Fair Isaac Corporation developed FICO® Score models to rate a consumer’s credit history. Since 1989, the company has developed many different scoring models to sell to lenders and consumers.
A pie chart is often used to explain factors ... READ MORE
Consumers applying for credit are sometimes surprised to find out the credit score they have been tracking is different from the credit score the lenders use to evaluate their loan applications. The truth is, there are many, many different credit ... READ MORE
Promotions such as – We Can Repair Your Credit – are everywhere. They imply that all you need to do is hire a service to get negative items wiped off your credit history and your credit score will instantly improve. The reality is that consumers ... READ MORE
A good credit score tells a lender that you are likely to pay a loan as agreed. Borrowers who are perceived as less risky score the best rates on loans. The way to build a good credit history is to demonstrate that you manage credit well. This ... READ MORE