FICO 10 is coming! Will you be ready?
FICO scores are changing guys!
Every few years the FICO company updates their formula for calculating your credit score.
What is FICO 10?
Fico 10 is information on your credit reports showing how you've managed your accounts over the previous 24 months, creating a picture of your financial situation during that time.
Fico 10 is a snapshot of your last 24 months
This new credit scoring model will likely widen the gap, causing people with a low score to now have an even lower score, while people that have a high FICO score, will likely see an increase in their credit score.
24 Month look back on your credit can be devastating to say the least.
This is being implemented this summer and the lenders could be using this new model as soon as winter 2020.
Fico 10 is nothing to play with guys.
Link in the bio
I can add you as an authorized user or attack charge off , collection account, late payments, repossessions fico10creditrepair tradelines financialfreedom credit