New FICO Score Calcs Coming
 
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Old 01-13-2009, 02:48 PM   #1
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New FICO Score Calcs Coming

For those of you who were in the great credit card discussion, ie. Advanta, here's something to brighten your day.

http://articles.moneycentral.msn.com/Banking/CreditCardSmarts/new-risks-to-credit-scores.aspx?GT1=33001

This says it all:
"But clearly, one of the biggest hazards for consumers is the credit utilization issue. As issuers slash credit limits, the gap narrows between customers' balances and their limits, which is generally bad for their credit scores."

I think were are screwed if we do and screwed if we don't.

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Old 01-13-2009, 03:46 PM   #2
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Re: New FICO Score Calcs Coming

New and more complicated credit issues make me positively delirious
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