New Credit Scoring System

[NowOrNever]

Our local news did a story on this last night:

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

[FilingOnMyOwn]

Weird. So it goes up to 1000 now?

[MTG_BANKER_OH]

Our local news did a story on this last night:

http://experian.global-pressoffice.c...c.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.