Wednesday, September 10, 2008

Fair Isaac's Web Conference Center is a Gold Mine of Information


Let's face it, understanding your credit score -- and what creditors think about you -- is important. Assuming you buy my first sentence, it's imperative to find out exactly how Fair Isaac, the creator of the FICO scoring system, constructs its models. It's also important to learn as much as possible about Fair Isaac's business customers -- the ones who are using the FICO score to judge us. To that end, Fair Issac's Web conference center is a gold mine of information for consumers who want to understand what Fair Isaac and its customers are up to these days.

Fair Isaac's conference center is geared toward its business customers. We (consumers) are not who Fair Isaac prepares these Web seminars for, which makes the seminars even more interesting. Fair Isaac, though, makes these seminars available to the general public. That means that my readers have access to the same information that Fair Isaac's business audience is privy to. Know what it reminds me of? Being a kid and listening in on a private conversation, a conversation that those I am listening to would prefer I not hear.

These Fair Isaac Web seminars, also called webinars, are free. There is no cost. And they're usually no more than an hour long. There are a couple ways to listen to the webinars, but my preference is to listen to them through Microsoft Office Live Meeting 2007 (a free program). The webinars have been optimized for Live Meeting 2007 platform, so that's what I use. At the end of this article, I'll provide a link so that you can download the program.

Today Fair Isaac is hosting two webinars. The first one starts at 1 p.m. Eastern time and it's called: "Identifying Customers That Can Safely Manage Additional Debt." The second webinar starts at 2 p.m. Eastern. The title of that seminar is called: "Combating Fraud through Peer Communication." Though I imagine most of my readers will be interested in the first seminar -- much more than the second one -- it's easy to see that Fair Issac's webinars are eclectic. All of these conferences, meanwhile, are hosted by experts who work at Fair Isaac.

I'm particularly looking forward to September 24, which is when Fair Isaac is hosting a webinar called "FICO score basics." What is the FICO score? How is it developed? What does it really predict? What’s a validation odds chart, and how do you use it? Those are questions that Fair Isaac will explore during the one-hour webinar. To attend, you just have to sign up at Fair Isaac's Web site. Be sure to use a valid email address when you sign up, because Fair Isaac will send you instructions on how to log in to the event.

Fair Isaac is also repeating a previous webinar on September 24 (originally presented in August) called "Managing Risk in the Credit Crunch." According to the description of the event, Brad Jolson, senior director of Fair Isaac's risk management solutions, "will review general changes in consumers’ credit risk performance, examine the performance of risk scores in measuring credit risk, and explore a variety of tactics for risk managers." I've already listened to this one; it's very good. It would be one of the first ones I listened to (hint, hint).

Fair Isaac has a library full of past webinars. They're archived and easy to access. Though these webinars are available for immediate listening, you'll still have to sign up to listen. What I'd recommend is that you sign up as a registered user, so that you don't have to keep filling in forms each time you want to listen to one of these webinars. When you get to the home page of the web conference center (linked below), hit the "log in" link that's to your left. You'll be prompted to create a new account. Do it. Then start exploring the site.

Be sure to check the calendar of events. You'll notice that Fair Isaac repeats a lot of its webinars. You'll want to check the archives or the calendar to make sure the webinar isn't already available on the site. No point in marking your calendar for an upcoming event if the program has already aired.

In addition to the webinars, Fair Isaac also has a credit-education center, which it houses at myfico.com. There, you'll find more webinars. This is just another source for you webinar buffs.

Given how difficult this credit environment has become, your credit score has probably never been more important. You should be working on developing good habits and making sure that you're up to speed on what your creditors are doing and thinking. If you haven't already done so, I would advise that you start listening to these webinars on a regular basis. These Fair Isaac webinars are a great tool in your credit-education arsenal.

  • Microsoft Office Live Meeting 2007 program (free)

  • Fair Isaac's Web Conference Center

  • Myfico's Credit Education Center (video area)

  • Fair Isaac's Web Conference Archives

  • Fair Isaac's Web Conference Calendar


27 comments:

LBCS said...

I just registered for the first one. This is a good find, CM. Thanks for the information.

Don Miguel said...

