08-12-2008 04:28 PM
Anybody know anything about this alternate of the "Classic" scoring model? I think WAMU uses it, maybe others???
08-13-2008 12:16 PM
08-13-2008 12:21 PM
The way I have read FICO's own information on this subject is your classic score is generated and then there is a revolving credit specific layer applied to this score. If you have a clean revolving history this added layer will boost your score somewhat, and if your revolving history is more negative then your classic FICO score will be adjusted downward.
08-13-2008 12:30 PM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO