Category Archives: Laws

IS FICO OBSOLETE??

Since the 1950’s, Fair Isaac Corporation, (FICO) has been the major system for determining our three digit credit scores. Now, the three major credit repositories, Trans Union, Equifax, and Experian, all multi-billion dollar corporations, have pooled some of their considerable resources to create a new scoring system that incorporates a variety of factors not present in the FICO scoring system.