Click here to close now.

SYS-CON MEDIA Authors: Elizabeth White, Liz McMillan, AppDynamics Blog, Ed Featherston, Pat Romanski

News Feed Item

SubscriberWise: Two Competing Models with Two Perfect Scores

SubscriberWise® the nation’s first issuing consumer reporting agency for the communications industry and the leading provider of analytics-driven subscriber risk management and rules technology, announced today that the company president David Howe has obtained a perfect Vantage score of 990. The event follows a perfect 850 FICO score obtained by Howe one week earlier.

David Howe reviews a report in his office at MCTV (Photo: Business Wire)

David Howe reviews a report in his office at MCTV (Photo: Business Wire)

The two perfect scores – mathematically demonstrated and astonishingly rare - offer strong evidence that FICO and Vantage models are correlated among high-percentile scores and granular predictive factors are consistent between the competing algorithms. FICO scores remain the dominant scoring technology in the market today.

“David Howe’s obsession for the highest achievement is not limited to perfect credit scores,” said David Hoffer, chief operating officer for MCTV and vice president for SubscriberWise. “In addition to this remarkable mastery of personal credit, Howe has consistently achieved what may be the lowest bad debt losses on record of any communications operator in North America: .02 as a percentage of revenue at MCTV on sales in excess of $60,000,000.00 annually. And to Howe’s real acclaim, included in this percentage are losses from unreturned equipment,” emphasized Hoffer.

“The success has not gone unnoticed,” continued Hoffer. “Over the past decade, Howe has been consulted by nearly every leading communications operator 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, and many others. Howe’s unbridled passion and demonstrated expertise with credit and risk management can be found everywhere in the industry today. Industry-wide the net positive cash flow for operators using SubscriberWise is measured in tens of millions of dollars annually. Perhaps obsession has its rewards,” concluded Hoffer.

Howe is the founder and president of SubscriberWise, the first U.S. issuing consumer reporting agency for the communications industry. Howe is also a consultant and credit manager for MCTV, a multiple system operator founded in 1965 by Richard Gessner. MCTV serves 47,000 subscribers in northeast Ohio. Howe has been employed by MCTV for 18 years.

Howe recently went on the record to share with the public specific details that he hopes will empower consumers and boost credit scores for individuals everywhere. Howe is the first U.S. citizen to describe and report detailed circumstances that generated perfect FICO and Vantage credit scores. The information was provided during an 80-minute interview with Polyana da Costa, senior mortgage reporter for Bankrate.com. Howe also provided additional details to journalist Seth Arenstein that will be reported in a future publication.

“I want to thank Bankrate.com and Polyana da Costa in particular for providing the interview opportunity and helping to disseminate information that she and I agree is valuable for consumers everywhere,” stated David Howe. “I also want to acknowledge that I do not know all things FICO or Vantage. Despite my position with MCTV and SubscriberWise, I’m not expert on everything concerning consumer credit and scoring. But I do understand – profoundly - what events impact my individual consumer reports as well as my personal credit scores. That’s very important. And over the years, I’ve learned how to maximize my personal scores despite the inevitable financial events and setbacks. I want others to know they can achieve the same. I’m hopeful the information I’ve provided Polyana and Seth will help to accomplish this objective.”

“From my professional perspective it’s time to raise the bar on the subject of consumer credit and scores,” Howe emphasized. “Consumers must understand their own credit at a granular level. They should understand at a basic level how business rules and decision management technology impact their lives in ways they may never have imagined. They must understand specific factors that impact their scores, even if the impacts are minimal (fact: a credit report that contains revolving credit card accounts but has no reported revolving balance when the score is calculated can lower a score by 20 points or more). Consumers must know that FICO, Equifax, TransUnion, and Experian do not own the predictive factors; they simply tease-out and refine those factors to add precision to their scoring algorithms. Consumers must understand that no organization and no human being will ever own what is ultimately predictive. Young adults obtaining credit for the first time should also be empowered with this knowledge and information and I plan to continue sharing what I’ve learned with them.”

"David Howe has shared with me such good advice and information on how the credit scoring system works and how to make good decisions to help me keep my credit score optimal," said Christopher Dewald, customer support representative for MCTV and 6-year colleague with Howe. "I feel that education on personal finances and credit is lacking with many younger people and I am glad I've had my conversations with David."

“Credit scores are critically important,” continued Howe. “They impact and control our financial lives. Credit can determine if you can rent a car at the airport, get and maintain a job, obtain the most favorable insurance rates, how much deposit you may pay for phone and cable, or whether you’re able to rent an apartment.

“Credit is not a game but people who don’t play lose,” stated Howe.

“As an experienced credit manager, I argue that every consumer should seek the highest possible credit score and pursue the maximum point-buffer to ensure the most favorable terms and opportunities while navigating life’s financial events. Consumers struggling with difficult financial situations should also focus careful attention on their credit. Everyone should understand that credit can be redeemed no matter the situation or life event. No one should agonize over their credit. There are always options.”

“Finally, it’s time for the certified financial planners and the other ‘experts’ to stop selling America short with the same advice they mimic constantly. Credit is too crucial a subject and we should reject distractions like the recent blog from Credit.com’s Christine DiGangi (http://blog.credit.com/2014/04/this-guy-put-out-a-press-release-about-getting-a-perfect-credit-score-80430/). Although I’ll concede that obsession over maintaining a perfect score is not a healthy or prudent pursuit, I’ll never deny that a deep understanding of the details of one’s personal credit should occupy much more than an occasional concern.”

