Fair Issac Company were the originators of the credit scoring system and even today FICO credit scores are used in over 90% of lending decisions. So even though you may have any number of credit scores, FICO really rules the day. Here’s what you need to know about the FICO scoring systems and the latest changes in credit scores.
Apr 03, 2017 | Meghan Alard
A new $3 million CFPB penalty against Experian reveals the difference between a consumer credit score that lenders use and your “educational” score.
Nov 06, 2015 | Meghan Alard
A new FICO credit scoring model could make it easier to obtain credit, but there is a certain level of risk if you aren’t careful about managing debt.
Sep 24, 2014 | Meghan Alard
The average consumer credit score just hit an all-time high, but will consumers backslide into bad habits now that the recession is behind us.
Aug 28, 2014 | April Lewis-Parks
Homeowners with poor credit-based insurance scores pay more for insurance than a person with excellent credit. Find out how to improve your score.
Credit Score, Housing, Insurance
Aug 15, 2014 | Michael Koretzky
Changes to the way FICO and the credit bureaus calculate your credit score may help you get better credit so you can reach your goals and get lower APR.