The FICO Credit Score And Strategic Default

Photo credit: Upside-Down House, Syzmbark, Poland

Think that we’ve seen the last of default crisis?

Think again. Several reporting agencies predict that the number of strategic defaults will double again by the first quarter of 2013.

And how do those strategic defaults effect a credit score.

We pasted a link to an interesting story that highlights the credit score impact -

http://www.examiner.com/article/the-fico-credit-score-and-strategic-default