Important credit-scoring changes now being introduced to major lenders nationwide

[Anonymous]

Thought you-all might find this article interesting............

http://realtytimes.com/rtcpages/20011112_scores.htm

These little-publicized credit score changes are part of a new, alternative approach being rolled out by the developer of "FICO" scores, the dominant credit-risk ratings used by mortgage lenders, credit card issuers, auto finance firms, insurance companies, employers and landlords across the country. "FICO" is short for Fair, Isaac & Co., Inc., of San Rafael, California. The company calls the new alternative its "Next Generation" scores, as distinct from the "Classic" FICO scores virtually all lenders currently use to rate loan applicants' risk of future defaults.

Will be interesting to see if my scores go up

[Tuscani]

Welcome to six years ago.. this article was published:

 Published: November 12, 2001

[Anonymous]

Ok, thanks. The top of the page says May 18, 2007 hence the error. First mistake I've made this year lol.

No wonder my scored are so high jk.

[Anonymous]

"scores"

[Tuscani]

PS.. Welcome to the forums. Didn't want you to think I was coming off rude.

[Anonymous]

NP just trying to add my two cents but this time it turned out they were worth less -2 cents

Thank You!