Tag: credit history

Update: Upcoming FICO Changes

[ 0 ] May 4, 2020 |
Update: Upcoming FICO Changes

Consumers struggling with their finances may need extra help when new scoring models are implemented. FICO adjusts its credit score modeling every few years to adapt to consumer behavior. This summer, FICO 10 and 10 T will roll out. What does the T stand for? “T” is for Trend. These modeling changes will reflect new […]

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Credit Scores…..Where does that magical number come from?

[ 0 ] November 14, 2016 |
Credit Scores…..Where does that magical number come from?

We all know that most lending institutions are going to use a person’s credit score as a basis for approving a loan, and also to determine what their interest rate will be.  To many of us that credit score is just a number, and the higher it is the better.  But what is the credit score really?  […]

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