Re: Expanded "FICO High Achievers" (scores of 760 and above) characteri
01-06-2008 11:26 AM
I bought a new car December 2006 for c. 25K now 1 year later the loan is down to 11K. I have gotten 0 FICO points for it.
It's results like this that make it apparent how little weight installment and mortgage loans carry in scoring. They do count, but you sure don't get the swings in score changes that you do with revolving.
I liken FICO to a man's lot in marriage. You don't get much credit for doing the right things but screw up and oh boy.
I have been married 12 years and boy is this true