ng Your FICO Score
07-22-2010 08:59 AM
Great post!! The humor is refreshing!
On a more serious note: I am a Real Estate Broker with several offices and many agents. In this day of short sales (both hardship and strategic) and foreclosures we are consistently seeing clients walk away with damaged credit. A recent national stat shows 25% of the population have a credit score of 620 and under. Will FICO eventually be looking into this and possibly changing their scoring formula in the future?
And a whopping 40% have a score between 750 and 850 (which means that 35% are between 620 and 750).
It would be nice if everyone was above average , and it may be possible when not grading relatively.