Bankruptcy Forum

The New Math of Credit Scores (FICO 08)

Brendon
01-04-2008, 05:14 PM
Anybody know how this will affect those with a bk? Will the new FICO 08 scoring system make a difference? Follow this link...

http://finance.yahoo.com/banking-budgeting/article/104062/Default-Lines-The-New-Math-of-Credit-Scores

CindyLou
01-04-2008, 06:01 PM
great article! Thanks.

rrockinggramma
01-04-2008, 06:02 PM
I think that the further away from the BK and the good payment history after will have lessen impact in time as it does now. Now your scoring bucket is limited by your BK. Will probably be the same after 08 rolls out as well.