Wednesday, October 28, 2009

Whats this about FICO not including shared account credit cards in their sores?

I heard that FICO scores wont include your credit history on a credit card acount that isnt originally yours...in other words you have to be the main one on the account for it to include that account in your FICO score



Whats this about FICO not including shared account credit cards in their sores?

Yes, people were doing unethical things with their credit reports.



Whats this about FICO not including shared account credit cards in their sores?

That is correct. Fair Isaac just changed their algorithm for calculating credit scores this month, so it will not include authorized user accounts.



Whats this about FICO not including shared account credit cards in their sores?

The reason they did it is because people with good credit were adding strangers to as authorized users on their accounts for a fee.

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