Credit Score
How Bad is Bad?
New numbers have been released that I believe are very informative, but can also be scary unless something is done. When talking about FICO scores, remember the whole purpose of the system is to predict the statistical chance of a consumer being 90 days late, or more, in the next 24 months on an obligation. …
Why aren’t the rules just given?
When most people start being educated about how the FICO scoring system works some of the most common responses are; “that is crazy”, “that doesn’t make sense” and “why can’t they just tell us the rules!” Just in case you are not aware, FICO scores are designed not to be common sense. The purpose of …