Ask Terry Questions FICO Score

FICO Score

By Terry Savage on February 07, 2014 |

Is my FICO score affected by retirement since there won’t be any wage income – only a small pension and Social Security?

Terry Says:  No, it’s not the actual amount of income, or even the source of income that determines your FICO score.  It can be impacted by longevity on they job (or inyour residence) — but they only see that when you change jobs or residences, not when you retire.   So I wouldn’t worry about your score dropping, unless you suddenly start paying bills late!

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