The way FICO scores are developed is changing.
There will now be a stricter method for scoring people with rising levels of debt, those who take personal loans and consumers who get behind on loan payments.
Scores above 680 are expected to go up more than it would have before – if those individuals continue making loan payments on time.
If your score is under 600 and you keep missing payments, your score will drop more dramatically than before.
Most consumers are expected to see a 20-point change in their score.
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