“FICO, with its trademark displayed conspicuously on its corporate website, announces ‘Make Every Decision Count.’ I couldn’t agree more,” concluded Howe. “Therefore, let’s make every single decision count while also making every single point count.”

About SubscriberWise (www.subscriberwise.com)

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 (http://www.subscriberwise.com/TransUnionJointMarketing.pdf). Today SubscriberWise is a risk management preferred-solutions provider for the National Cable Television Cooperative.

SubscriberWise is a U.S.A. federally registered trademark of the SubscriberWise Limited Liability Co. The SubscriberWise mark was declared incontestable by the USPTO in 2013.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that DragonGlass, an enterprise search platform, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. After eleven years of designing and building custom applications, OpenCrowd has launched DragonGlass, a cloud-based platform that enables the development of search-based applications. These are a new breed of applications that utilize a search index as their backbone for data...
T-Mobile has been transforming the wireless industry with its “Uncarrier” initiatives. Today as T-Mobile’s IT organization works to transform itself in a like manner, technical foundations built over the last couple of years are now key to their drive for more Agile delivery practices. In his session at DevOps Summit, Martin Krienke, Sr Development Manager at T-Mobile, will discuss where they started their Continuous Delivery journey, where they are today, and where they are going in an effort ...
Enterprises are fast realizing the importance of integrating SaaS/Cloud applications, API and on-premises data and processes, to unleash hidden value. This webinar explores how managers can use a Microservice-centric approach to aggressively tackle the unexpected new integration challenges posed by proliferation of cloud, mobile, social and big data projects. Industry analyst and SOA expert Jason Bloomberg will strip away the hype from microservices, and clearly identify their advantages and d...
Container frameworks, such as Docker, provide a variety of benefits, including density of deployment across infrastructure, convenience for application developers to push updates with low operational hand-holding, and a fairly well-defined deployment workflow that can be orchestrated. Container frameworks also enable a DevOps approach to application development by cleanly separating concerns between operations and development teams. But running multi-container, multi-server apps with containers ...
Software Development Solution category in The 2015 American Business Awards, and will ultimately be a Gold, Silver, or Bronze Stevie® Award winner in the program. More than 3,300 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration. "We are honored to be recognized as a leader in the software development industry by the Stevie Awards judges," said Steve Brodie, CEO of Electric Cloud. "We introduced ElectricFlow and our Deploy app...
What do a firewall and a fortress have in common? They are no longer strong enough to protect the valuables housed inside. Like the walls of an old fortress, the cracks in the firewall are allowing the bad guys to slip in - unannounced and unnoticed. By the time these thieves get in, the damage is already done and the network is already compromised. Intellectual property is easily slipped out the back door leaving no trace of forced entry. If we want to reign in on these cybercriminals, it's hig...
Mobile commerce traffic is surpassing desktop, yet less than 20% of sales in the U.S. are mobile commerce sales. In his session at 15th Cloud Expo, Dan Franklin, Segment Manager, Commerce, at Verizon Digital Media Services, defined mobile devices and discussed how next generation means simplification. It means taking your digital content and turning it into instantly gratifying experiences.
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists will address the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affec...
SYS-CON Events announced today that EnterpriseDB (EDB), the leading worldwide provider of enterprise-class Postgres products and database compatibility solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. EDB is the largest provider of Postgres software and services that provides enterprise-class performance and scalability and the open source freedom to divert budget from more costly traditiona...
Fundamentally, SDN is still mostly about network plumbing. While plumbing may be useful to tinker with, what you can do with your plumbing is far more intriguing. A rigid interpretation of SDN confines it to Layers 2 and 3, and that's reasonable. But SDN opens opportunities for novel constructions in Layers 4 to 7 that solve real operational problems in data centers. "Data center," in fact, might become anachronistic - data is everywhere, constantly on the move, seemingly always overflowing. Net...
Gartner predicts that the bulk of new IT spending by 2016 will be for cloud platforms and applications and that nearly half of large enterprises will have cloud deployments by the end of 2017. The benefits of the cloud may be clear for applications that can tolerate brief periods of downtime, but for critical applications like SQL Server, Oracle and SAP, companies need a strategy for HA and DR protection. While traditional SAN-based clusters are not possible in these environments, SANless cluste...
Software Defined Storage provides many benefits for customers including agility, flexibility, faster adoption of new technology and cost effectiveness. However, for IT organizations it can be challenging and complex to build your Enterprise Grade Storage from software. In his session at Cloud Expo, Paul Turner, CMO at Cloudian, looked at the new Original Design Manufacturer (ODM) market and how it is changing the storage world. Now Software Defined Storage companies can build Enterprise grade ...
To manage complex web services with lots of calls to the cloud, many businesses have invested in Application Performance Management (APM) and Network Performance Management (NPM) tools. Together APM and NPM tools are essential aids in improving a business's infrastructure required to support an effective web experience... but they are missing a critical component - Internet visibility. Internet connectivity has always played a role in customer access to web presence, but in the past few years u...
There's Big Data, then there's really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at Big Data Expo®, Hannah Smalltree, Director at Treasure Data, discussed how IoT, Big D...
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists will peel away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud en...