Prudential Beazley Real Estate Announces Changes to the Credit Scoring System
In their weekly blog, Prudential Beazley Real Estate informs their readers of the changes to the FICO credit scoring formula and how it could affect their livelihoods. According to the announcement, an estimated 90% of all credit loan decisions are processed using the FICO system. A person's score can have a dramatic effect, including making it impossible to qualify for a loan.
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