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Credit Score (FICO Score) And The New Damage Point Model To Tell You How Much Of A Hit Your Score Will Take For Different Mistakes

December 15th, 2009 by Michael Oliver

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Here is an interesting new concept that the FICO companies recently published to explain to consumers how much of a drop their credit score can expect to fall with different situations playing out. According to FICO (the companies that generate credit scores for individuals) the following is a chart most interesting to me is it doesn’t seem like credit scored drop as much as most people would think for different offenses.

For additional information you can read this article with additional explanations of what could happen to your credit score under more exact situations.