FICO Is About To Change Credit Scores. Should You Worry?

Roughly 40 million Americans are likely to see their credit scores drop by 20 points or more. An equal number should go up by as much.

FICO is changing how it calculates credit scores, which affect things like getting loans. The firm says 40 million Americans’ scores will drop by more than 20 points, and a similar number will rise.

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