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What FICO 10 Means for Your Credit Score-Don't Panic

What FICO 10 Means for Your Credit Score-Don't Panic This video is about the two versions: FICO 10 and FICO 10 T. The latter provides a view of your credit use over the past 24 months, considering the history of elements like your account balances. It’s the version more likely to have an impact on your score, which is typically a snapshot of your activity rather than a holistic view. FICO anticipates that about 110 million people will see their score change “less than a 20-point swing” in either direction under the new model. Consumers with personal loans may be more likely to see their scores drop, since a personal loan is considered more risky than a student loan or one for a car or house.You’re most likely to see a change in your score if your lender uses FICO 10 T. But don't panic Fico Score 8 is still the most widely used Fico Scoring system. If you think your credit scores might be affected, contact the lenders before you apply to see what Fico model they use. A little to go. Discover has Free Credit Score Card and use Fico Score 8. go to

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