Thanks, great stuff as always! Nice to be able to be the answer to "Quis ipsos custodes custodiet?" on occasion!

Far Left Texas said...

I just love fascinating behind the scenes stuff and I'm already signed up.

Hopefully somebody at Fair Isaac reads your blog, otherwise they are going to really wonder about the sudden burst of new registrations.

Midnite said...

CM,

Once again a gold mine of information. Because of you and CB I am 10 points away from the 700 club! As soon as I get home I am going through the archives. Great post! Keep up the excellent work!

surfer8210 said...

Another excellent resource Marcus, thank you..!!

Credit Matters said...

DM, I figure they're watching us, we should watch them. And your phrase, which I did NOT learn in law school, is apropos. I'm constantly on the prowl for this kind of information. Just gives us an opportunity to see what the watchmen are looking at when they're watching us.

Credit Matters said...

FLT, not sure if the good folks over at Fair Isaac read my stuff. I know all of the credit card companies do, though. : )

Credit Matters said...

LBCS, let me know what you think of the first one. I will be out today when those conferences are taking place. I'll listen to them on replay. Some of their past ones have been really good. That one I cited in my story is must listening.

Credit Matters said...

Midnite, woot woot. Glad to see you scaling the 700 wall. Let me know when you do it.

Keep up the great work.

Credit Matters said...

Surfer, thanks for being a first-time poster. Come back regularly.

Jen said...

Great friend CM.... I can't wait to "eavesdrop"

Credit Matters said...

You're a great friend, too, Jen. I imagine that you meant to say "find." I don't have the power to edit your post.

Anonymous said...

I'm at work and can't listen. Are they archived so I can listen at home?
Thanks,
HM

Credit Matters said...

HM, they'll eventually be archived. Also, there will be frequent repeats during the coming weeks and months of today's conferences.

In the meantime, do check out the archived events that already exist. They'll keep you plenty busy.

The Lion said...

What a find, CM! And you are right, it is very much like listening in on a phone call that the other parties don't know you heard and would prefer you would never hear.

I think it is very important for consumers to become educated about all things credit. If we don't understand what is happening, we are likely to be taken for a ride.

Besides, it's not like they are hiding anything....right?

Credit Matters said...

Lion, we should be keeping tabs on everything. If we're not, we shouldn't even be playing the game. We'd be at a serious disadvantage.

I'll keep digging stuff up. It's up to my readers to use the tools.

And you're right. It's not like they're hiding anything at Fair Isaac. It's there for the taking.

SpaghettiBender said...

I swear, you continue to blow me away with your knowledge and insight.
I am going to check this out for sure.

By the way, I really like the new look to the site here. It is much easier to navigate!

Credit Matters said...

SB, I try. Keep coming back and I'll try to keep your attention.

Thanks for being a loyal reader.

svtfast said...

Thanks for the great info. I will need to talk to my boss about letting me off for that hour on the 24th.

I bet he will just laugh but I know I should get approval.

svtfast said...

How can I read/watch these? Live wants login info and location and nothing happens when I "register" for webinars.


help :(

Credit Matters said...

svt, I don't remember having to put in any information for Live Meeting -- other than a name (any name will work). There was no login required. The place where there is a login required is on Fair Isaac's site.

svtfast said...

It still wont work. I verified the install with microsoft but live still wants a name and location. Sigh....

Credit Matters said...

Just give them a name and location. I believe you can put any location and name in (doesn't have to be yours).

svtfast said...

Nope. It wants a meeting ID and location of the meeting. As much as I wanted to watch these I give up. I hate microsoft.


Thanks for the info though! its GOLD!!!

Credit Matters said...

Shane, I think I know what the problem is. Close out of that Microsoft site. You already have the program installed. Now go back to Fair Isaac and register for one of the conferences. Once you do that, you will get an email from Fair Isaac, with the code.

Try that.

SnowStorm266 said...

Great info! :) Thanks for posting it!!!

~Greg~

P.S. I really like getting the email updates when there is a new post. Keep up the great job!

Credit Matters said...

Snowstorm, you are very welcome. And glad that you're one of my email recipients. You get the email the moment my column is posted.

Thanks for reading and contributing to the blog.

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