Comments on: Fair Isaac FICO Credit Score Calculation Method to Change http://www.thesunsfinancialdiary.com/credit-report/changes-are-coming-to-fair-isaacs-fico-credit-score-calculation/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Nellia in Brooklynhttp://www.thesunsfinancialdiary.com/credit-report/changes-are-coming-to-fair-isaacs-fico-credit-score-calculation/#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: Jeremyhttp://www.thesunsfinancialdiary.com/credit-report/changes-are-coming-to-fair-isaacs-fico-credit-score-calculation/#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.

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