Tag: FICO

FICO Changes That Could Impact Credit Availability

In 1989, the Fair, Isaac, and Company (FICO) established FICO scores. It provided an industry standard for scoring creditworthiness. It was fair for both consumers and lenders. Before FICO, there were many different scores with various calculating methods, sometimes including gender or political affiliation. Changes now are coming to the way FICO is calculated. You…


10 Things You Need to Know About Your Credit Score

What you may not know about your credit score can hurt you. Did you know that the average American credit score is a 669-699. Sounds great right? It might sound amazing but if you, the average person, upped their credit score by 50 points, they would lower their mortgage interest rate by 0.5 percent. 20…