Credit Scores News
FICO Updates
It's the number that bears your creditworthiness -- your credit score.
And for tens of millions of Americans, their credit score is about to change.
First, some background -- a Credit score is crucial for anyone seeking a loan. Created and managed by FICO, credit scores attempt to put a number value on each potential borrower's creditworthiness. To determine a credit score, FICO measures payment history, outstanding debt, length of credit history, and credit utilization. From this data, the company produces a score ranging from 300 to 850 -- the higher the score, the more creditworthy the borrower.
American Women Tend to Have Better Credit Scores, According to Report
The average U.S. woman has a better credit score than her male counterpart — with an average of four points more, according to the Experian annual “State of Credit” report. In 2008, women had...
‘State of Credit’ Report Indicates American’s Credit Scores Better in Recent Years
The recently released annual “State of Credit” report by Experian shows that the U.S. may be headed into the worst recession in 80 years. The report suggested that while American’s credit scores are lower...
