Why Your Credit Score Could Drop - The Journal. - WSJ Podcasts

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🎧 Listen: In today's episode of The Journal podcast, aandriotis explains the changes coming to the FICO score, one of the most widely used credit scores in America, and why current scores may be out of whack

Kate Linebaugh is the co-host of The Journal. She has worked at The Wall Street Journal for 15 years, most recently as the deputy U.S. news coverage chief. Kate started at the Journal in Hong Kong, stopping in Detroit and coming to New York in 2011. As a reporter, she covered everything from post-9/11 Afghanistan to the 2004 Asian tsunami, from Toyota's sudden acceleration recall to General Electric.

Previously, he spent more than four years in the newsroom covering the wireless industry, and was responsible for a string of scoops including Verizon's $130 billion buyout of Vodafone's stake in their joint venture, Sprint and T-Mobile's never ending courtship and a hack of the 911 emergency system that spread virally on Twitter. He was also a regular author of A-heds, including one about millennials discovering TV antennas.

 

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Bad news: The new FICO score changes could impact the credit cards you qualify forThe FICO 10 scoring model is slated for a summer release and could cause your credit score to drop 20 points as the model looks at past debt and balances. Someone give the good folks at FICO the Wu Flu please Global economics: sure. Soon, or 2-3 years from now?
Source: CNBC - 🏆 12. / 72 Read more »