Changes are coming to the FICO score calculation

Changes are coming to the FICO score calculation

Fair Isaac, the company behind the FICO (a type of credit score), is changing the way it calculates a person’s credit. FICO 10, as the new model is called, is expected to lift some 40 million Americans’ credit scores by as much as 20 points. Another 40 million, however, are likely to see their scores drop. FICO 10 will also look at consumers’ payments and accounts over a longer period of time.

David
David
Paul C
Paul C 1 months

GOOD!

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