Not all lenders have adopted the new model, although more than 400 lenders are using or testing FICO 08, the company said. While FICO 08 will help consumers' credit scores in some cases, people ...

There’s a new sheriff in town, credit score-wise, and the impact on banking consumers could be substantial. Skip to main content. CATEGORIES.

NEW YORK (CNNMoney.com) -- Fair Isaac - they're the company that develops the formula that determines your FICO credit score - is rolling out a new version FICO 08 with the credit bureau TransUnion.

New FICO Credit Score Debuts. ... TransUnion LLC, will start offering the revamped score, dubbed "FICO 08," to lenders. Equifax Inc. is expected to follow in the second quarter, ...

FICO ’08 ignores debt of less than $100 that goes to collection, looks at “the total picture more,” docks you for closing accounts, values diversity of debt, rewards unused credit, and lets ...

In the wake of all these mortgage disasters, Fair Isaac, which makes the popular FICO credit score used by lenders, is revising its scoring methods, writes Jane Kim in today's Wall Street Journal ...

An impasse between Fair Isaac Corp. and one of the three major credit bureaus threatens to stymie the rollout of the newest version of the FICO score — and, possibly, the eradication of the ...

Fair Isaac Corp. is tweaking the newest version of the FICO score so that, like earlier versions, it will consider "authorized user" accounts, saying lenders asked it to do so for compliance reasons.

If you’re working to improve your credit, listen up. Fair Isaac Corp., creators of the FICO credit score, announced a new scoring model expected to take effect this spring. The model, named FICO ...

The way consumer credit scores are calculated has changed. The Fair Isaac Corp. -– creator of the FICO score -– announced on Jan. 29 that their new scoring model for determining credit scores ...

So-called “piggyback” credit-score inflation schemes for mortgage applicants haven’t been reined in, despite industry pledges to do so at the end of summer. So, lenders continue to be misled ...