Exactly About Exactly Just How Changes Are Coming To Your Credit Rating

Exactly About Exactly Just How Changes Are Coming To Your Credit Rating

(CNN) — your credit rating could quickly get down — or up.

FICO announced Thursday its latest variation of this FICO rating, a three-digit quantity that assesses a person’s credit danger. The brand new scoring model will need customers’ financial obligation amounts into consideration and can more closely track signature loans.

Previous scoring models took snapshots of the person’s payment history. Continue reading “Exactly About Exactly Just How Changes Are Coming To Your Credit Rating”