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Entries Tagged as 'Fair Isaac'

Free Credit Scores Included in Financial Reform

May 27th, 2010 · No Comments · Credit Bureaus and Scores

If your credit score negatively impacts a financial transaction, new financial reform legislation would require the lender to show you the score for free!

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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.

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Is the Credit Scoring System Fair? A Viewpoint Which Disagrees

October 28th, 2009 · 4 Comments · Credit Bureaus and Scores, Credit Reports

I’ve heard many people complain bitterly about the American credit scoring system. There are many arguments for and against the system. Yesterday, I talked about the merits of the credit scoring system. Today I will give arguments against the system. Proponents of the system will argue the credit scoring system is an equal yardstick for [...]

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FICO.com suing “Big 3″ Credit Bureaus for Trademark Infringement

August 6th, 2009 · No Comments · Credit Bureaus and Scores, Legal Stuff

In what looks to be a battle of Goliaths, Fair Issac’s FICO.com brought suit against Experian, TransUnion, Equifax and VantageScore for trademark infringement, anti-trust unfair competition, passing-off claims and false advertising. Recently, United States District Court in Minneapolis dismissed the antitrust and false advertising claims asserted by FICO against Experian, Trans Union, Equifax and VantageScore. [...]

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