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New blog article: Are Small Differences Between Credit Scores Normal?

Elizabeth_FICO
myFICO Employee

New blog article: Are Small Differences Between Credit Scores Normal?

Hello everyone! If there's a new blog article that I think you guys might like I plan on posting it in the Forums.

 

This week's article is: Are Small Differences Between Credit Scores Normal?

 

Let me know what you think about the article.

 

For more content don't forget to check out our blog.

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1 REPLY 1
CreditBob
Established Contributor

Re: New blog article: Are Small Differences Between Credit Scores Normal?

I know that the FICO 8 model is the base score. Other versions of the score look at other factors. For example, the auto industry looks at how your vehicle loan was maintained. Whether or not you have paid as agreed or have had late payments. The same thing with the credit card version. And even though an installment loan is not treated in the same way as the revolving utilization, the current balance in relation to the original amount is also a factor or matrix in the score. Also, as time passes by & negative information is removed or balances are brought down, you are put into a different bucket or category.

 

 

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