DiscoverMaking Finance FunEpisode #20: Your FICO Score Is Probably Going To Change This Summer
Episode #20: Your FICO Score Is Probably Going To Change This Summer

Episode #20: Your FICO Score Is Probably Going To Change This Summer

Update: 2020-02-25
Share

Description

Changes are coming to your FICO score this summer. Why should you care? Well, your FICO score goes a long way in determining what types of loan(s) you can get and what interest rate you will pay. If your FICO score is good, then you will generally get favorable interest rates and terms. If it's not so good, you may not be able to qualify for a loan, and if you do in fact qualify, your interest rate will probably be higher than someone with a good credit score. 

Sources: 

https://www.cnbc.com/2020/01/23/fico-10-credit-score-changes.html

https://www.google.com/amp/s/www.cnbc.com/amp/2020/01/27/ficos-new-credit-score-wont-ding-you-for-student-loans-or-mortgages.html

 

Comments 
In Channel
loading
Download from Google Play
Download from App Store
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Episode #20: Your FICO Score Is Probably Going To Change This Summer

Episode #20: Your FICO Score Is Probably Going To Change This Summer