possible FICO 08 in May?

haulingthescoreup · ‎02-23-2008

Hi, all-- rubaty posted this over in Credit in the News:

http://ficoforums.myfico.com/fico/board/message?board.id=creditnews&thread.id=1277

(I posted this link on Understanding FICO Scoring as well, so I hope I'm not causing a lot of deja vu. I feel like Paul Revere, lol.)

* 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

marty56 · ‎02-23-2008

Maybe FICO08 will ignore my 120+ day late from BofA. It will be 3 years old this summer. SWouldnt that be great.

1/25/2021: FICO 850 EQ 848 TU 847 EX

Anonymous · ‎02-23-2008

@marty56 wrote:
Maybe FICO08 will ignore my 120+ day late from BofA. It will be 3 years old this summer. SWouldnt that be great.

Good luck with that one! lol

haulingthescoreup · ‎02-23-2008

@Anonymous wrote:

@marty56 wrote:
Maybe FICO08 will ignore my 120+ day late from BofA. It will be 3 years old this summer. SWouldnt that be great.

Good luck with that one! lol

Well, you know, that's one of the things that's supposed to happen: an "isolated" late will be less penalized. I'm pretty nervous on this one, because I think my report looks a whole lot more like a pattern than like an isolated event.

* 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

marty56 · ‎02-23-2008

I guess theway FICO does it now is that it takes 7 years for a late to become an "isolated" late.

I wonder given the current credit climate that FICO is asked to tweak FICO08.

1/25/2021: FICO 850 EQ 848 TU 847 EX