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    CHECK YOUR FICO® SCORE
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    Tommy Lee

    Tommy Lee

    All posts by Tommy Lee

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    • How Credit Actions Impact FICO Scores How Credit Actions Impact FICO Scores
      How Credit Actions Impact FICO Scores
      June 04, 2019
      Scoring Solutions

      How much does missing a payment impact a FICO® Score? What about reducing credit card balances? New FICO research simulated how different credit events may impact FICO® Score 9 for five different credit profiles, as seen in Figure 1 below. These representative profiles were selected because they had credit characteristics (payment history, utilization, etc.) that were…

      Tommy Lee by Tommy Lee
    • FICO Research: Broader Mix of Consumers Obtaining New Mortgages FICO Research: Broader Mix of Consumers Obtaining New Mortgages
      FICO Research: Broader Mix of Consumers Obtaining New Mortgages
      August 15, 2018
      Scoring Solutions

      For many people, owning a home is still a significant milestone in their financial and credit journey. We recently studied the impact of millennials’ student loan debt on their willingness and ability to obtain new mortgage loans. As the housing market continues to remain competitive, we looked at key trends in FICO® Score distributions and default rates for those who…

      Tommy Lee by Tommy Lee
    • How the Holidays Can Impact Your FICO® Score How the Holidays Can Impact Your FICO® Score
      How the Holidays Can Impact Your FICO® Score
      December 21, 2017
      Scoring Solutions

      It’s no secret that the holidays mean more spending. But that can become a problem when spending leads to significantly higher credit card balances, missed payments, and a lower credit score. If this happens to you during the holidays, you aren’t alone. Average revolving debt – the type of debt incurred by using credit cards – was 4.5% higher in January 2017 than i…

      Tommy Lee by Tommy Lee
    • NCAP Medical Collection Removals Are Rare and Have No Material Impact to FICO Scores NCAP Medical Collection Removals Are Rare and Have No Material Impact to FICO Scores
      NCAP Medical Collection Removals Are Rare and Have No Material Impact to FICO Scores
      September 13, 2017
      Scoring Solutions

      The National Consumer Assistance Plan (NCAP) is a comprehensive series of initiatives intended to evaluate the accuracy of credit reports, the process of dealing with credit information, and consumer transparency. In a previous post, we showed that July 2017 NCAP public record removals (civil judgments and some tax liens) had no material impact to FICO® Scor…

      Tommy Lee by Tommy Lee
    • NCAP Public Record Removals Have Little Impact to FICO Scores NCAP Public Record Removals Have Little Impact to FICO Scores
      NCAP Public Record Removals Have Little Impact to FICO Scores
      May 17, 2017
      Scoring Solutions

      The National Consumer Assistance Plan (NCAP) is a comprehensive series of initiatives intended to evaluate the accuracy of credit reports, the process of dealing with credit information, and consumer transparency. As a result of NCAP, in July 2017, the three credit reporting agencies (CRAs) are scheduled to make required changes to the criteria used to accept the repo…

      Tommy Lee by Tommy Lee
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