Since my debt load has gone up--I have a new mortgage-- will my FICO go up? My scores have gone up considerably since the refi but none of the crs show my new mortgage.
I would guess that no, they will drop ... but only slighly .... Here is my reasoning: FICO rewards a credit mix, so if you have a mortgage that you did not before, your score goes up. In case of a refi, you lost this plus. But whenever a new TL hits a CR with balance close to the credit limit (or in case of a mortgage, the financed/refinanced balance), the score drops. Since you stated that your debt load goes up, I am hence assuming that your score drops. But I think it drops only slightly, because FICO seems to put a lot more emphasis on credit cards than mortgages and installment loans. But then again, as GEORGE says, FICO is just an RNG (Random Number Generator) -- lakpr
