Earlier this week FICO released data on score movement changes since the recession began. Essentially they’re the most significant score changes in nearly 2 decades. More people score below 600 (25.5%) than ever before. And, more importantly, more people score below 650 (35%) than ever before. Here's my take on the data and what it [...]
MINNEAPOLIS — FICO, the leading provider of analytics and decision management technology, today announced that it has expanded its relationship with PIC Solutions, its long-standing sales partner in the Middle East and Africa. Under the new agreement, PIC Solutions will continue to market, implement and support innovative FICO solutions for financial services clients while developing [...]
For a newbie in the credit industry, credit scores such as a FICO score and a FAKO score will all be the same. But for those veterans in this field, they can easily tell the difference. A FICO score is the credit score given by the Fair Isaac Corporation, based on an algorithm that can [...]
Revisions on the improved FICO credit scoring system: With debts below the $100 mark, the collection amount will not be counted as opposed to the bulletin that it would be still be counted, although at a lesser amount. It is also being utilized by all three credit bureaus, in spite of concerns that there might [...]
