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Change May Be Afoot In Credit Scoring

Change May Be Afoot In Credit Scoring

Published Date 1/5/2018 Since the development of the FICO credit scoring model in 1989, lenders—including mortgage lenders—have relied on that method for assessing the creditworthiness of people applying for mortgages and other types of loans. The FICO Classic score, developed by Fair, Isaacs & Co., ranges between 300 and 850. Lenders require a minimum of […]