Tuesday, January 13, 2009

FICO formula...fair

Credit scores are also known as FICO scores. A number created by the Fair Isaac company. I've tried many many times to get some concrete answers to how this number is formulated. I still don't know. Even the credit reporting agencies love to make it as confusing as possible. Why would they want to do this? Here are the big three reporting agencies:
Experian
Transunion
Equifax

If you have horror stories about these reporting agencies or any other credit company please make a post about it.

More info to come soon!

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