A trip to Lowes or Home Depot might be in your future if you’re looking to get a better mortgage. FICO has recently announced that they are teaming up with CoreLogic to create a new FICO score. Part of this new score will be based on non-credit factors and use citations for home related failures, like not mowing your lawn or leaving your garbage on the curb too long, to affect your credit score.
With this news just being released this week, it’s hard to say how much of an impact like lawn care can have on a credit score, but it is interesting that the people who are perceived as better home owners may have a more positive impact on this new credit rating.
A nice rundown of the details is available on Yahoo.com so click here to check out all the information.
In the meantime I’m going to check out some riding mowers…
Image courtesy of Flickr user stevendepolo