Tuesday, October 23, 2007

Risk API Implementation in L&LCA

Upon completion of the first version of the reporting system, risk API will be implemented into the system as part of the scoring process. I believe we will do a resolution to determine whether this should affect the score or be listed as a notation. We are still deciding how often to run the report for negative but this is one step closure to a more secure Second Life for us all.

Be on the look out for the resolution that will include a few points. I will be posting this notice to the L&L Bank and Trust shareholders as they hold stake in the Credit Reporting Agency as well and the votes of the bank's alt will be based on the votes from LLBT shareholders. Feel free to email me at lindsay.druart@gmail.com with questions or check my blog as I repost most notices there.

Sincerely,

Lindsay Druart

Should negative risk affect the credit scoring or should the negative be listed as a note on the credit file?

Yes = The score should decrease for negative risk pings.

No = Negative risk pings will be notated on the file but will not affect the score.

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