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 [...]
Entries Tagged as 'VantageScore'
Experian Cutting off Consumer Access to FICO Scores
February 6th, 2009 · 5 Comments · Credit Bureaus and Scores, Credit Reports
Yesterday, I was surprised by an announcement from Experian, who announced that after February 14, 2009, it will no longer offer the FICO score based on its credit database. I consider this a move to force lenders and consumers to abandon the FICO credit score model developed by Fair Isaac and use instead the its [...]
Tags: Credit Bureaus·Experian·FACT Act·FICO score·myfico.com·PLUS Score·VantageScore
