new guidelines for credit scoring: New credit reporting guidelines
- 12/29/08 03:03 AM
The credit bureaus are changing the criteria for how they generate your credit score. Mostly, the changes are well overdue, but there are a few things to be aware of: smaller credit blemishes (under $100) will not affect your score as negatively as they used to. More open credit, but less balance on the card helps your score. that you carry a balance month to month does not matter as much, that your balance is a small percentage of your available credit does matter. If your credit card lowers your available credit, or closes an account you do not use but … (1 comments)
The credit bureaus are changing the criteria for how they generate your credit score. Mostly, the changes are well overdue, but there are a few things to be aware of:;)
;)
