ladylpk74 wrote:When exactly will all these changes take place? Or have they already?
FICO 2008 will actually help those with thin files and those who have baddies that are old but still reporting. New buckets will be created for those with thin files and there will be even a greater emphasis on recent history, the last 24 months to be exact.
my understanding is that those with thick credit histories and a good credit mix will see a score increase and those with thin credit histories with limited credit will receive fewer points.