Authorized Users Return in a FICO Scoring Update

American Banker (08/04/08) P. 11; Berry, Kate
Fair Isaac Corp. is in the process of modifying the FICO score's newest version so that it will consider "authorized user" accounts in an effort to reduce the ability to massage the score. As tweaked, FICO 08 will again allow the scores of those listed as authorized users of others' credit card accounts to climb--but by a significantly smaller amount than older FICO versions. The Minnesota-based company initially expected that FICO 08 would already be available to the three major credit bureaus by this time. However, to accommodate the addition of authorized user information, it will take at least a few more months for the rollout to be completed.