Comments on: Changes are Coming to Fair Isaac’s FICO Credit Score Calculation http://www.thesunsfinancialdiary.com/credit-report/changes-are-coming-to-fair-isaacs-fico-credit-score-calculation/ Fri, 20 Nov 2009 19:09:54 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Nellia in Brooklyn http://www.thesunsfinancialdiary.com/credit-report/changes-are-coming-to-fair-isaacs-fico-credit-score-calculation/comment-page-1/#comment-41200 Nellia in Brooklyn Fri, 07 Mar 2008 15:47:53 +0000 http://www.thesunsfinancialdiary.com/personal-finance/credit-cards/changes-are-coming-to-fair-isaacs-fico-credit-score-calculation/#comment-41200 Good Morning: I have worked very hard to obtain and maintain a good credit score. However I beleive that because of where I live (Low income neighborhood in NYC-Bedford-Stuyvestant) my credit score (Experian 757) does not mean as much as it would if lived elsewhere. Is this true? Do communities have credit ratings. My neighborhood has been hit hard by the subprime mess. I am greatful to God that I did not get caught up in it. I have a fixed rate martgage from a prime lender and 75% equity in my home. It seems as if my score is going to suffer through no fault of my own because of the state of the economy and where I choose to live. Is this true? Also when will the new FICO formula go into effect? I want to buy scores after the change is made. Good Morning:
I have worked very hard to obtain and maintain a good credit score. However I beleive that because of where I live (Low income neighborhood in NYC-Bedford-Stuyvestant) my credit score (Experian 757) does not mean as much as it would if lived elsewhere. Is this true? Do communities have credit ratings. My neighborhood has been hit hard by the subprime mess. I am greatful to God that I did not get caught up in it. I have a fixed rate martgage from a prime lender and 75% equity in my home. It seems as if my score is going to suffer through no fault of my own because of the state of the economy and where I choose to live. Is this true?
Also when will the new FICO formula go into effect? I want to buy scores after the change is made.

]]> By: TransUnion VantageScore Credit Score and What’s Different from FICO Score | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing http://www.thesunsfinancialdiary.com/credit-report/changes-are-coming-to-fair-isaacs-fico-credit-score-calculation/comment-page-1/#comment-33938 TransUnion VantageScore Credit Score and What’s Different from FICO Score | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing Tue, 08 Jan 2008 06:14:41 +0000 http://www.thesunsfinancialdiary.com/personal-finance/credit-cards/changes-are-coming-to-fair-isaacs-fico-credit-score-calculation/#comment-33938 [...] The last feature, regarding authorized users, will actually be implemented in the latest update of FICO score formula. [...] [...] The last feature, regarding authorized users, will actually be implemented in the latest update of FICO score formula. [...]

]]> By: Personal Finance Review - The Psychology of Spending & Saving Edition » Money Smart Life http://www.thesunsfinancialdiary.com/credit-report/changes-are-coming-to-fair-isaacs-fico-credit-score-calculation/comment-page-1/#comment-33875 Personal Finance Review - The Psychology of Spending & Saving Edition » Money Smart Life Mon, 07 Jan 2008 10:36:11 +0000 http://www.thesunsfinancialdiary.com/personal-finance/credit-cards/changes-are-coming-to-fair-isaacs-fico-credit-score-calculation/#comment-33875 [...] Financial Diary talks about changes to FICO Credit Scores and Blueprint for Financial Prosperity reminds us that checking your credit score won’t [...] [...] Financial Diary talks about changes to FICO Credit Scores and Blueprint for Financial Prosperity reminds us that checking your credit score won’t [...]

]]> By: Friday Finance Findings for January 4th : Generation X Finance http://www.thesunsfinancialdiary.com/credit-report/changes-are-coming-to-fair-isaacs-fico-credit-score-calculation/comment-page-1/#comment-33829 Friday Finance Findings for January 4th : Generation X Finance Sun, 06 Jan 2008 22:37:50 +0000 http://www.thesunsfinancialdiary.com/personal-finance/credit-cards/changes-are-coming-to-fair-isaacs-fico-credit-score-calculation/#comment-33829 [...] The FICO Credit Score Calculation is Changing - The Sun takes a look at what some of these changes may mean for you and your FICO score. [...] [...] The FICO Credit Score Calculation is Changing – The Sun takes a look at what some of these changes may mean for you and your FICO score. [...]

]]> By: Jeremy http://www.thesunsfinancialdiary.com/credit-report/changes-are-coming-to-fair-isaacs-fico-credit-score-calculation/comment-page-1/#comment-33582 Jeremy Fri, 04 Jan 2008 15:17:00 +0000 http://www.thesunsfinancialdiary.com/personal-finance/credit-cards/changes-are-coming-to-fair-isaacs-fico-credit-score-calculation/#comment-33582 "Having high balances on your credit cards could hurt more." That's the one thats gonna hurt my, and many others, credit score the most. “Having high balances on your credit cards could hurt more.”

That’s the one thats gonna hurt my, and many others, credit score the most.

]]>