You are on page 1of 3

Simulated Impact to FICO Score

Consumer A Starting FICO Score Score after the following actions were taken: 30-day late on mtg 60-days late on mtg 90-days late on mtg 600-620 600-620 600-620 630-650 610-630 610-630 670-690 650-670 650-670 710-730 665-685 665-685 680 Consumer B 720 Consumer C Consumer D 780 820

Short Sale/Deed-inlieu/settlement (with no deficiency balance)


Short Sale (with deficiency balance)

610-630

605-625

655-675

660-680

575-595 575-595
530-550

570-590 570-590
525-545

620-640 620-640
540-560

625-645 625-645
550-570

Foreclosure
BK

Note: Simulation assumes all else held constant on the consumer credit file
28
2013 Fair Isaac Corporation. Confidential.

Time to Recover FICO Score Simulation


Consumer A Starting FICO Score Time for Score to Recover from the following actions 30-day late on mtg 60-days late on mtg 90-days late on mtg Short Sale/Deed-inlieu/settlement (with no deficiency balance) Short Sale (with deficiency balance) Foreclosure BK ~9 months ~9 months ~9 months ~2.5 years ~2.5 years ~3 years ~3 years ~3 years ~7 years ~7 years ~7 years ~7 years 680 Consumer B 720 Consumer C 780 Consumer D 820

~3 years

~7 years

~7 years

~7 years

~3 years ~3 years ~5 years

~7 years ~7 years ~7-10 years

~7 years ~7 years ~7-10 years

~7 years ~7 years ~7-10 years

Note: Simulation assumes all else held constant on the consumer credit file
29
2013 Fair Isaac Corporation. Confidential.

Most Lenders would consider this score as.


Consumer A 680 FICO Starting FICO Score Score after the following actions were taken: 30-day late on mtg 60-days late on mtg 90-days late on mtg Short Sale/Deed-inlieu/settlement (with no deficiency balance) Short Sale (with deficiency balance) Foreclosure BK
lower risk

Consumer B 720 FICO


very low risk

Consumer C 780 FICO


extremely low risk

Consumer D 820 FICO


exceptionally low risk

somewhat higher risk somewhat higher risk somewhat higher risk

somewhat higher risk somewhat higher risk somewhat higher risk

lower risk lower risk lower risk

very low risk lower risk lower risk

somewhat higher risk fairly high risk fairly high risk very high risk

somewhat higher risk fairly high risk fairly high risk very high risk

lower risk somewhat higher risk somewhat higher risk very high risk

lower risk somewhat higher risk somewhat higher risk fairly high risk

30

2013 Fair Isaac Corporation. Confidential.