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2008 will bring change to FICO score calculations

December 23rd, 2007 · No Comments

The Wall Street Journal reports that Fair Issac will change the way their credit scores are calculated. The new system will be more forgiving on an occasional late payment but will be harder on repeat offenders. The FICO score developed by Fair Issac is used overwhelmingly my most real estate lenders.

Tags: Credit Information · Sub-Prime Mortgage Issue · Real Estate Finance

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