01/24/2020
🚨🚨🚨 FICO estimates that about 110 million consumers will see a change of less than 20 points to their score under the new credit score model. Overall, roughly 80 million consumers will see a change in score of 20 or more points in either direction, upward or downward, FICO says.
If you have a less-than-stellar credit score, a growing pile of debt, or are closer to maxing out your credit cards than you are to paying them off, you could soon see a surprise ding to your FICO score. Those who score below 600 will see BIGGER dips in their scores under the new model.
The upcoming launch of FICO's latest credit score will start incorporating consumers' debt levels into their scoring model.
