There are now more than 100 credit scoring systems in circulation, any number of which may be used in combination with the FICO score as the determining factor in the credit approval process.
Entries Tagged as 'credit scoring'
What to Expect of New Credit Scoring Systems
February 2nd, 2011 · No Comments · Credit Bureaus and Scores
Tags: bad credit·credit·Credit Scores·credit scoring·credit scoring systems·credit worthiness·Deposit Behavior Score·FICO·FICO scores·repair bad credit
How Much Credit is Too Much?
November 5th, 2009 · No Comments · Credit Cards, Credit Reports, Mortgages
When starting your credit history from scratch, rebuilding from a bad financial period in your life, or if you have long established credit history, I get this question all the time, “How much credit is too much”? Or “How many credit cards should I have to have the best credit?” This is often a difficult question to answer, due to the black box nature of Fair Isaac’s FICO credit scoring model.
Tags: Car Loans·Credit Cards·Credit Score·credit scoring·debt ratios·Fair Isaac·FICO score·Mortgages·number of accounts·Payment History·too much credit·total available credit
Red or White Wine? Your Choice Might Affect Your Credit Score…
June 30th, 2008 · No Comments · Credit Bureaus and Scores, Credit Cards, Credit Reports
Ok, that might be a bit extreme, but according to a recent article in businessweek, the lifestyle choices a consumer makes as far as spending habits may even affect their credit score. It’s fairly common knowledge that some major factors that influence credit scores involve occupation, payment histories, public records, ratio of balance to available [...]
Tags: CompuCredit·consumer spending habits·Credit Cards·Credit Scores·credit scoring·cut credit lines·FTC lawsuit·scoring models
