Comments on: Path to home ownership…What makes a good FICO Score? http://www.mydentoncountyrealestate.com/affordable-housing/what-is-a-good-fico-score/ Specializing in Highland Village, Lewisville, Flower Mound, Corinth and all of Denton County Fri, 04 Jun 2010 03:31:55 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Jay Myers http://www.mydentoncountyrealestate.com/affordable-housing/what-is-a-good-fico-score/#comment-10 Jay Myers Sat, 13 Dec 2008 23:59:34 +0000 http://www.mydentoncountyrealestate.com/?p=132#comment-10 Yes, the whole system does seem a bit out of whack. I am very curious to see what happens when the millions people who have had short sales and foreclosures are not going to be able to get credit due to the scoring system. Yes, the whole system does seem a bit out of whack. I am very curious to see what happens when the millions people who have had short sales and foreclosures are not going to be able to get credit due to the scoring system.

]]> By: Coral Snake http://www.mydentoncountyrealestate.com/affordable-housing/what-is-a-good-fico-score/#comment-9 Coral Snake Wed, 10 Dec 2008 05:00:53 +0000 http://www.mydentoncountyrealestate.com/?p=132#comment-9 The one thing I have always never understood.... 1) Your score goes down if you open up a credit card. 2) Your score goes down if you close a credit card. Those 2 don't make sense to me.... then why even try to establish credit via a credit card? I don't get it! I think it should be.... 1) Your score goes down if you open up a credit card. 2) Your score goes up if you close a credit card. Till then, Jean The one thing I have always never understood….

1) Your score goes down if you open up a credit card.
2) Your score goes down if you close a credit card.

Those 2 don’t make sense to me…. then why even try to establish credit via a credit card? I don’t get it!

I think it should be….

1) Your score goes down if you open up a credit card.
2) Your score goes up if you close a credit card.

Till then,

Jean

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