07-31-2007 09:13 AM
07-31-2007 09:57 AM
We all know the 3 major credit agencies and that some lenders factor FICO scores into the equation. So as it stands, to have good credit, you need to monitor 4 "agencies". I heard that they are starting a NEW system with an alphabetical credit rating. Now let me ask you, why should we have to pay for 5 credit scores to find out how good our credit is? It's unfair, but there isn't anything we can do about it, right?
07-31-2007 10:57 AM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO