If anybody should know what does and does not significantly affect a consumer’s credit score, it should be FICO. So why in the heck did they need to do a study to evaluate how many people out there are losing points on their score due to circumstances that are out of their hands?
The answer is [...]
Entries Tagged as 'FICO scores'
FICO Study Shows Most Consumer’s Credit Scores Unaffected By Credit Line Reductions
September 3rd, 2009 · 2 Comments · Credit Bureaus and Scores, Credit Cards
Tags: Affect of Credit Limit Reduction on Score·Credit Card Limits·Credit Limit Reduction·Credit Scores·Credit Utilization·FICO·FICO scores·FICO study
FICO to Modify System Allowing Legitimate Credit Card “Authorized Users”
September 5th, 2008 · 2 Comments · Consumer Debt, Credit Bureaus and Scores, Credit Reports
This is good news for at least 50 million consumers: Fair Isaac has announced that it has found a way to include “legitimate” authorized-user accounts and still exclude the piggy-backers! According to Fair Isaac, there are more than 50 million consumers that are legitimate authorized users on another person’s credit card. For some of these [...]
Tags: build credit history·credit card authorized users·FICO 08·FICO scores·legitimate authorized users·piggybacking
