Quick Answer
FICO 10 and FICO 10 T are the newest FICO models - with FICO 10 T incorporating trended data that looks at how balances change over time rather than a single point-in-time snapshot.
Key Takeaways
- Trended data captures balance behavior over months.
- Carrying balances vs. paying in full now matters more.
- Adoption is gradual.
Why Trended Data Matters
Two borrowers with identical current balances can have very different risk profiles depending on whether their balances have been rising or falling - trended data captures that distinction.
Frequently Asked Questions
Does FICO 10 hurt borrowers who carry balances?
Educational sources commonly note that borrowers who consistently carry rising balances may see lower scores under trended-data models than under point-in-time models.