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FICO 10 & 10T

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dragontears
Senior Contributor

Re: FICO 10 & 10T


@donkort wrote:

How many entities actually use FICO 10 or 10T at this point?

 

 


Since it hasn't been officially released yet (that I am aware of) , no one is using it at this point 

Message 11 of 13
RootDet
Established Contributor

Re: FICO 10 & 10T

I am curious when Myfico subscribers will see the new score model available to them. 





Message 12 of 13
Anonymous
Not applicable

Re: FICO 10 & 10T

@NRB525 I checked it, it is $150,000. FCRA, s. 605:

 

"(b) Exempted cases. The provisions of paragraphs (1) through (5) of sub- section (a) of this section are not applicable in the case of any consumer credit report to be used in connection with
(1) a credit transaction involving, or which may reasonably be expected to involve, a principal amount of $150,000 or more;
(2) the underwriting of life insurance involving, or which may reason- ably be expected to involve, a face amount of $150,000 or more; or
(3) the employment of any individual at an annual salary which equals, or which may reasonably be expected to equal $75,000, or more."

Message 13 of 13
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