Welcome!

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
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science" is responsible for guiding the technology strategy within Hitachi Vantara for IoT and Analytics. Bill brings a balanced business-technology approach that focuses on business outcomes to drive data, analytics and technology decisions that underpin an organization's digital transformation strategy.
The now mainstream platform changes stemming from the first Internet boom brought many changes but didn’t really change the basic relationship between servers and the applications running on them. In fact, that was sort of the point. In his session at 18th Cloud Expo, Gordon Haff, senior cloud strategy marketing and evangelism manager at Red Hat, will discuss how today’s workloads require a new model and a new platform for development and execution. The platform must handle a wide range of rec...
Rodrigo Coutinho is part of OutSystems' founders' team and currently the Head of Product Design. He provides a cross-functional role where he supports Product Management in defining the positioning and direction of the Agile Platform, while at the same time promoting model-based development and new techniques to deliver applications in the cloud.
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
"We began as LinuxAcademy.com about five years ago as a very small outfit. Since then we've transitioned into more of a DevOps training company - the technologies and the tooling around DevOps," explained Doug Vanderweide, an instructor at Linux Academy, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
They say multi-cloud is coming, but organizations are leveraging multiple clouds already. According to a study by 451 Research, only 21% of organizations were using a single cloud. If you've found yourself unprepared for the barrage of cloud services introduced in your organization, you will need to change your approach to engaging with the business and engaging with vendors. Look at technologies that are on the way and work with the internal players involved to have a plan in place when the ine...
DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here)
The revocation of Safe Harbor has radically affected data sovereignty strategy in the cloud. In his session at 17th Cloud Expo, Jeff Miller, Product Management at Cavirin Systems, discussed how to assess these changes across your own cloud strategy, and how you can mitigate risks previously covered under the agreement.
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
"DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great team at @DevOpsSUMMIT and CloudEXPO tell the world how they can leverage this emerging disruptive trend."
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to impr...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...