My head started hurting the other day as I tried to make sense of what I was
reading in the FICO Forums about no preset spending limit
(NPSL) cards and the various ways in which their credit limits, highest
balances, and account types appear on credit reports - and what these reporting
differences can mean for your FICO score.
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.