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04-01-2009 04:06 PM
Don't be too fixated on FICO. FICO is a measurement tool and part of credit evaluation, but it does not provide a blind eye to bad credit entries.
The older the baddie, the less impact on FICO and the more lenience a LO will give it. With that said, though, some Loan reviews will frown on it and offer you lower CL's, higher APR's or decline all together not because of FICO, but because of CR content.
Use FICO as a gauge, not as the holy grail.
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