3/30/2006

Your New Credit Score

Just when you thought you knew about your credit score, it's all changed. The 3 national credit reporting companies got together and developed a new system which they think is more consistent and objective. The current FICO score system was developed by Fair Isaac Company some years ago. The VantageScore will use a score up to 990, and is based on the type of breakdown you probably learned in school, with a score below 600 being an "F", a score above 900 being an "A".

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