FICO is updating to include trended data

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Apr 25, 2017
8:05:46am

Linescratcher All-American

FICO is updating to include trended data

And Vantage will likely be part of FN/FR underwriting in the near future. http://www.mortgagenewsdaily.com/04052017_credit_reports_scores.asp

I wouldn't change anything and try to game the system. You'll likely only end up hurting yourself.

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Linescratcher

Bio page: Linescratcher
Joined: Dec 21, 2010
Last login: Jun 22, 2021
Total posts: 15,086 (4,281 FO)

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Messages

Author

Time

Major changes to credit score calculation

Skeptical Optimist

4/25/17 7:51am

So if you are applying for a car loan you need to play one game

4/25/17 7:57am

Yes, that is what is frustrating about the change. There are now two conflicting

Skeptical Optimist

4/25/17 7:58am

FICO is updating to include trended data

4/25/17 8:05am

It isn't that extreme at all. If you have a high score in one you will have a

CSoul

4/25/17 8:06am

I expect my Vantage Score to drop given the amount of available credit I have

Skeptical Optimist

4/25/17 8:10am

RE: I expect my Vantage Score to drop given the amount of available credit I

eastwestcoast

4/25/17 11:00am

True, but that is changing. As Linescratcher noted above, FICO is losing their

Skeptical Optimist

4/25/17 11:07am

I've found if you pay your bills on time you have great credit.

Mayor of Cougartown

4/25/17 8:46am

Another reason to get out of debt and stay out of debt

YouPuntYouDye

4/25/17 10:02am

Did it go into effect yesterday? My score dropped 8 points overnight.

fiberpost

4/25/17 10:16am

The articles just say it will be later this year

Skeptical Optimist

4/25/17 10:28am

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