New Credit Scoring System
The three credit reporting agencies have come up with a new credit scoring system.
Its going to be from 501 to 990 and there’s only going to be one score instead of 3 seperate scores. While on the face of it, it sounds like they’re simplifying it, I’m suspicious. Sounds like a way to generate more revenue since people like me will have to pay to get my score and make sure it stays high.
I just hate it when they change the rules as soon as you’ve figured them out!!!!
If you found this post helpful, consider donating to my coffee fund!![[del.icio.us]](http://images.del.icio.us/static/img/delicious.small.gif){kind=small}
- Is Gold A Bargain At $950/Oz! I'm finally back in the US! Last week, I heard Dr. Marc Faber, of GloomBoomDoom fame, on CNBC India. While gold is currently at a whopping $973/Oz, on that day gold had briefly touched $950/Oz for the first time ever. Dr. Faber said two things that were very interesting: 1.......
- CitiGroup: Gold To Hit $2,000 - Wars To Follow Now that the Federal Reserve has bailed out Citigroup, it's back to business as usual. Having personally helped destabilize the world financial markets, they're now predicting a rise in gold prices to $2,000/oz in 2009. According to an article in the UK Telegraph: Gold is poised for a dramatic surge......
- In The Market For a Condo? You Can't Afford It! With mortgage rates at historic lows, you might think first time buyers will be falling over themselves to buy entry level homes. In California, condos count as entry level homes. But starting April 1st, Fannie Mae and Freddie Mac have just changed their guidelines for mortgages when it comes to......
Related Websites
- Credit score changes It is a good idea to know your credit score - it is an even better idea to know what is in your credit report. I typically check mine once a year and I checked it last month and found an error. Not a huge one, but on the......
- Credit Score Transparency Do you know what your credit score is? Sorry to trick you with a loaded question like that. Different credit bureaus come up with different algorithms leading to different numbers. The three major credit bureaus, Equifax, Experian, and TransUnion, could all give you different numbers. And to get those numbers......
- These Things are Hurting your Credit Score A person's credit score has become very important in this day and age. Your score is what creditors and lenders look at to quickly decide if you are a good or bad risk to lend credit to. It is important that you learn what types of actions hurt your score......
[All content is copyright of Living Off Dividends & Passive Income]
March 21st, 2006 at 6:46 am
WOW! What does this mean? I it appears as though the rules might be changing a little too. I wish they would have done a better job explaining if you have a 750 under the old system it would probably be a ### score now.