Seven Reasons Your FICO Score Changes from Month-to-Month

Seven Reasons Your FICO Score Changes from Month-to-Month

1. Aging of Negative Items in Your Credit Report Events such as bankruptcy, foreclosure, or late payments are examples of negative items that affect your credit score. These events remain on a credit file for several years. A late payment, for example, remains on a...
FICO Resilience Index: What is it?

FICO Resilience Index: What is it?

FICO, the maker of the FICO credit scores that are commonly used in lending decisions, has created a new type of credit scoring tool to help lenders better evaluate credit risk in today’s shaky economy: the FICO Resilience Index. Many consumers are understandably...
Credit 101: Experian Credit Score vs. FICO Score

Credit 101: Experian Credit Score vs. FICO Score

When you think “credit score,” you probably think “FICO.” The Fair Isaac Corporation introduced its FICO scoring system in 1989, and it has since become one of the best-known and most-used credit scoring models in the United States. But it isn’t the only model on the...