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Posted on 24 August 2017 | 2,533 views

Getting Laid-Off Will not Lower Your FICO Score

You’ve been laid off from your job. The ensuing drop in your income could hurt your FICO score.

If you answered false — you’re right!

Your income has no effect on your FICO Score — nor does your employment status.

Credit Score would be damaged if you start to make late payments because money is tight. New lenders, of course will consider employment and income when deciding whether to extend credit to you.


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