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Changes in the FICO Scoring Model

By
Mortgage and Lending with Union Home Mortgage Corp.

Should You Really Care?

It seems everything these days is tied to your credit score. The score can determine what kind of interest rate you will get on your mortgage, your car loan, your credit card and even how much you pay in insurance premiums. In fact, it may even determine if you get your new job. Fair Isaac, the company that created the FICO credit score, has announced changes to the formula it uses to calculate a credit score.....

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