Howe’s unbridled passion and demonstrated
expertise with credit and risk management can be found everywhere in the
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.
SubscriberWise is a U.S.A. federally registered trademark of the
SubscriberWise Limited Liability Co.
David Howe, 330-880-4848 x137