A blog about spending wisely in your twenties, with advice on everything from cooking to saving money on gas; how to teach yourself to save money instead of spending it, traveling without breaking the bank, and much more.

Tuesday, February 3, 2009

Fair Isaac is Changing the Rules, AGAIN!

Just as soon as I understood how the magical elves calculate credit scores, they had to go change it up on me!

There's some good news and some bad news. No more adding a name to a credit card to boost the score of the person with crappier credit is the bad news. (Yes, this can be a good thing when done properly.) The good news is that one BIG BAD item, such as a repo or a default won't hurt you as much as long as everything else is in order.

Seriously, read more at Consumerism Commentary.

1 comment:

Holly Renee said...

Wow! I know nothing about these things and this is really helpful. Thanks for putting this out there. I dig this blog.