New Credit Score Model Rolling Out Soon
By: The Radio Television Digital News Association— Most people probably have not heard of Fair Isaac Corp., but the company can affect the daily life of anyone who wants to borrow or rent. It’s the company behind the FICO credit score, and it just announced changes to the widely used credit scoring system. Forbes reports that average FICO scores are at an all-time high, but so is consumer debt, one reason for the updated model. According to Fair Isaac, the…
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