FICO Scores News and Trends

Stay updated on FICO credit scores for risk prevention

FICO score calculation, sometimes called Fair Isaac and Company score calculation or Fair Isaac Corporation score calculation, is important for lenders and businesses that grant credit to customers for anything from furniture to braces to cell phone service. A customer's FICO score tells a business how likely they are to repay their loans and other credit obligations.

FICO is the most widely used credit score system, although there are a few other companies providing their own version of credit scores. Keep updated on who uses FICO credit scores and what new types of FICO scoring are available. Staying informed of the changing trends and news will keep your business protected from high-risk borrowers. There are a few sources that you can use to stay updated, including:

1. The Fair Isaac Corporation, now known as FICO, that created the FICO credit score.

2. News publications, online and print, that cover the credit industry and credit risk scoring systems, including FICO scores.

3. FICO score providers, such as credit bureaus, that use and sell the scores to consumers and businesses.

 

Get FICO scores news and trends straight from the source

Fair Isaac Corporation (FICO) has clients in over 80 countries, and has the world's leading credit risk scoring system. Go to them directly for the latest information on the scoring process and the different versions available for different industries.
Try: The Fair Isaac Corporation will keep you updated on the latest FICO score rating news. The company also hosts a FICO World conference every year.

Turn to news sources for FICO credit score trends

News updates and press releases often cover FICO credit score happenings and trends. Search news websites for specific FICO trends to narrow down your news article results.
Try: FOX News Network routinely carries news and updates about FICO scores and the newest versions of these risk-predicting systems, such as the FICO 08 score for auto loans and bankcard lenders. The Los Angeles Times can keep you up-to-date about the latest FICO scores news and trends, including Experian's decision to stop selling scores to non-business customers.

Get news from FICO score providers

Credit bureaus often use FICO scores on their reports and credit evaluations. They can keep your business informed on FICO updates and news. Equifax and FICO joined forces to create the version of FICO scores called BEACON Mortgage Scores that is specifically for mortgage lenders.
Try: Check out the News Room at Equifax for updates on how to monitor FICO scores and stay on top of the latest happenings. Fair Isaac Corporation has a Credit Newswire to keep you abreast on all things FICO, along with a free FICO Score Estimator so you can keep on top of your credit changes.

Copyright © 2011 Business.com, Inc. All Rights Reserved.

---