Thursday, December 3, 2009
FICO reveals damage points
Pay your credit card bill late?
Had a debt settlement?
Or have you maxed-out a credit card?
It's common knowledge that these actions can hurt your credit score, but FICO, the publicly-traded corporation that created the most widely used credit score system in America, recently revealed exactly how many points people lose when they experience the aforementioned situations.
The damage points are available on myFICO.com.
And if you're curious, FICO stands for the Fair Isaac Corporation.
Photo courtesy of www.autoloandaily.com.