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.
Entries Tagged as 'Fair Isaac'
How Much Credit is Too Much?
November 5th, 2009 · No Comments · Consumer Info, Credit Cards, Credit Reports, Mortgages
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
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 [...]
Tags: anti-trust·Equifa·Expxerian·Fair Isaac·FICO·lawsuit·press release·trademark infringement·transunion·unfair comepetition
New Credit Scoring Model Set for Release in 2009- Finally!
January 6th, 2009 · 4 Comments · Consumer Info, Credit Bureaus and Scores, Credit Reports
Almost a year ago, we wrote about the new FICO 08 scoring model that was initially planned for roll-out at the latter part of 2008. Besieged with lawsuits between its creator, Fair Isaac, and the three largest credit bureaus, the kickoff for the much anticipated new system is now slated for early 2009. For [...]
Tags: Credit Bureaus·Credit Scores·credit scoring model·Fair Isaac·FICO 08·FICO score·new credit scoring system
