Comments on: Very Surprising Update to FICO Scoring http://www.loanofficerunleashed.com/very-surprising-update-to-fico-scoring/ Mortgage Marketing Tools for Loan Officers Wed, 14 Dec 2011 22:20:22 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: James Mucci http://www.loanofficerunleashed.com/very-surprising-update-to-fico-scoring/comment-page-1/#comment-2642 James Mucci Mon, 15 Mar 2010 17:27:00 +0000 http://www.loanofficerunleashed.com/?p=229#comment-2642 Did anyone ever confirm that the balance ratio no longer helps the score or not? In a time, where credit card companies are freezing accounts, reducing line amounts, and the like, they are causing reduced credit scores. If you have a $2000 balance on a card with a 4000 limit, then the card company reduces your limit to 2000, you loose FICO points, unless the above post is true, so I am wondering if anyone has verified it yet? James Mucci - <a href="http://michiganmortgageadvisor.com/4-ways-to-reduce-michigan-refinancing-closing-costs/" rel="nofollow">Michigan Refinancing</A> Did anyone ever confirm that the balance ratio no longer helps the score or not?

In a time, where credit card companies are freezing accounts, reducing line amounts, and the like, they are causing reduced credit scores. If you have a $2000 balance on a card with a 4000 limit, then the card company reduces your limit to 2000, you loose FICO points, unless the above post is true, so I am wondering if anyone has verified it yet?

James Mucci – Michigan Refinancing

]]> By: Roy Paeth http://www.loanofficerunleashed.com/very-surprising-update-to-fico-scoring/comment-page-1/#comment-2159 Roy Paeth Thu, 21 Jan 2010 05:21:49 +0000 http://www.loanofficerunleashed.com/?p=229#comment-2159 This is just the start Stefan more changes are coming. Roy Paeth <a href="http://chicagolandmortgagesolutions.com/chicago-first-time-home-buyer-11/" rel="nofollow">Chicago First Time Home Buyer</A> This is just the start Stefan more changes are coming.

Roy Paeth
Chicago First Time Home Buyer

]]> By: Stefan http://www.loanofficerunleashed.com/very-surprising-update-to-fico-scoring/comment-page-1/#comment-30 Stefan Fri, 07 Nov 2008 23:38:03 +0000 http://www.loanofficerunleashed.com/?p=229#comment-30 Hey, I appreciate the comment! Thing is this guy is one of the top attorney's in the country - BUT I did not speak directly with him. So I will, and I will update the blog. Thanks for stopping by! Stefan Hey, I appreciate the comment! Thing is this guy is one of the top attorney’s in the country – BUT I did not speak directly with him. So I will, and I will update the blog. Thanks for stopping by!

Stefan

]]> By: Evan Swanson http://www.loanofficerunleashed.com/very-surprising-update-to-fico-scoring/comment-page-1/#comment-29 Evan Swanson Fri, 07 Nov 2008 22:06:58 +0000 http://www.loanofficerunleashed.com/?p=229#comment-29 I did some research on this with some people I know who work for credit reporting agencies. They contacted their liaisons at the credit bureaus who told them this is not true. Balances still make a huge difference in credit score. My guess is the credit restoration folks are making that call on anecdotal evidence only. I did some research on this with some people I know who work for credit reporting agencies. They contacted their liaisons at the credit bureaus who told them this is not true. Balances still make a huge difference in credit score.

My guess is the credit restoration folks are making that call on anecdotal evidence only.

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