FICO Finally Reveals Part of Score Structure

The makers of FICO have always been ridiculously secretive about their little formula but now they finally have disclosed part of their calculations. Check out the link below to see how some common credit mistakes might affect your score. Not surprisingly, bankruptcy is pretty much the worst thing you can do for your credit rating. You can expect to lose up to 240 points if you have to file bankruptcy.

CreditCards.com: FICO reveals how common credit mistakes affect scores.