"Carmen had opened a new account (a year previously) which, at that time, put her in a different scoring group consisting of consumers who had newly opened accounts on their credit files. Then when this recently opened account had aged enough to take her out of this scoring group and put her into one with consumers who had not opened any accounts recently, her score dropped."
Interesting....
"For years, a glitch in the FICO formula often penalized folks for paying old debts that had been charged off and sent to collection agencies. That glitch finally got fixed,"
(I'm not so sure I agree with this one!)
Message Edited by GFer on 09-16-2008 09:48 PM
EQ 817, EX 815, TU 813 (Updated 1/5/18: TU 843