6 Ways Your Credit Score Changes Thursday

[sweeps]

A new system for determining your credit-worthiness, FICO '08, rolls out this Thursday, and there's nothing you can to do stop it. By these 6 changes, ye shall be judged.

Consumerist article

[sweeps]

I still don't understand why closing an account is considered a negative. Seems like smart debt management to me.

[noppenbd]

Originally Posted by sweeps

I still don't understand why closing an account is considered a negative. Seems like smart debt management to me.

Just a guess, but maybe because Fair Isaac's primary customers are the credit card companies, and the CC companies do not want to give consumers incentives to close accounts.