FICO Scores
Date: Wed, 12/02/2009 - 14:15
All,
FICO recently for the first time revealed how "damage points" are
calculated in credit scores. See info below. Entire article is on
creditcards.com
Maxed-Out Card
If your score is 680= Down 10-30 points
If your score is 780= Down 25-45 points
30-day Late Payment
If your score is 680= Down 60-80 points
If your score is 780= Down 90-110 points
Debt Settlement
If your score is 680= Down 45-65 points
If your score is 780= Down 105-125 points
Foreclosure
If your score is 680= Down 85-105 points
If your score is 780= Down 140-160 points
Bankruptcy
If your score is 680= Down 130-150 points
If your score is 780= Down 220-240 points
FICO recently for the first time revealed how "damage points" are
calculated in credit scores. See info below. Entire article is on
creditcards.com
Maxed-Out Card
If your score is 680= Down 10-30 points
If your score is 780= Down 25-45 points
30-day Late Payment
If your score is 680= Down 60-80 points
If your score is 780= Down 90-110 points
Debt Settlement
If your score is 680= Down 45-65 points
If your score is 780= Down 105-125 points
Foreclosure
If your score is 680= Down 85-105 points
If your score is 780= Down 140-160 points
Bankruptcy
If your score is 680= Down 130-150 points
If your score is 780= Down 220-240 points
Yeah, I too have read this report. Hopefully it'd now help custo
Yeah, I too have read this report. Hopefully it'd now help customers to understand their scores better. Though I'm not very confident about this more penalty for higher score theory.
Wow, I'd hate to see mine after debt settlement. It was 580 bef
Wow, I'd hate to see mine after debt settlement. It was 580 before I started as I was in debt mgmt plan. Probably won't have a score after all my debts are settled....
