Reply
Established Contributor
SonorityGenius
Posts: 729
Registered: ‎10-21-2007
0

Re: DH about to lose age of oldest card!!!!!

Its interesting to note down CRAs WILL report AUs the same as they do now with a different code for scoring purposes (NULL)
 
FICO 08 will NOT be factored with AU accounts on CRAs but the coding probably has a lot of glitching since hundreds of different lenders classify AU differently on CRAs for millions of consumers.
 
CRAs arent violating any laws - all accounts will be listed on your reports just your score will not be the same..
 
 

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
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}