New Credit Scoring System [Archive]

NowOrNever

03-15-2006, 03:25 PM

Our local news did a story on this last night:

http://experian.global-pressoffice.com/documents/showdoc.cfm?doc=2129

MTG_BANKER_OH

03-17-2006, 03:54 AM

Our local news did a story on this last night:

http://experian.global-pressoffice.com/documents/showdoc.cfm?doc=2129

The only problem is mortgage lenders will not use this scoring system for a while because they have to rework all of thier programs and credit score requirements. It could cause more problems then it is worth. no one is going to be able to determine the risk on a 600 score any more. It is almost like starting over with a new credit scoring system. I would not expect to see this implemented anytime soon.



	Bankruptcy Forum > After the Discharge > Rebuilding Credit > New Credit Scoring System PDA New Credit Scoring System NowOrNever 03-15-2006, 03:25 PM Our local news did a story on this last night: http://experian.global-pressoffice.com/documents/showdoc.cfm?doc=2129 FilingOnMyOwn 03-15-2006, 09:19 PM Weird. So it goes up to 1000 now? MTG_BANKER_OH 03-17-2006, 03:54 AM Our local news did a story on this last night: http://experian.global-pressoffice.com/documents/showdoc.cfm?doc=2129 The only problem is mortgage lenders will not use this scoring system for a while because they have to rework all of thier programs and credit score requirements. It could cause more problems then it is worth. no one is going to be able to determine the risk on a 600 score any more. It is almost like starting over with a new credit scoring system. I would not expect to see this implemented anytime soon.