@Anonymous wrote:
Actually I have a question for one of the mod's Has Fico08 gone live? What I mean is have they already taken off the AU factor in scoring??? I tried looking on the site but didn't find any new updates since the original press release...
The way that I'm checking to see if FICO 08 is affecting my scores is by looking at what they say is my oldest account. Since it's an AU account, if they suddenly start showing me as having an oldest history of 12 years instead of 19, I'll know that FICO 08 is in effect.
Even when they let it out of its cage, each lender will still have to decide if they are going to use it, so I think its effect will be that of a trickle, rather than a flood.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
