How "Damage Points" affect your FICO credit score

December 1, 2009 · Posted in Commentary · Comment 

Have you ever wondered how certain events affect your FICO credit score?  Wonder no more!  Thanks to some excellent investigative reporting by personal finance writer Liz Pulliam Weston, you will be able to find out this weekend.

If you look at the graphic on the left, there are a few examples on how your financial mistakes can have a negative impact on your credit score.  If you have great credit, the impact will be greater for each scenario. Read more

Get Adobe Flash player