1989 was a milestone year in the credit world, but statistical credit scoring has been around since the 1950s.

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, which is expected to cause scores to fluctuate ...

Your credit score is a snapshot of how you manage your credit accounts, such as whether you pay your bills on time. This three-digit score may not seem like a big deal on a regular basis, but it can ...

When it comes to managing your financial health, one of the most crucial elements to keep in mind is your credit score. This ...

Credit scoring models like to see you have experience managing different types of accounts. With FICO, 10% of the score comes from the “credit mix” category of your credit report. So ...

Data fuels Blue Book credit scores—inputs are analyzed within a scoring model through a proprietary algorithm.

Before discussing how you can fix your credit score, you must understand how credit scoring models like FICO and VantageScore arrive at your credit score. Knowing how credit scores are calculated ...

Understanding the intricate relationship between your credit score and debt is crucial for financial health. This guide ...

FICO® Score is the most popular credit scoring model and it's heavily based on your payment history and overall debt. So the best way to improve your credit score is to consistently pay your ...

In today’s fast-moving digital landscape, financial institutions are increasingly adopting advanced technologies to improve ...

One factor that credit scoring models like FICO and VantageScore take into consideration is the average age of your credit accounts. Let's say you've had one credit card for three years and ...