According to Forbes , the new FICO 10 model will be put into place this summer. The Fair Issac Corporation (FICO) announced it will be changing its model to include consumer’s account balances and missed payments over the last two years. The FICO specializes in predictive analytics which analyzes a range of credit information and allows lenders to predict a consumer’s financial behavior. Under the new credit model, Forbes predicts 110 million Americans could see a change in their credit score with about 40 million seeing a 20 point drop in their credit score. Unlike previous models, the FICO 10 model will put a heavy emphasis on past delinquencies and late payments from the last two years. Forbes also reports consumers with a high utilization ratio (credit used vs. credit available) will also see a drop in their credit score. Although FICO changes will soon be in effect, here are some ways to continue to manage your credit under the new FICO 10 model. Be Aware of Your Credit Score...