IM, FICO scores were explained in a deposition a few years ago. It has more to do with the credit limits you have with how much of that limit is used. So in a backward way, the more credit you have with less debt creates your score. DTI and history play into it, but it really ties into it more than anything.
And yes, some individuals are treated differently as was always expected. Celebrities and politicians and their ilk are reported on differently.
I wouldn't be surprised if the FICO score system hasn't been tweaked since then.
Edit: the deposition was from the lawsuit Fair Isaac filed against the credit reporting bureaus about five or six years ago. Look the lawsuit up and you'll probably find the transcript. Also the above was AP's "summarizer" version.
Edit Edit: I believe the FCRA was amended in 2009 or so to provide a free copy of the score if a score was used alone or in conjunction with a report in the denial of credit. A copy of the report has long been available for free when it was used to deny.
|