When Fair Isaac Co. announced a new credit scoring model last week, it earned significant media attention and won praise for helping consumers marred by medical debt to boost their scores. Collections - Other Consumer
The number of U.K. credit cards with balances that are over-limit reached its lowest point in more than two years, according to data from Fair Isaac Corp. (FICO). Collections - Credit Card
Fair Isaac Corporation (FICO) announced a new update to the FICO® score that will be appearing this summer just in time to make that new home purchase. It is not clear whether FICO 9 will be good for consumers or not. The FICO® score takes into account hundreds of factors for an individuals that are [...]
A New York Times article that ran last Friday highlighted a big shift in VantageScore's predictive model determining a consumer's credit score. From now on it will ignore a debt once it is paid. FICO® has not changed their formula. While I applaud VantageScore's announcement and scoring model change, I am reminded about the confusion [...]
