What changed that year was the introduction of the FICO score, the first generic credit scoring system. Previously, lenders developed and used their own individual systems to calculate borrowers ...

Although FICO scores are also used by lenders when you apply for credit, a mortgage or an auto loan, FICO weighs the factors it uses to calculate its credit scores differently. Whether its ...

If you've been carrying credit card debt, you could see a drop in your credit score soon. Fair Isaac Corp., the creator of the FICO score, announced today, Jan. 23, the new FICO 10 model ...