It’s time for FICO to put an end to the confusion. Consumers have been trying to figure out how credit scores are determined and why they can so drastically change for years; now, there is FICO vs. FICO 8 confusion. On April 30, 2012, FICO released a report that a growing number of consumers are [...]

Since 1989, FICO has developed several generations of the FICO credit scoring formula. In 2009 FICO introduced FICO 8, their 5th generation credit scoring formula. FICO 8’s newest formula has been revised to enhance the credit score’s ability to predict consumer credit risk. FICO 8 has been available since 2009 and according to their website, [...]

Like or not credit scores have become an integral part of our lives. When lenders pull your credit score what does it say about you?

A credit score is a number based on the statistical analysis of a consumer’s credit reports, usually between 300 and 850.

Americans are obsessed with numbers are you allowing a low credit score or lack of a credit card determine your self-worth?

It is not a big mystery that some financial activity will drop your credit score more than other activity; but you may be surprised at what hurts your credit score.

The use of consumer credit as a determinant has just about permeated all aspects of our daily lives, even job offers.

Credit scores are fluid and subject to the information being reported by your creditors. They can change on a regular basis and should be monitored regularly in order to avoid any unexpected mishaps.

Credit scores are fluid and can change frequently, find out how to get the credit scores used by lenders, banks and credit card companies.

A short sale may sound better than a foreclosure but it may impact your credit scores by as much 160 points just like a foreclosure.

You may be paying your bills on time but these five actions could bring your credit score down.

As of July 21, 2011 consumers denied credit or approved for credit with less favorable terms are entitled to the actual credit score used by the lender in making the decision.

The FICO Expansion Score takes nontraditional credit items and calculates a credit score but consumers can be harmed by this type of credit score

Keep that old, unused credit account open, it just may be the best contributing factor to your credit score.

The obvious ways bad credit affects consumers is known but bad credit can affect basic needs such as car insurance rates, renting and employment opportunities.

Credit scores do not have to be a mystery. Learn the 5 components that make up a credit score and how to use them to improve your credit scores.

A credit score can make the difference in being approved or denied credit. You can change a bad score once you know the components that make a credit score and it does not have to take a long time as credit scores can change daily.

Although VantageScore has been around since 2006, they have only captured 5.7 percent of the credit scoring marketplace.

VantageScore is a 3-digit credit score created in 2006 by Equifax, Experian and TransUnion to compete directly with the widely used FICO credit scoring model.

The mortgage loan assistance programs meant to help homeowners avoid foreclosure and modify mortgage loans can reduce credit scores as much as 100 points.