Understanding the FICO Formula
For a number that helps determine so many things in our lives, we consumers know surprisingly little about how our credit scores are calculated. More closely guarded than the secret recipe for Coca Cola, the FICO formula was first developed in 1956 by two math gurus, Bill Fair and Earl Isaac, to help lenders determine the creditworthiness of potential customers. Back then, they created a different...
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4 Credit Cards for “So-So”™ Credit
capitalHere is some great information for anyone that is looking to rebuilding their line of credit. This article was featured on MSN Money and offers very good information on the type of credit cards that people with so-so credit can apply for. Premium rewards cards and low annual percentage rates are typically reserved for the credit elite,...
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