There are some new rules coming this Summer regarding the way your credit score is calculated.  And these changes could help some people but might also wind up lowering some people's credit scores.

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FICO 10, as the new credit-scoring model is called, will lift some 40 million Americans' credit scores by as much as 20 points, though most consumers will see only a modest impact or no change, according to the company. Another 40 million are likely to see their scores drop. The changes are set to take effect sometime this summer.

The biggest changes are going to be seen by people who have personal loans.  This will include when it was issued, how long you've had it and when (and if) it has gone into collections.

FICO 10 will also look at consumers' payments and accounts over a longer period of time — an effort to "smooth out the peaks and valleys" in a person's financial history, said credit industry analyst Ted Rossman of CreditCards.com.

So, you can see how this could potentially help someone out, but at the same time not help someone else... maybe even hurt their score.  Either way, these changes are going to be in the works this Summer.

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