110 million consumers could see their credit scores change under new FICO scoring. (via CNBCMakeIt)
"There's no big secret to having a good credit score, it's just consistency and thoughtfulness and commonsense."Fair Isaac Corp., the company behind the popular FICO credit score, announced the launch of its latest FICO 10 model today, Jan. 23, that will start incorporating consumers' debt levels into their scoring model.
"This was bound to happen," John Ulzheimer, an expert on credit scores and credit scoring, tells CNBC Make It. "The job of scoring models is to properly assess risk, not simply give people better scores as a default position."
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