Welcome the New FICO Score In the Market

Welcome the New FICO Score In the Market Credit Cards by John Ulzheimer Share Share Email In October 2011, CoreLogic announced a new credit report named the CoreLogic CoreScore™ and that FICO would develop a mortgage score using this data.  In July 2012, FICO completed the development of the Mortgage score.  CoreLogic provides information, analytics […]

FICO vs. VantageScore: A Look at the Different Types of Credit Scores

FICO vs. VantageScore: A Look at the Different Types of Credit Scores Credit Monitoring by David B. Coulter Share Share Email The US lives by two credit scoring models — FICO and VantageScore. The latter was created in 2006 by Experian, Equifax, and TransUnion, the three major credit reporting bureaus. FICO, created by the analytics […]

Experian FICO Scores Available to Consumers Again. Should You Buy?

Experian FICO Scores Available to Consumers Again. Should You Buy? Credit Report by John Ulzheimer Share Share Email It’s official. myFICO.com, the consumer division of Fair Isaac, is now making available your Experian credit report and FICO score based on Experian data. FICO has quietly released the Experian/FICO report/score combo on their website, meaning the […]

Do FICO or VantageScore Sell Scores to Lenders?

Do FICO or VantageScore Sell Scores to Lenders? Civil Penalty by John Ulzheimer Share Share Email FICO is the company that invented credit scores.  VantageScore Solutions builds the VantageScore credit score, which is sold by all three credit bureaus (as are FICO’s scores)  Since FICO invented them and VantageScore also builds them you might think […]

Climb Credit Score Ladder: FICO Score

Climb Credit Score Ladder: FICO Score Credit for Beginners by David B. Coulter Share Share Email What is FICO Score? A FICO score is a specific type of score that lenders use to make borrowing decisions. A credit score is a three-digit score that is used to measure how well you manage credit and debt. […]

How Can I Get A Great FICO Score?

How Can I Get A Great FICO Score? Credit Cards by John Ulzheimer Share Share Email FICO, the inventor of the credit score, conducted analysis on those with high credit scores (from 785 to 850), which are called the “high achievers”.  FICO® scores range from 300 to 850, with the higher the score the lower […]

We have 49 different FICO scores and no, I’m not kidding

We have 49 different FICO scores and no, I’m not kidding Credit Cards by John Ulzheimer Share Share Email We all know that we have a FICO score, and most of us think we have just three, one per credit bureau. Would it surprise you, however, to learn that you actually have 49 different FICO […]

Why is the FICO score used by auto lenders different than other FICO scores?

Why is the FICO score used by auto lenders different than other FICO scores? Auto Loans by John Ulzheimer Share Share Email There are many different versions of the FICO credit score. Each of the three U.S. credit bureaus – Equifax, Experian and TransUnion – has many different generations and “flavors” of the FICO score, […]

What’s a Good FICO Score?

What’s a Good FICO Score? Credit Report by John Ulzheimer Share Share Email One of the most common questions I’m asked is what constitutes a good FICO score, bad FICO score, great FICO score, horrible FICO score, average FICO score, etc?  Here’s the deal on the quality of your FICO score…it’s going to depend.  It’s […]